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A Pause… for Some

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLF Financials 5- XLE Energy...

What It all Means for the SPX

Key Points: 1- The CNN Money Fear & Greed Index hit extreme FEAR on Friday, just five weeks after...

Week Ending 3/10/23

Topics Covered: 1- SPX: -4% Weeks Last 30 Years 2- Breadth 3- IWM Small Caps 4- XLF Financials 5- VIX...

Two 1.5% Losses in the Same Week

Key Points: 1- Yesterday’s big down session was the index’s second loss greater than 1.5% of the week...

Head on a Swivel

Key Points: 1- Over the last 18 trading days, the SPX has logged six +/-1% moves and twelve moves of...

Hold

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLP Staples 5- XLRE Real...

1% Declines, Trading Ranges and Breadth

Key Points: 1- Tuesday’s 1.5% decline ended a modest streak of six straight days of no 1% down moves. ...

Downtrend Day

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLF Financials 5- KRE Regional...

New Patterns to Watch

Key Points: 1- We look at two potential pattern scenarios below for the SPX – one bearish and one bullish....

Mixed Action

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLB Materials 5- IWM R2k...

After Two Strong Days

Key Points: 1- The SPX logged its fifth 1% weekly advance of 2023 last week. When the index logged more...

Week Ending 3/3/23

Topics Covered: 1- SPX: 1% Weeks Per Year 2- Breadth 3- NDX 4- XLB Materials 5- RSP Equal Weight S&P500...

The Reversal

Key Points: 9 reasons yesterday’s reversal could trigger a bigger up move.   Select Charts from Last...

Key Levels

In tonight’s video, we’re reviewing: 1- US Dollar Charts 2- US Dollar Study 3- SPX Patterns 4- 10 Year...

Teetering on Key Support

Key Points: 1- An immediate rollover from here would complete the SPX’s latest potential bearish formation....

No Rebound Yet

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLP Staples 5- XLU Utilities...

February'23

Topics Covered: 1- SPX After a +2% February 2- Monthly SPX 3- March Seasonality 4- Monthly Breadth 5-...

Inching into March

Key Points: 1- With the SPX topping on 2/2, the index has been moving lower most of the month.  From...

(Another) Tepid Bounce

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLRE Real Estate 5- BOAT...

Trying to Maintain Higher Lows

Key Points: 1- Thus far, the SPX’s general structure of higher lows remain in place, which has been the...

Week Ending 2/24/23

Topics Covered: 1- SPX: 3-Wk Losing Streaks 2- Breadth 3- MDY Mid Caps 4- XLE Energy & XLV Healthcare...

The Next Move

Key Points: 1- With the SPX getting to within a few points of hitting the 3,965-downside target yesterday,...

Short-Term Oversold

In tonight’s video, we’re reviewing: 1- SPX: 4 Straight Declines 2- SPX: Short-Term RSI 3- Live SPX Patterns...

2023's Defining Trait

Key Points: 1- Limited downside has defined 2023 so far. We’ve talked about this from various angles...

Fourth Straight Decline

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLE Energy 5- NASDAQ 6- NIB...

2% Declines

Key Points: 1- The SPX is coming off its first 2% decline in nine weeks, which is longer than any gap...

Damages

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLY Consumer Discretionary...

Another Flat February… So Far

Key Points: 1- The SPX is flat – literally – for the month at -0.6% with six trading days left.  That’s...

Week Ending 02/17/23

Topics Covered: 1- SPX – Losing Streaks 2- Breadth 3- IWM R2k 4- XLF Financials 5- IWO Small Cap Growth...

Bears' Next Step

Key Points: 1- After yesterday’s 1% sell-off, the SPX now has 16 +/-1% moves for the year (10 up, 6 down),...

Bullish Patterns Being Tested... Again

In tonight’s video, we’re reviewing: 1- SPX: 1% Moves 2- SPX Patterns 3- 200-Day Study 2003-23 4- 200-Day...

Another First...

Key Points: 1- For the first time in nearly 10 months, the SPX’s 200-Day Moving Average TICKED HIGHER...

Still Holding

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLC Comm Services 5- IWM...

Digesting

  Key Points: 1- From a pattern perspective, the current digestive phase has created a rare scenario....

Reversals

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLY Cons Discretionary 5-...

SPX 4,100 Remains the Most Important Level

  Key Points: 1- The recent trend clearly has been positive for the SPX, which is a direct correlation...

