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.