Some signs on the S&P 500 (SPY) point to a potential risk that we could see another sharp leg lower before the bull market continues. The corrective period may still have another leg to go.
Daily Briefing: Momentum stalls as news cycle slows; Risk of another leg down emerges Read Post »
NASDAQ-100 trying to regain some momentum. Nvidia up big on news that Jenson Huang is done selling.
Daily Briefing: QQQ’s 3rd push into overbought; nvidia gains some steam Read Post »
With all the major recent catalysts now behind us, the market is quietly consolidating ahead of the next big move.
Daily Briefing: a slow Consolidation Day Read Post »
There’s every indication the market is preparing for a small near-term pull-back ahead of the next leg up in the bull market.
new rally cycle on the horizon Read Post »
Markets have been overbought for most of the week and are gearing up for a near-term pull-back that should start sometime in the middle of next week.
Daily Briefing: markets tepid at key breakout points Read Post »
Delayed reaction to the fed sets the market on a course to all-time highs. The NASDAQ-100 rally is now at $34. We should see a big pull-back at around $40+ point range that fills today’s gap-up.
Daily Briefing: Delay reaction to fed puts dagger in the bears Read Post »
With the markets having consolidated all week, it makes the near-term somewhat murky. Traders in the CME being split on the size of the rate-cut doesn’t help any. Still, markets are likely to pull-back either on the fed or shortly thereafter.
Daily Briefing: trend change coming After the fed Read Post »
Yesterday’s pull-back was just a blip in the overall rally that began off the September 6 lows. At this point, we’re unlikely to see a near-term peak before the fed tomorrow.
Daily Briefing: Yesterday Just a blip, no pullback before fed Read Post »
As we head into the fed meeting on Wednesday, one thing to watch closely is how the markets deal with overbought conditions on the hourly.
Daily Briefing: Near-term overbought conditions across the board Read Post »
The stock market is right at the precipice of a breakout move that would take the S&P 500 to fresh all-time highs. While the NASDAQ-100 is currently lagging behind, a new rally would surely set it on a course to lead stocks to new heights in 2025 and beyond.
the looming fed pivot moves markets to crescendo Read Post »