Broad Pre-CPI Rally

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLI Industrials 5- XLK Technology...

After a Big Down Week

Key Points: 1- With the SPX coming off its first -1% weekly decline in nearly two months, it will need...

Week Ending 2/10/23

Topics Covered: 1- SPX -1% Week Study 2- Breadth 3- DJIA 4- XLE Energy 5- IWO Small Cap Growth 6- ARKK...

Breakouts Being Tested

Key Points: 1- Yesterday’s continued sell-off nudged the SPX below the 4,090 zone and produced a short-term...

Closing Near the Lows

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLB Materials 5- META...

When Big Up Moves Outnumber Big Down Moves

Key Points: 1- So far in 2023, the SPX has had NINE gains of at least 1% and FIVE declines of at least...

Little Buy Interest

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLC Comm Services 5- GOOGL...

Two Things Needed for a Trend Change

Key Points: 1- Tuesday’s comeback kept alive all three of the SPX’s bullish patterns; a fourth potential...

Roller Coaster

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLF Financials 5- KIE Insurance...

After Two Down Days

Key Points: 1- After two straight declines, the SPX now is back inside the still very steep upward sloping...

The Pause Continues

Topics Reviewed:  1- SPX’s performance, s/t RSI 2- Patterns 3- Breadth 4- Sector ETFs: XLC Comm Services...

Five Straight +/-1% Moves

Key Points: 1- The SPX comes into February’s second week fresh off five straight +/-1% moves – every...

Week Ending 2/3/23

Topics Covered: 1- SPX Study 2- Breadth 3- MDY Mid Cap 4- XLC Comm Services 5- IWP Mid Cap Growth 6-...

Reactions Matter

Key Points: 1- Charts, key levels and comments on AMZN, GOOGL and AAPL appear below. 2- The SPX just...

Three Straight 1% Gains

Topics reviewed in tonight’s video: 1- SPX: 50 Day MA vs. 200-Day MA 2- SentimenTrader: Golden...

Breakouts

Key Points: 1- The SPX now has THREE live bullish patterns. See the details below. 2- The SPX’s Market...

Brief Comments

Topics Reviewed:  1- SPX’s performance, s/t RSI 2- Patterns 3- Breadth 4- Sector ETFs: XLE Energy 5-...

January'23

Topics Covered: 1- SPX After a +6% January 2- Monthly SPX 3- Monthly Breadth 4- NDX, DJIA 5- XLY, XLU...

Big Moves Remain Rampant

  Key Points: 1- With another eight absolute moves of at least 1% this month (and one more day to go),...

Profit Taking

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLK Technology 5- XLC Communications...

Too Good?

Key Points: 1- As we get ready to deal with the onslaught of new data points this week, sentiment surely...

Week Ending 1/27/23

Topics Covered: 1- SPX +1% Wkly Gains in Three of Last Four Wks 2- Breadth 3- NDX 4- XLF Financials 5-...

The Biggest Patterns Have Failed… So Far

Key Points: 1- With the SPX logging its fifth 1% gain of the month (and year) on Thursday, the index...

Impending Breakouts

Topics reviewed in tonight’s video: 1- SentimenTrader: Volatility Across Asset Classes 2- Stock...

The Benefit of Tiny Market Moves

Key Points: 1- The SPX just logged two straight moves less than 10 bps, which could be a  sign of a legitimate...

Fourth Straight Good Finish

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLF 5- KBWB Banks...

MSFT

Key Points: 1- MSFT is one of many stocks to have formed a clear bottoming formation over the last few...

Breather

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLI Industrials 5- XLRE...

+1% Streaks

Key Points: 1- The SPX is coming off two straight gains of at least 1%, which it last accomplished from...

Two Good Days

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLC Communications 5- QQQJ...

The Importance of Good Weekly Closes

Key Points: 1- As we continue to look for ways in which 2023 can be different (and better) than ‘22,...

Week Ending 1/20/23

Topics Covered: 1- SPX Closing Near Weekly Highs Study 2- Breadth 3- DJIA 4- XLC, XLF, XLRE, XLB 5- SPHB...

Key Points: 1-The SPX endured its first three-day loss of 2023 yesterday.  2-The SECOND long losing streak...

SPX 3,900

Topics reviewed in tonight’s video: 1-Dumb Money Indicator 2- SPX Patterns 3- Index Breadth 4-...

