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Last Licks

No Follow Through
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: Comm Services 5- Best &...
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A Positive Start… for Some
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLK Tech 5- Best & Worst...
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The Next Bounce
Key Points: 1- The SPX is coming off its third straight weekly decline. The last longer weekly streak...
Read MorePostScript

Week Ending 8/18/23
Topics Covered: -SPX Weekly Chart -Weekly Market Map -Weekly Breadth –Best 20 ETFs: SMH, XME –Worst...
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Negative Momentum
Key Points: 1- With the SPX closing at its lowest level since June 26th, it breached the first real support...
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Bearish Patterns & Oversold Stocks Near Support
Key Points: 1- The good news: the continued sell off has pulled the SPX closer to real support zones...
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Volatility, Sentiment and the SPX
Key Points: 1- Despite yesterday’s 1% decline, the number of +/-1% SPX daily moves still is small compared...
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Back to Red
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLU Utilities 5- Best &...
Read MoreMorning Trends

The First Step: Closing Better
Key Points: 1- The recent combination of weak large cap growth and infrequent strong closes has equated...
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Growth Gets a Bid
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLK Tech 5- Best &...
Read MoreMorning Trends

What Buying the Dip Would Mean Now
Key Points: 1- If rotation is going to continue, then the next real bid should appear in the lagging...
Read MorePostScript

Week Ending 8/11/23
Topics Covered: -Weekly Performance -SPX Weekly Chart -Weekly Market Map -Weekly Breadth –Best...
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Measuring the Drawdown
Key Points: 1- A key early theme for August has been a lack of buy interest, and that is best represented...
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Another Close on the Lows
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLE Energy 5- Best &...
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Pattern Battle
Key Points: 1- The SPX has been higher two weeks after a CPI report for three straight months, starting...
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Topping Patterns
Key Points: 1- The SPX finished below the breakdown zone near 4,530 yesterday, thus, it triggered a three-week...
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Downside Follow Through
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLY Con Discr 5- Best &...
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Weakness Under the Surface
Key Points: 1- Breadth on the index level was poor in the 30-40% range yesterday, but it wasn’t extreme. ...
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Slow August Start
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLK Technology 5- Best &...
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Finishing Strong… Again
Key Points: 1- The SPX comes into July’s last day up nearly 3% for the month, which will be the fifth...
Read MorePostScript

Week Ending 7/28/23
Topics Covered: -Weekly Performance -SPX Weekly Chart -Weekly Market Map -Weekly Breadth –Best...
Read MoreMorning Trends

After the Reversal
Key Points: 1- It doesn’t have to be immediate, but for yesterday to mark a true turning point, we’ll...
Read MoreBreaking Out

New Highs & Negative Reversals
Topics reviewed in tonight’s video: -Intra-Day Performance -SPX intra-day -SPX negative reversal...
Read MoreMorning Trends

Next SPX Target in the Crosshairs
Key Points: 1- If this morning’s early strength holds, the SPX will have hit its latest upside target...
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Unchanged on Fed Day
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLC Comm Services 5- Best...
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Inching Higher
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLB Materials 5- Best &...
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Energy & Financials
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLE Energy 5- Best &...
Read MoreMorning Trends

Another BIG Week
Key Points: 1- The SPX is coming off its second straight weekly advance and now has been higher in 8/10...
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The Response
Key Points: 1- Eight S&P sectors had positive internals yesterday, with the top five flashing adv-dec...
Read MoreBreaking Out

Growth Cracks; the Field Holds
Topics reviewed in tonight’s video: -Intra-Day Sector Performance -Market Maps Intra Day vs. YTD...
Read MoreMorning Trends

+20% from the March Lows
Key Points: 1- Traditional overbought readings haven’t played out as well as they did in 2022 –...
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Quiet, but Another Up Day
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLP Consumer Staples 5- Best...
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Latest Target Hit
Key Points: 1- The SPX hit the 4,540-target yesterday, which took about eight weeks since the 5/26 breakout. ...
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Sentiment & How a Top Could Play Out
Key Points: 1- Jason Goepfert of SentimenTrader recently noted that investors now favor stocks over bonds...
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More Bullish Patterns
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLF Financials 5- Best &...
Read MoreMorning Trends

Weekly Moves: 2023 vs. 2022
Key Points: 1- In 2022, there were 19 weekly absolute moves of at least +/-3% (9 up, 10 down). In 2023,...
Read MorePostScript

