17 May 2021

Mar ’20 Trend Line Breached Intra-Week Last Week But Saved By Close, Matter Of Time Before S&P 500 Joins Nasdaq 100

by | posted in: Credit, Economy, Equities, Technicals | 0

Last week, equity bulls stepped up in time to save a rising 14-month trend line on the S&P 500. A similar trend line has been breached on the Nasdaq 100, which acts weak. It is just a matter of time … Continued

10 May 2021

Yellen Dip Bought, Bulls Buoyed By Fed’s Focus On Labor Market, Not Inflation; VIX Fri Breaches Short Term Trendline

by | posted in: Credit, Derivatives, Economy, Equities, Technicals | 0

Equity bulls used the Yellen dip last Tuesday as an opportunity to add to risk, not reduce. The Fed is making sure liquidity remains plentiful, and the short end of the yield curve is cooperative. In this environment, VIX on … Continued