Key Points: 1- The SPX’s 1.6% decline yesterday negated the latest bullish pattern. 2- Whether we’re...

Three Important Chart Formations

Topics Reviewed:  1- SPX’s performance 2- Breadth 3- Three important chart formations 4- Sector ETFs:...

Failed Bearish Patterns

Key Points: 1- While the SPX’s bullish formations have taken time to develop lately, it’s just as significant...

Split Decision

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLB & XLC 5- NDX 7-day...

Key Points: 1- The SPX is coming off its best two-week showing (+4.1%) since the two-week period ending...

Week Ending 1/13/23

Topics Covered: 1- SPX Two-Wk Moves of Least +4% 2- Breadth 3- NDX 100 4- XLC, XLI, XLRE 5- IWO Small...

Key Points: 1-The SPX simply needs to move sideways to effectively “break” the popular long-term downtrend...

Bullish Patterns

Topics Discussed: 1-Breakaway Momentum 2-SPX Key Resistance 3-SPX Patterns 4-Patterns 5-Index Breadth...

Key Points: 1- In 2022, the SPX was LOWER two weeks after the CPI report 8/12 times.  2- Many times,...

The Bounce Continues

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLRE Real Estate 5- AMZN...

Key Points: 1- The SPX’s small bearish pattern we’ve been watching was negated yesterday.  Two small...

Key Points: 1- The SPX remains in the same trading range it’s been in for the last month, which began...

Pre-Powell Reversal

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLV Healthcare 5- PJP Drugs...

Key Points: 1- From a price action perspective, the SPX has a chance to do something it hasn’t accomplished...

Week Ending 1/6/2023

Topics Covered: 1- SPX Weekly Streaks 2- Breadth 3- MDY Mid Caps 4- XLC Communication Services 5- PKW...

Key Points: 1- The US Dollar’s long-term chart has suggested the current price level was a likely spot...

Rangebound... for Now

Topics reviewed in tonight’s video: 1-SPX: consecutive down years 2-SPX: Patterns 3-SPX: 20 Day...

Key Points: 1-While the SPX has remained quiet, 16 key ETFs we track made new 20-Day Highs yesterday....

Big Moves Outside of SPX

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLF Financials 5- SIL Silver...

Key Points: 1-Tracking the frequency of large moves gives us important clues about the market’s trading...

Slow Start

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLC Comm Services 5- META...

New Year, Same Trends

Key Points: 1- The SPX has logged successive down years only TWICE since the early 1940s (’73-’74 and...

Key Points Two overriding themes were prevalent in 2022 from a technical viewpoint: 1-The traditional...

Bad Start, Good Bounce

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLV Healthcare, XLE Energy...

Key Points: 1- The most successful bearish patterns in ’22 have taken shape soon after the SPX has come...

Oversold Bounce

Topics Reviewed:  1- SPX 1% gains 2- Patterns 3- Breadth 4- Sector ETFs: XLV Healthcare 5- XLRE Real...

  Key Points: 1- Four-day declines happening after preceding big drawdowns led to the best long set-ups...

Morning Trends:  AAPL   Key Points: 1- From its late November high, AAPL now is -14%, which makes it...

Downside Follow Through

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLY Consumer Discretionary...

Key Points: 1- The SPX is coming off its seventh two-week -5% decline of the year and the first in three...

Week Ending 12/16/22

Topics Covered: 1- SPX -5% over 2-wks study 2- Breadth 3- NDX 4- XLE Energy and XLY Consumer Discretionary...

Key Points: 1- Whatever today’s result is… it will have repercussions from a pattern perspective. ...

The Real Reaction

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLK Technology 5- S&P...

Key Points: 1- Back and forth movement has defined the market action more than anything else going back...

Flat

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLC Comm Services 5- New...

Key Points: 1- This is the first time in 2022 that an FOMC rate decision followed a CPI report the very...

SPX 4,100

In tonight’s video, we’re reviewing: 1-SPX’s -3% weeks in ‘22 2-SPX’s -3% weeks per year 3-Performance...

Key Points: 1- Even though the SPX tacked on 350 points from the close on 11/09 to its recent high on...

Big Moves before the Big Number

Topics Reviewed:  1- SPX’s performance 2- VIX +9%, SPX +1% on same day 3- Breadth 4- Sector ETFs: XLK...

Key Points: 1- Since the day after Thanksgiving, the SPX is down 8/10 days, which turned a potential...