Week Ending 7/14/23
Topics Covered: -Weekly Performance -SPX Weekly Chart -Weekly Market Map -Weekly Breadth –Best...
Read MoreMorning Trends

Breakouts, Small Index Moves & New Highs
Key Points: 1- The SPX has proven it can hold breakouts over the last few weeks and months; we have to...
Read MoreBreaking Out

The Crashing Dollar
Topics reviewed in tonight’s video: US Dollar (6) SPX (3) Bitcoin (3) Market Stats & Breadth...
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SPX & US Dollar
Key Points: 1- By holding above yesterday’s opening gap, the SPX completed the latest bullish formation...
Read MoreLast Licks

More Green Post CPI
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLC Comm Services 5- Best...
Read MoreMorning Trends

CPI, MACD and Chart Set-Ups
Key Points: 1- The SPX is coming off two straight months of net-positive two-week price action post CPI,...
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The Equal Weight S&P Sector ETFs
Key Points: 1- A better way to view yesterday’s action is through the lens of the S&P’s equal weight...
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Strong Participation… Despite Big Missing Pieces
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLI Industrials 5- Best &...
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It Gets Interesting Now
Key Points: 1- The “dip” currently doesn’t appear too different than other pauses over the last four...
Read MorePostScript

Week Ending 7/7/2023
Topics Covered: -Weekly Performance -SPX Weekly Chart -Weekly Breadth –Best 20 ETFs: OIH, USO –Worst...
Read MoreMorning Trends

Weekly Moves, Breadth & Bonds
Key Points: 1- As of now, the SPX is set to notch its second weekly decline in the last three weeks –...
Read MoreLast Licks

SPX Holds, but Breadth Worsens
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLK Technology 5- Best &...
Read MoreMorning Trends

SPX, Germany, Japan & Bitcoin
Key Points: 1- With the SPX coming off two days of small price movement, it has the chance to form another...
Read MoreLast Licks

Holding… on Light Participation
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLRE Real Estate 5- Best...
Read MoreMorning Trends

Drawdown Scenarios
Key Points: 1- The SPX’s comeback to conclude June keeps alive the potential for another continuation...
Read MorePostScript

June & Q2'23
Topics Covered: 1- July SPX After +10% First Six months 2- Rest of Year after Strong First Six months...
Read MoreLast Licks

Baton Passed Back to Value
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLF Financials 5- Best &...
Read MoreMorning Trends

Indicator Check-Up
Key Points: 1- The SPX has routinely hit the upper band of the daily Bollinger Bands in 2023. It literally...
Read MoreMorning Trends

"Who Cares? It's Going Up"
Key Points: 1- In a Twitter poll I ran yesterday, 70% of the respondents were bullish; 30% were bearish. ...
Read MoreLast Licks

Growth's Turn
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLC Comm Services 5- Best...
Read MoreMorning Trends

SPX, NASDAQ, High Yield Bonds & Bitcoin
Key Points: 1- The SPX has stayed above the 50-Day MA late March, easily the longest streak above the...
Read MoreLast Licks

Growth Falters; the Field Holds
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLE Energy 5- Best &...
Read MoreMorning Trends

Trends Trend
Key Points: 1- The SPX comes into the last week of the year’s second quarter +4% for June, +5.8% for...
Read MorePostScript

Week Ending 6/23/23
Topics Covered: -Weekly Performance -SPX Weekly Chart -Weekly Breadth –Best 20 ETFs: Ethereum –Worst...
Read MoreMorning Trends

The Real Trend
Key Points: 1- The recent pause has taken place after one of the SPX’s biggest weekly advances we’ve...
Read MoreLast Licks

Losing Streak Over Thanks to…
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLY Consumer Discr 5- Best...
Read MoreMorning Trends

Framing the Pullback
Key Points: 1- The SPX comes into Thursday trying to avoid its first 4-day losing streak since May 1-4. ...
Read MorePostScript

Week Ending 6/16/23
Topics Covered: -Weekly Performance -SPX Weekly Winning Streaks, Weekly Chart -Weekly Breadth –Best...
Read MoreMorning Trends

Big Weekly Moves
Key Points: 1- The SPX could log its second 3% weekly move this week of 2023. For some context: in...
Read MoreMorning Trends

The Real Reaction
Key Points: 1- Seeing the 10-Year Yield move materially higher into the next FOMC meeting would encourage...
Read MoreLast Licks

Felt Like a Fed Day
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLK Technology 5- Best &...
Read MoreMorning Trends

