Newsletters Test

7/16/24 - 3 buys

For each buy idea, you’ll see: 1-the pattern in blue or green 2-target 3-the suggested stop in red...

Breadth: New All-Time Highs

Key Points: 1- Six S&P 500 sectors gained at least 2% last week, which prompted the index’s advance-decline...

Week of 7/15/24

Key Points: 1- Six S&P 500 sectors gained at least 2% last week, which prompted the index’s advance-decline...

Chart of the Week & Content Wrap – 7/12/24

Chart of the Week – Real Rotation The rotation out of Tech and into everything else was widely...

Tech Lags, Everything Else Rallies

Key Points: 1-The S&P 500 now has had positive breadth for eight straight sessions on days in which...

7/11/24

Bullish Stats

Key Points:  1- Yesterday’s 1% gain ended the 22-trading day drought without one.  That was the longest...

Six Straight Gains

  Six Straight Gains Officially, the SPX notched its sixth straight gain yesterday, which started on...

Six in a Row

Key Points: 1- The SPX now is up six days in a row. Since the October’23 low point, this now is the index’s...

Eighth Pattern Target Hit

Key Points: 1- The SPX hit its eighth bullish pattern last week at 5,555.  We’re left with one live...

Week of 7/8/24

Key Points: 1- The SPX hit its eighth bullish pattern last week at 5,555.  We’re left with one live bullish...

Chart of the Week & Content Wrap – 7/5/24

Chart of the Week – The Strongest Stocks Buying only the biggest stocks may not sound appealing...

On Watch

Key Points: 1- The SPX’s MACD indicator recently triggered its 12th sell signal since April’23: nine...

The Strongest Stocks

Key Points: 1- The SPX finished about 80 bps shy of achieving the latest bullish pennant objective of...

The Real Trend

Key Points: 1- The SPX’s last 1% advance occurred on 6/5, which was 17 days ago.  This now is the longest...

7/2/24 - 2 buys, 1 Short

For each buy idea, you’ll see: 1-the pattern in blue or green 2-target 3-the suggested stop in red  ...

July'24 & Q3

Topics Covered: SPX -Key monthly stats -Patterns -Monthly chart -July Seasonality -After a Strong 1st...

Chart of the Week & Content Wrap - 6/28/24

  Chart of the Week – 1% Moves So far in June, the SPX has logged just a single 1% advance...

Almost Halftime

Key Points: 1- The SPX is set to log its seventh monthly gain in the last eight as June concludes. It...

June'24 vs. July'23

Key Points: 1- So far in June, the SPX has logged just a single 1% advance (6/5) and zero 1% declines....

Chart Rundown

Key Points: 1- We’ve seen the same kind of mini pattern play out throughout June for the SPX:  A big...

Rotation Revisited

Key Points: 1- As late as 3:00 on Monday, 80% of the SPX’s stocks were up.  The late selloff knocked...

6/25/24 - 3 buys

For each buy idea, you’ll see: 1-the pattern in blue 2-target 3-the suggested stop in red   For each...

Top of the Channels

Key Points: 1- The SPX now is up 8/9 weeks and is testing the upper lines of TWO upward sloping channels....

Week of 6/24/24 - Top of the Channels

Key Points: 1- The SPX now is up 8/9 weeks and is testing the upper lines of TWO upward sloping channels....

Chart of the Week & Content Wrap – 6/21/24

  Chart of the Week – Seventh SPX Upside Target Hit With all the talk centered on the (formerly)...

Seventh SPX Upside Target Hit

Key Points: 1- The SPX hit our latest target of 5,495 yesterday, making it the seventh successful bullish...

6/21/24 - 3 buys

For each buy idea, you’ll see: 1-the pattern in blue 2-target 3-the suggested stop in red   For each...

XLC vs. XLK

Topics Covered: Market -Patterns -AVWAP    Daily Stats -Daily price action -Index breadth -Sector performance...