Week Ending 12/09/22

Topics Covered: 1- SPX -3% weeks study 2- Breadth 3- DJIA 4- XLE Energy and XLRE Real Estate 5- IWO Small...

Key Points:  1– We have two full trading days left before the CPI report, and the SPX once again...

Key Points: 1– The SPX now has endured five-day declines six times in 2022.   Of the prior five,...

No Bounce

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLV Healthcare 5- Healthcare...

Key Points:  1– The SPX just logged its second straight 1% decline for the 13th time this year....

Two Tough Days

Topics Reviewed in Tonight’s Video: 1-SPX’s two straight 1% declines 2-Now vs. prior comeback attempts...

Key Points:  1– In our Morning Trends piece from 11/25, “All Eyes on Mid-December,” we discussed...

Second Straight Big Monday Decline

Topics Reviewed:  1- SPX’s performance2- Patterns3- Breadth4- Sector ETFs: XLY Con Discr and XLF Financials5-...

Key Points:  1– A simple and instructive way to track strength and weakness is to view 10 significant...

Week Ending 12/02/22

Topics Covered: 1- SPX’s current comeback vs. others since 20092- Breadth3- NDX4- XLP Consumer Staples5-...

Key Points:  1– The market has done two things rather well in recent weeks: capitalize on important...

Slow Start… for Some

Topics Reviewed:  SPX’s Performance, patterns, breadth, XLP Consumer Discretionary, XRT Retail, ZROZ...

After Two Straight +5% Months

Key Points 1-In today’s piece, we look at what two straight 5% months means going forward, December performance...

Key Points:  1- The SPX’s current 2.2% November advance is right in line with past Novembers that have...

One More Day

In tonight’s video, we’re reviewing Seasonality, Big Daily Moves, SPX Patterns, Breadth, NDX, XLU, XLK,...

Key Points:  1- The SPX’s 14-Day RSI indicator just grazed the 60-area for the third time this year....

Another 1% Decline

Topics Reviewed:  SPX’s Performance, patterns, breadth, XLP Consumer Staples, XLV Healthcare, XLI Industrials,...

Key Points:  1- Just 4/10 of the SPX’s biggest names are up YTD (BRKB, UNH, JNJ and XOM).  7/10 of the...

Week Ending 11/25/22

Topics Covered: SPX, Seasonality, Breadth, DJIA, Sector ETFs above their August Highs, XLV, MTUM, XME,...

Key Points: 1- The final CPI report of the year will be released on Tuesday, 12/13, and the last FOMC...

Key Points: 1- Since 10/13, which now spans 28 trading days, the SPX has seen an equal number of advances...

Big Moves are Back

Topics discussed in today’s video are the SPX’s performance, Breadth, Patterns, XLK, XLI, XLP,...

Key Points: 1- Like the SPX, the VIX has experienced multi-week swings various times this year.  The...

SPX Holds Again

Topics Reviewed:  SPX’s Performance, patterns, breadth, XLU, XLP, XLV, OIH, KIE, PBJ, MGPI, PEP, Lagging...

Key Points: 1-As referenced yesterday, Thanksgiving Week historically has had a positive bias, but in...

Week Ending 11/18/22

Topics Covered: SPX’s weekly moves smaller than +/-1%, Thanksgiving Week performance, Breadth, IWC, XLY,...

Key Points: 1- So far in 2022, the SPX has logged four weekly declines that did NOT undercut the prior...

Down but Not Out

Topics Reviewed:  SPX’s Performance, patterns, breadth, XLK, AAPL, MSFT, biggest moves from the lows...

Key Points: 1- At some point, the SPX’s steep uptrend will be challenged, which perhaps, is happening...

Quietly Testing Important Levels

Topics Reviewed:  SPX’s Performance, patterns, breadth, XLE, VEU (world, ex-US), TLT, ZROZ, ARKK, MSOS,...

Key Points: 1- The NDX was up 1.5% yesterday, having stayed above its breakout zone now for three straight...

Market Update 11/15/22

Topics discussed into today’s video include: SPX’s +5% weeks now vs. 2009, Breadth, Patterns now...

Key Points: 1-In 2009, the SPX’s momentum materially shifted after logging that fourth 5% week.  This...

Breather

Topics Reviewed:  SPX’s performance, patterns, breadth, XLC, XLY, overbought ETFs, ETFs making new 50-Day...

Key Points: 1-The SPX just logged its third week of at least +4% gains in a four-week time frame.  Since...