The Expected Pause
Key Points: 1- Since last July, the 10-Year Yield was noticeably lower two weeks after a FOMC decision...
Read MoreLast Licks

Broad Participation
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLF Financials 5- Best &...
Read MoreMorning Trends

Oscillating Between CPI Dates
Key Points: 1- Since November’22, the SPX has alternated gains and losses in the four-week periods between...
Read MoreLast Licks

Growth Leads in front of CPI
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLI Industrials 5- Best &...
Read MoreMorning Trends

Biggest Week Since mid-December
Key Points: 1- The last time both CPI and the FOMC occurred during the same week was December’22– CPI...
Read MorePostScript

Week Ending 6/9/23
Topics Covered: -Weekly Performance -SPX Weekly Winning Streaks -Weekly Breadth –Best 20 ETFs:...
Read MoreMorning Trends

Chart Rundown
Key Points: 1- From trough to peak, the SPX is +23% in about seven months. It logged a near 20% advance...
Read MoreMorning Trends

How Long Can the Perfect Rotation Last?
Key Points: 1- The RSP Equal Weight S&P 500 ETF (+0.74%) outperformed the SPX (-0.38%) by 1.12% yesterday....
Read MoreMorning Trends

The Risk of Strong Internals
Key Points: 1- Yesterday, the RSP Equal Weight SPX ETF made a new 20-Day High, and the SPX did not. 2-...
Read MoreMorning Trends

Market Update
Observations: ETFs The big gainers have outnumbered big decliners by a large margin all day. ETF...
Read MoreMorning Trends

What Hitting the Latest Pattern Target Means
Key Points: 1- The SPX comes into Tuesday after achieving its latest upside pattern target near 4,300. ...
Read MoreLast Licks

Bad Close after SPX Hits Target
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLC Comms Services 5- Best...
Read MoreMorning Trends

Two Straight 1% Gains
Key Points: 1- The SPX’s 14-Day RSI ticked to 69 in early February; it finished at 66 on Friday. More...
Read MorePostScript

Week Ending 6/2/23
Topics Covered: -Weekly Performance -SPX Weekly Winning Streaks -Weekly Breadth –Best 20 ETFs:...
Read MoreMorning Trends

Screening for Breakouts
Key Points: 1-A recent stock/ETF bullish screen we ran kicked out 56 ETFs. The most interesting part...
Read MoreLast Licks

Solid Start
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLY Cons Discr 5- Best &...
Read MoreMorning Trends

A Closer Look at XLK Technology
Key Points: 1- XLK saw its 14-Day RSI hit 76 early yesterday. That was the highest mark since November’21...
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No Change…
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLK Technology 5- Best &...
Read MoreMorning Trends

Overbought vs. Oversold
Key Points: 1- Last Friday’s +1.3% gain triggered the SPX’s bigger bullish pattern for the second time...
Read MorePostScript

Week Ending 5/26/23
Topics Covered: -Weekly Performance -Weekly market map -Weekly Breadth –Best 20 ETFs: SMH Semis...
Read MoreMorning Trends

Not Historically Extreme
Key Points: 1- The NDX/Willshire 5k Index is stretched on the daily chart, as the 14-Day RSI is near...
Read MoreBreaking Out

One for the Ages
Topics reviewed in tonight’s video: Semis: NVDA MU SMH SPX: 100-Day Study Chart Patterns ...
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When Breakouts Work
Key Points: 1- NVDA was among one of the first stocks to break out of a multi-month base back in January. ...
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More Digestion
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLF Financials 5- Best &...
Read MoreMorning Trends

Taking a Punch
Key Points: 1- The SPX’s latest breakouts no longer are live; the pattern breakout from 3/31 remains...
Read MoreLast Licks

Important Action Beyond the SPX
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLP Consumer Staples...
Read MoreMorning Trends

Market Internals
Key Points: 1- While leadership has been top-heavy recently, the SPX’s cumulative adv-dec line has been...
Read MorePostScript

Week Ending 5/19/23
Topics Covered: -Weekly Performance -Weekly market map -Weekly Breadth –Best 20 ETFs: SMH Semis...
Read MoreMorning Trends

The Market is Always Right
Key Points: 1- Yesterday, Growth stocks ripped higher on a day that both interest rates and the dollar...
Read MoreLast Licks

New 52-Wk Highs… For Tech
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLC Comm Services 5- Best...
Read MoreMorning Trends