Breadth Divergences Grow

  Breadth Divergences Grow As we know, the biggest growth names have separated themselves from the smaller...

This Hasn't Happened since September 2020

Key Points: 1- The XLK Tech ETF ended yesterday with a 14-day RSI reading of 80, the highest since 9/1/20. ...

6/18/24 - 2 buys, 1 short

For each buy idea, you’ll see: 1-the pattern in blue 2-target 3-the suggested stop in red   For each...

Breadth Divergences Grow

Key Points: 1- The SPX now is getting close to testing the upper lines of two weekly trading channels....

Week of 6/17/24

Key Points: 1- The SPX now is getting close to testing the upper lines of two weekly trading channels....

Chart of the Week & Content Wrap - 6/14/24

  Chart of the Week – AAPL As we know, AAPL blasted back to new highs with one of its biggest two-day...

Fear of New Highs

Key Points: 1- The CNN Business Fear & Greed Index hit the Fear Zone yesterday as the SPX made a...

SPX: Three Live Bullish Patterns

Key Points: 1- With Wednesday’s opening gap and hold, the latest pattern breakout was confirmed. The...

Double Jeopardy

Key Points: 1- The SPX sits at a new-all time high with a 14-day RSI of 67 ahead of today’s trading session....

A Recent Trade Idea

ENPH is a risky and longer-term play. It’s had an extremely volatile downfall and subsequent comeback...

Waiting

Key Points: 1- The SPX’s short-term price action continues to follow the blueprint we’ve seen since the...

6/11/24 - 3 buys

For each buy idea, you’ll see: 1-the pattern in blue 2-target 3-the suggested stop in red   For each...

Week of 6/10/24

Key Points: 1- The SPX now has spent five weeks above each of the key weekly moving averages – the shortest...

New Highs vs. Divergences

Key Points: 1- The SPX now has spent five weeks above each of the key weekly moving averages – the shortest...

Chart of the Week & Content Wrap – 6/7/24

  Chart of the Week – The SPX’s Latest Bullish Pattern The S&P 500 continues to extend...

Chart Rundown

Topics Covered: Daily Stats -Daily price action -Index breadth -Sector performance -Best & worst...

6/7/24 - 2 buys, 1 short

For each buy idea, you’ll see: 1-the pattern in blue 2-target 3-the suggested stop in red   For each...

Winning Streaks, 1% Gains & Tech

Key Points: 1- The SPX now is up four straight days, which is the NINTH winning streak of at least four...

SPX Holding while Others Move

Key Points: 1- So far, things have played out in the short-term work as we’d expect after the last snapback. ...

Losing Streaks & Drawdowns

Short Losing Streaks The SPX hasn’t had a losing streak longer than two days in a while. Specifically,...

Short Losing Streaks

Key Points: 1- The SPX hasn’t had a losing streak longer than two days since the six-day downturn from...

6/4/24 - 3 Buys, 1 Short

For each buy idea, you’ll see: 1-the pattern in blue 2-target 3-the suggested stop in red   For each...

June'24

Topics Covered: SPX -Key monthly stats -Patterns -Monthly chart -June Seasonality   Monthly Breadth &...

Chart of the Week & Content Wrap - 5/31/24

  Chart of the Week The following commentary appeared in Wednesday morning’s Opening Look piece. ...

May 2024

Spotted ➡ Rotation

Key Points: 1- Before yesterday, the last time the XLK lost 2% was on 4/30/24. The SPX had 11% advancing...

The Last Three Days

Key Points:   1- There only have been three trading days since last Thursday’s bearish engulfing pattern,...

The Market's Foundation

Key Points: 1- S&P 500 breadth has been sub-par recently, with negative internals now in 5/6, 6/8...

5/28/24

Market -SPX 5-day path -Weekly charts -MACD -% stocks > MAs -RSP Equal Weight -Patterns -AVWAP   ...

Four SPX Charts

SPX Weekly Track If it felt like a back-and-forth week with ultimately no net movement in front of a...

