May 6, 2025 Equities have staged their first significant rally since corrective price action took hold during February of 2025. Prior to Monday May 5th, the S&P 500 had posted gains in 9 consecutive sessions bringing price to the neckline of a potential bullish reversal for the index (chart below). We think the 5786 level […]
April 22, 2025 The S&P 500 has pivoted off a significant long-term support level at 4818 which marked the top of the post-pandemic advance for equities (chart below). Price has traded up to the bottom March’s trading range which encompassed 5504 to 5786. We think that zone is the “neckline” for a potential top in
Tactical Tuesday Report: Technical levels for Potential Bullish Reversal in the S&P 500 Read More »
April 15, 2025 The S&P 500 has pivoted off a significant long-term support level at 4818 which marked the top of the post-pandemic advance for equities (chart below). Price has traded up to the bottom March’s trading range which encompassed 5504 to 5786. We think that zone is the “neckline” for a potential top in
Tactical Tuesday Report: Guideposts for a Potential Recovery Read More »
April 8, 2025 The S&P 500 has now retraced the entirety of current cycle gains above the S&P 500’s 2022 price high (chart below). As we noted in our weekly piece, the current level represents a 50% retracement of the entire bull market move from the trough in October 2022 through the peak in January
Tactical Tuesday Report: Some Signs of Positive Divergence Beneath the Surface Read More »
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
Tactical Tuesday Report: Growth Factor Performance Likely a “Tell” in the Near-term Read More »
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
Tactical Tuesday Report: S&P 500 Remains on the Ropes Despite Recent Attempts at a Rally Read More »
We think the current correction plays out in weeks rather than days. We are looking to accumulate on evidence of abating downside momentum. Not there yet.
Tactical Tuesday Report: Correction is Upon US, When to Accumulate Read More »
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
Tactical Tuesday Report: Using Charts to Project Downside Risk for the S&P 500 Read More »
Evidence of buyer fatigue is accumulating negative momentum divergences develop across Growth leadership themes
Tactical Tuesday Report: Value Stocks Take the Lead Supported by Low Vol. Exposures Read More »
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
Tactical Tuesday Report: Growth or Value Leadership, We Review our Indicators Read More »
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