Tactical Tuesday

March 25, 2025 The S&P 500 has now rallied back above its 200-day moving average (chart below).  We continue to believe this rally represents the second (counter-trend) leg of an A-B-C correction where we would look for signs of selling exhaustion on the 2nd leg lower.  We are expecting the current rally to fail in […]

March 18, 2025 The S&P 500 is attempting a rally with yesterday’s positive close marking the first consecutive positive closes since the current correction began on February 19.  Discretionary shares continue to see performance nosedive vs. the S&P 500 while buyers are starting to kick the tires on Tech shares here.  The sector performance chart

March 4, 2025 Equity consolidation and a loss of upside momentum to start 2025 has resolved into a bearish impulse to start March.  The S&P 500 price (chart below) now sits just above our key near-term support level at 5783.  That level represents the bottom of the Election Day price gap which kicked off the

The S&P 500 continues to move sideways across its long-term uptrend channel (chart below).  After hitting uptrend channel resistance, it looks like prices are consolidating sideways in a bid to correct the trend in time rather than price.  The 200-day moving average, currently at 5665, is a good proxy for trend channel support and we’ve

Big Tech is under pressure in the near-term with charts showing potential for a deeper correction.

The macro picture changed last week as persistently strong economic data has driven interest rates above 2024 highs to start the new year.  Crude and Commodities prices have firmed in the near-term as investors position for a more inflationary environment and Growth areas of the equity market come under renewed pressure. At the sector level,

We need to see stock level participation broaden out to have high conviction in a sustained bull market