Five Week Win Streaks

Key Points: 1- Friday’s snapback helped the SPX secure its fifth consecutive weekly advance, its second...

Week of 5/28/24

Key Points: 1- Friday’s snapback helped the SPX secure its fifth consecutive weekly advance, its second...

Chart of the Week & Content Wrap – 5/24/24

  Chart of the Week – Bearish Engulfing Patterns The SPX logged a bearish engulfing pattern yesterday...

After the Reversal

Key Points: 1- Given that the prior few days of price action all were tiny in comparison, the SPX’s reversal...

5/24/24 - 3 Buys, 2 Shorts

For each buy idea, you’ll see: 1-the pattern in blue 2-target 3-the suggested stop in red   For each...

Now vs. Nov'23

Key Points: 1- There are similarities between the current comeback and November’23. See below.   2- A...

Digestion

Key Points: 1- In the 11 trading sessions since big 3-day advance from 5/2-5/6/24, the SPX has logged...

5/21/24

Topics Covered: Stats -Daily price action -Index breadth -Sector performance -Best & worst...

Five Crypto Charts

Ethereum Let’s start with Ethereum’s massive 20% spike.  As we know, speculation that an ETF is getting...

Chart Rundown

Key Points: 1- Ethereum and Bitcoin’s huge moves have brought them closer to major pattern breakout attempts....

Higher Highs & Higher Lows

Key Points: 1- The SPX has a four-week gain of 6.77%.  Since June’2020, it’s the 13th four-week gain...

Chart of the Week & Content Wrap – 5/17/24

  Chart of the Week – Successful Bullish Patterns The S&P 500 hit its sixth bullish pattern...

CPI & Indicator Check Up

Key Points: 1- The SPX comes into CPI Day with a 14-day RSI reading of 64. The last seven times the SPX...

SPX, ARKK & NASDAQ Breadth

SPX Still Calm The SPX is coming off its best three-day and three-week advance of 2024, both of which...

SPX Still Calm

Key Points: 1- The SPX logged it second negligible loss in the last four trading days. If bullish pattern...

Best Three Weeks of 2024

Key Points: 1- The SPX now is +5.1% over the last three weeks. It’s the best three week run of 2024 and...

Best Three Weeks of 2024

Key Points: 1- The SPX now is +5.1% over the last three weeks. It’s the best three week run of 2024 and...

Chart of the Week & Content Wrap – 5/10/24

  Chart of the Week – Good Closes 🟢The SPX just closed above its intra-day mid-point for the 10th...

Another Potential Bullish Pattern

Key Points: 1- The SPX is close to triggering another bullish pattern. There are currently two live bullish...

Good Closes are Back

Key Points: 1- The SPX has closed above its intra-day mid-point 10/13 trading sessions (77% of the time)....

5/9/24 - Eight Bullish Bank Charts

For each buy idea, you’ll see: 1-the pattern in blue 2-target 3-the suggested stop in red   For each...

Chart Rundown

Topics Covered: Key Charts -MAGS vs. SPX -KRE Regional banks -XLE Energy -XLU Utilities -XLY Cons Discretionary...

Best 3-Day Run… of 2024

Key Points: 1- The SPX logged its second straight 1% gain yesterday – for the third time since the October...

Three Important Next Steps

Key Points: 1- The SPX logged its first 1% gain of May on Friday, which makes it four +/-1% moves in...

Week Ending 5/3/24

Topics Covered: -Weekly SPX –Weekly Breadth: SPX, NDX –Best 20 ETFs: XBI, SOCL –Worst...

Chart of the Week & Content Wrap - 5/3/24

  Chart of the Week – Trading Boxes Why do we track trading boxes so closely?  Each trading range...

5/3/24

Market -Trading boxes -Rallies vs. drawdowns -10-DMA -Failed tops -Live Patterns -Potential Patterns...

Trading Boxes, Rallies and Failed Tops

Key Points: 1- Why do we track trading boxes so closely?  Each trading range leads to one of two things...

