Triple Bottom or Bust
Short-term:
Two weeks ago we saw a nice bounce due to the dovish comments by Chair Powell that bought...
Happy 4th!
Short-Term:
Last week went exactly as we planned. We saw a final push higher on Monday, followed by a breakdown down on Thursday. We also...
Fake Out?
Short-Term:
Last week we were able to breakout to new highs. This was a slight surprise, but in a trend the surprise is always with...
Overbought
Short-Term:
Last week went exactly as planned. We saw a small pullback that was once again quickly bought. This week we may see more of...
Strong Price Action but Hidden Selling
Short-Term:
No updated last week since there was nothing new to add. We hit our 257 target on Friday as the market continues to march...
Jobs Jobs Jobs
Short-Term:
As expected we closed the 207 gap on SPY. The bears were very strong on this down move so I expect it to have...
Wedge
Short-term:
As we noted two weeks ago, there would be a 4th push higher in the current wedge pattern and we saw that last week....
1st and Goal
Bulls attacked again with the SPX finishing up almost 23 points. They are winning the fight at this point and are poised to break...
Rates?
Short-Term:
Last week we stated to see gravity come into play as we expected. While we could see a small bounce early in the week...
Weekend Market Update – Employment Report on Friday
Prior week's recap:
Last week, we broke the 194 level a little earlier than we would have liked for bears, but they were still able...