Bullish Patterns & Overbought Readings
Key Points: 1- With the SPX coming off its second 1% gain of May, it’s getting close to triggering the...
Read MoreLast Licks

Pinball Action Continues
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLC, XLK, XLY 5- Best &...
Read MoreLast Licks

A Lot of Red
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLE Energy 5- Best &...
Read MoreMorning Trends

Q2 2023 vs. Q2 2021
Key Points: 1- From January’22 through March’23, the SPX’s LEAST amount of monthly +/-1% moves were EIGHT...
Read MoreLast Licks

Good Closes Continue
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLK Technology 5- Best &...
Read MorePostScript

Week Ending 5/12/23
Topics Covered: PostScript: -Weekly Performance -Weekly market map -Weekly Breadth –Best 20 ETFs:...
Read MoreMorning Trends

The Q2 Trading Range
Key Points: 1- With the SPX is -0.14% for the week, the index could log its sixth straight absolute weekly...
Read MoreBreaking Out

Stuck... for Now
Topics reviewed in tonight’s video: SPX: Short-term indicators Sector Performance & Breadth...
Read MoreMorning Trends

Technology Focus
Key Points: 1-Yesterday, XLK Technology made a new 52-week high and marginally broke out from a multi-week...
Read MoreLast Licks

Afternoon Update
SPX Brief Comments The back-and-forth movement continues, with the SPX and many ETFs are off their lows,...
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Testing Key Levels
Key Points: 1- The SPX has altered gains and losses two weeks post the CPI report the last six times,...
Read MoreLast Licks

Still Calm…
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs 5- Best & Worst 20 ETFs...
Read MoreMorning Trends

Mixed Market Messages
Key Points: 1- Which better describes the market? That we saw two HUGE daily moves during last week’s...
Read MoreLast Licks

Slow Monday
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLC Comm Services 5- Best...
Read MorePostScript

5 Straight Small Weekly Moves
Topics Covered: PostScript: -Weekly market map -Weekly Breadth -Best 20 ETFs: MSOS Cannabis -Worst...
Read MoreMorning Trends

After Four Straight Declines
Key Points: 1- While the SPX’s pattern work has been quiet lately, potential bullish AND bearish formations...
Read MoreBreaking Out

Breakouts & Breakdowns
Topics reviewed in tonight’s video: SPX: Short-term indicators Potential Bearish Pattern Daily...
Read MoreMorning Trends

Chart Rundown
Key Points: 1- This is the SPX’s fourth losing streak of at least three in 2023. The difference this...
Read MoreMorning Trends

The Most Anticipated…
Key Points: 1- The 10-Year Yield has moved sideways for nearly eight weeks now, which is the flattest...
Read MoreLast Licks

Elevator Down, Escalator Up
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLF Financials 5- Best &...
Read MoreMorning Trends

Momentum, Sentiment & Breadth
Key Points: 1- The SPX’s two-hour RSI chart has done well at depicting short-term extremes in recent...
Read MoreLast Licks

Slow Start
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLY Consumer Disc 5-...
Read MoreMorning Trends

The May Setup
Key Points: 1- In the 13 years in which the SPX logged 1% gains in both March & April since 1970,...
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Mostly Red
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLK Technology 5- Best &...
Read MoreMorning Trends

Post-Shock
Key Points: 1- Seeing the SPX’s latest breakout attempt being potentially wasted would be discouraging,...
Read MoreMorning Trends

Weighing the Evidence
Key Points: We expand on each of these below: Bearish 1- Sentiment remains stretched 2- Breadth: fewer...
Read MoreLast Licks

SPX Still Sleeping
Topics Reviewed: 1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLE Energy 5- Best &...
Read MoreMorning Trends

Last Week’s Small Move Wasn't Meaningless
Key Points: 1- The SPX comes into April’s final week up 59 bps for the month and having just logged its...
Read MorePostScript

Week Ending 4/21/23
Topics Covered: 1- SPX: -10bps Weeks 2- Breadth 3- Best 20 ETFs 4- Worst 20 ETFs 5- Major Indices 6-...
Read MoreMorning Trends

Pausing… for Now
Key Points: 1- The SPX has been confined to an upward sloping channel since the March lows. It’s very...
Read MoreBreaking Out

Too Quiet?
Topics reviewed in tonight’s video: 1- Volatility Study 2- VIX 5-Wk 30% Declines 3- Sentiment 4-...
Read MoreMorning Trends

April's First Test
Key Points: 1- The SPX has some wiggle room after the recent upswing. It remains 2.4% above its most...
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