The Pattern Battle Continues

Key Points: 1- The SPX had seven +/-1% moves in April, the most since October. From January 2022 through...

April'24 Performance & May Outlook

Topics Covered: SPX -Key Monthly Stats -Patterns -Monthly chart -After five straight up months end -May...

Choose Your Bias

Key Points: 1- The SPX continues to trace out potential bullish and bearish patterns.  See a lot more...

4/29/24

Topics Covered: Market -One Percent Gains -Market Strength Indicator -Bollinger Bands -MACD -Live Patterns...

Key Spot, Key Week

SPX The SPX capped off last week’s comeback with its second 1% gain of the week. Overall, we’ve seen...

Key Spot, Key Week

Key Points: 1-  The SPX logged two 1% gains last week.  There were at least two 1% gains during a calendar...

Week Ending 4/26/24

Topics Covered: -Weekly SPX –Weekly Breadth: SPX, NDX –Best 20 ETFs: SMH, KWEB –Worst...

4/26/24

Market -Good closes -Live Patterns -Potential Patterns -SPX vs. 10-day moving average -New highs vs....

Another Good Close

Key Points: 1- The SPX has closed above its mid-point four straight days. This has been an about-face...

Pattern Battle

Key Points: 1- The Nikkei 225 fell 1% last evening, thus, it failed to recapture its pattern breakdown...

4/25/24 - 2 buys, 1 short

For each buy idea, you’ll see: 1-the pattern in blue 2-target 3-the suggested stop in red   For each...

Now vs. August'23

Key Points: 1- SPX had just a single 1% advance in 28 trading sessions before yesterday.  We don’t need...

Judging the Bounce

Key Points: 1- If we get some upside follow through, a MACD buy signal could be triggered soon. We last...

4/22/24

Market -Bearish streaks -The field holds -RSP vs. SPX -NDX -6-day losing streaks -Patterns -AVWAP ...

The Field Holds

Key Points: 1- The SPX comes into today with two key streaks: It has logged six straight down days but...

Week Ending 4/19/24

Topics Covered: -Weekly SPX –Weekly Breadth: SPX, NDX –Best 20 ETFs: JETS, KRE –Worst...

April 2024

New 52-Week Highs & Lows

Key Points: 1- The SPX’s number of new highs has been shrinking, and the number of new lows has been...

Bearish Streaks

Key Points: 1- The SPX has EIGHT different streaks in play after yesterday, and they are all bearish....

4/17/24 - 3 buys, 2 shorts

For each buy idea, you’ll see: 1-the pattern in blue 2-target 3-the suggested stop in red   For each...

The Next Bounce

Key Points: 1- The SPX now has a three-day losing streak.  The only streak longer than three since the...

Another First

Key Points: 1-The SPX followed Friday’s 1.5% decline with a 1.2% loss on Monday – the first back-to-back...

A Few Changes

Key Points: 1- From the point at which the SPX punctured its five-month uptrend line, it is down -2.1%. ...

Week Ending 4/12/24

Topics Covered: -Weekly SPX –Weekly Breadth: SPX, NDX –Best 20 ETFs: PALL, SIL –Worst...

Uptrend Lines vs. Uptrends

Key Points: 1- The SPX breached its uptrend line from the October low last week, but it remains in a...

4/11/24

Topics Covered: Market -Drawdowns -Short-term -New highs vs. new lows -% S&P 500 stocks > moving...

Drawdowns, New High/Lows and Breadth

Key Points: 1- The SPX’s current drawdown is -2.5%.  That’s among the largest multi-day pullbacks since...

CPI, SPX and Rates

Key Points: 1- Since the October’23 low, we’ve had five CPI reports.  The SPX has been higher two weeks...

Three Important Indicators

Key Points: 1- With the SPX still below the key uptrend line, there is a risk of it following through...

4/8/24

Topics Covered: Market -Trendline break -Daily RSI -1% Moves -Drawdowns -Short-term RSI -Patterns -AVWAP ...

