S&P 500: Rally to 4400+ Still on Track
Albeit many keep fighting the current rally, the S&P 500 (SPX) continues to move along our primary expectation based on the Elliott Wave Principle (EWP): an impulsive move...
Albeit many keep fighting the current rally, the S&P 500 (SPX) continues to move along our primary expectation based on the Elliott Wave Principle (EWP): an impulsive move...
Buyers returned after the brief visit of potential bull traps across indices. Yesterday's action delivered the breakouts and today's should be the icing on the cake. The one index...
On October 12, 1987, a week before Black Monday, the Wall Street Journal warned of the potential for significant market turmoil. Per the article: The use of portfolio insurance...
The recent breakouts in the Nasdaq and Russell 2000 (via IWM) now find themselves on the wrong side of the support. There hasn't been a total collapse, selling volume was down in...
Friday was a clear victory for the Nasdaq Composite Index with a breakout to go along with higher volume accumulation and a close above the 200-day MA. Nasdaq technicals retained...
Uncertainty over the Federal Reserve’s monetary tightening plans and persistently high inflation continue to impact investor sentiment. I remain optimistic about companies...
As the S&P 500 (SPX) continues to move along our primary expectation, we continue to keep an eye on the $4400 target. Namely, last week, see here, as the index had just...
The Nasdaq has led gains on Wall Street in 2023, outperforming the Dow and S&P 500 Tech growth names have come back in favor as receding inflation fears drive hopes of smaller...
The Fed intends to drain liquidity at a rapid pace in 2023. And while the pace might be more friendly for the next months, don't get distracted. Banks, the repo market, and Wall...
After a positive Monday, U.S. indexes traded mostly sideways yesterday as the bears succeeded in preventing a broader follow-through rally. There was a decent buying volume and a...