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5 Straight Small Weekly Moves

Topics Covered:   PostScript: -Weekly market map -Weekly Breadth -Best 20 ETFs: MSOS Cannabis -Worst...

After Four Straight Declines

Key Points: 1- While the SPX’s pattern work has been quiet lately, potential bullish AND bearish formations...

Breakouts & Breakdowns

Topics reviewed in tonight’s video:   SPX: Short-term indicators Potential Bearish Pattern Daily...

Chart Rundown

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

The Most Anticipated…

Key Points: 1- The 10-Year Yield has moved sideways for nearly eight weeks now, which is the flattest...

Elevator Down, Escalator Up

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

Momentum, Sentiment & Breadth

Key Points: 1- The SPX’s two-hour RSI chart has done well at depicting short-term extremes in recent...

Slow Start

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

The May Setup

Key Points: 1- In the 13 years in which the SPX logged 1% gains in both March & April since 1970,...

April'23

Topics Covered: 1- Monthly Track 2- May Seasonality 3- Performance After 1% March & Aprils 4- Monthly...

Mostly Red

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

Post-Shock

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

Shake Up

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLP, XLU, XLK 5- Best &...

Weighing the Evidence

Key Points: We expand on each of these below:   Bearish 1- Sentiment remains stretched 2- Breadth: fewer...

SPX Still Sleeping

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

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...

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-...

Pausing… for Now

Key Points: 1- The SPX has been confined to an upward sloping channel since the March lows. It’s very...

Too Quiet?

Topics reviewed in tonight’s video: 1- Volatility Study 2- VIX 5-Wk 30% Declines 3- Sentiment 4-...

April's First Test

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

UNCH

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: 5- Best & Worst 20 ETFs: ...

Just a Slow Grind?

Key Points: 1- I ran a twitter poll starting yesterday afternoon asking #fintwit users whether the market’s...

The Beat Goes On

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

Another Good Close

Key Points: Two weeks into April, we have seen: 1-A plethora of good closes 2-Smaller daily moves 3-Bullish...

The Bid Continues

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

Now vs. August'22

Key Points: 1- The SPX now has gone 16 trading days without a 1% decline, which is the longest since...

Holiday Trading

Key Points: 1- With the SPX now 10 days removed from its last 1% decline, the odds are high that another...

Conflicting Action

Topics reviewed in tonight’s video: 1- Buying the Dip Study 2- Sector Seasonality 3- SPX Patterns...

SPX 4,200

Key Points: 1- Momentum truly fell apart in April, 2022 when 4,200 finally gave way.   And other than...

Streak Over

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

Getting Short-Term Stretched

Key Points: 1- The SPX will be trying to extend its winning streak to five, which has not happened since...

Long Streaks

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

April

Key Points: 1- The SPX was lower in just TWO Aprils (2012 & 2022) over the last 17 years (an 88%...

March and Q1'23

Topics Covered: 1- SPX After a +3% March 2- After Back-to-Back +5% Qtrs. 3- Quarterly Win Streaks 4-...

Quarter End Trends

Key Points: 1- Notwithstanding a huge roll-over today, the SPX will avoid back-to-back monthly declines...

Leveraging the Move

Key Points: 1-While the big daily moves continue to suggest a risky trading environment, higher lows...

The Latest 1% Gain

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLK Technology 5- NDX 6-...

Another Chance

Key Points: 1- While the SPX has failed to extend beyond its breakout point yet, it has done a fairly...

Similar Feel

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

Technology & Bonds

Key Points: 1- Recently, XLK Technology has performed a lot better than TLT.  This suggests a mean reverting...

Quiet Mean Reversion

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

Two Straight Weekly Gains

Key Points: 1- The SPX just logged two straight 1.4% weekly gains.  While notching another weekly advance...

Week Ending 3/24/23

Topics Covered: 1- SPX: +1% WEEKS 2- Breadth 3- NDX 4- XLC Comm Services 5- MTUM Momentum 6- SMH Semiconductors...

A Missing Ingredient

Key Points: 1- The SPX’s sporadic winning streaks since 2022 have made for a trying trading environment. ...

Damage Control

Key Points: 1- With the 10-Year Yield having led the Fed Funds rate at every major inflection point over...

Words Matter

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

What Needs to Happen Next

Key Points: 1- The 10-Year Yield was higher two weeks after the FOMC decision three of the last four...

A Few More Hours…

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

Looking for Momentum

Key Points: 1- The SPX’s recent comeback has formed the next potential bullish formation.  A close above...

Break in the Action

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

Two Markets

Key Points: 1- 7/11 Sector ETFs advanced last week, but 60% of the SPX’s components declined. Even more...

Week Ending 3/17/23

Topics Covered: 1- SPX: +/-1% WEEKS 2- Breadth 3- NDX vs. IWM R2k 4- XLF Financials 5- IWF Large Cap...

Boomerang

Key Points: 1- The SPX ripped through the neckline of its bearish pattern yesterday, but we’re going...

Two Way Volatility

Topics reviewed in tonight’s video: 1- VIX +30% Week study 2- VIX Chart 3- +/-1% Moves 2023 vs....

Patterns, Breadth & Seasonality

Key Points: 1- The RSP/SPX relative ratio’s 14-Day RSI indicator plummeted to 14 yesterday, which is...

A Lot Going on

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

1% Moves Just Don’t Stop

Key Points: 1- If we can trust one trend since the start of 2022, it’s that sizable gains AND losses...

Snapback

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

The Reaction Now... and Later

Key Points: 1- The SPX comes into today’s session with the lowest RSI reading (34) on a CPI release date...

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...