What REALLY Changed?

Key Points: 1- The SPX followed last Thursday’s 1% loss with a 1% gain – this has happened five straight...

March / Q1 Performance & April / Q2 Outlook

Topics Covered: SPX -Monthly track -Monthly chart -Five straight up months -Patterns – March -Patterns...

Two More Days

Key Points: 1- SPY ended yesterday below the VWAP line anchored to last Wednesday’s FOMC meeting for...

The Most Bullish Trait

Key Points: 1- So far, the SPX has logged just three 1% moves in March (2 up and 1 down). This has continued...

3/25/24

Topics discussed: Market -Weekly breadth -NDX weekly -SPX Cumulative adv-dec line -% SPX stocks >...

Stock Market Breadth

Key Points: 1- 77% of the S&P 500’s stocks advanced last week, which was the best weekly breadth...

Week Ending 3/22/24

Topics Covered: -Weekly SPX –Weekly Breadth: SPX, NDX –Best 20 ETFs: MSOS, XHB –Worst...

100 Days

Key Points: 1- Today marks trading day number 100 since the 10/27/23 market low.  The SPX hit a low of...

3/21/24

Topics Discussed: Market -FOMC & SPX -The latest breakout -Failed tops -Trading box b/o -Bollinger...

The Latest Breakout

Key Points: 1- The SPX broke out of its sixth bullish formation since the lows yesterday.  It’s nearly...

3/21/24 - 10 Bullish Chart Patterns

For each buy idea, you’ll see: 1-the pattern in blue 2-target 3-the suggested stop in red   For each...

SPX & FOMC

Key Points: 1- We dissect the two-week periods following FOMC meetings since the October’23 low below....

Trading Ranges & Momentum

Key Points: 1- Eight trading boxes have been resolved higher eight times since the October low. The SPX...

3/18/24

Topics Covered:     Market -2-week losing streaks -Drawdowns -Failed tops -Key uptrend line -Bollinger...

Still Searching for Downside Follow Through

Key Points: 1- The SPX’s biggest drawdown since the October lows remains at -2.6%, with the last one...

Week Ending 3/15/24

Topics Covered: -Weekly SPX: Weekly losing streaks –Weekly Breadth: SPX, NDX –Best 20 ETFs:...

Testing the Line

Key Points: 1- The major difference between Thursday’s 30 bps decline and Wednesday’s 20 bps dip was...

The Best Three Week Run

Key Points: 1- The S&P 500 has had positive market internals 70% of the time since the October 27...

Strong Response

Key Points: 1- The SPX now has registered three absolute 1% moves (2 up, 1 down) in March at nearly the...

A Winning Streak No One is Talking About

Key Points: 1- The SPX has been higher two weeks after the CPI report for four straight months before...

03/12/24 - 2 Shorts

For each buy idea, you’ll see: 1-the pattern in blue 2-target 3-the suggested stop in red   For each...

Four Straight Successful Bullish Patterns

Key Points: 1- Before rolling over on Friday, the SPX acquired its latest bullish pattern target of 5,180,...

Week Ending 3/8/24

Topics Covered: -Weekly SPX: Channels –Weekly Breadth: SPX, NDX –Best 20 ETFs: Ethereum,...

A Day Later

Key Points: 1- The SPX now has logged 14 1% gains vs. four 1% losses since the October low.   2-...

AAPL vs. SPX: Most Oversold Ever

Key Points: 1- AAPL ranks 74/75 among the S&P 500’s Technology stocks YTD.   2- The AAPL/SPX relative...

03/07/24 - 3 Buys, 1 Short

For each buy idea, you’ll see: 1-the pattern in blue 2-target 3-the suggested stop in red   For each...

After a 1% Decline

Key Points: 1- The SPX now has logged four 1% losses since the October’23 lows – one each in December,...

The First Time in 11 Weeks

Key Points: 1- For the first time in eleven weeks, more than 100 S&P 500 stocks hit new 52-week highs...