The chart posted is that of the RSP Equal Weighted sp 500 I feel the date of jan 27 was the top in the Bull phase and a very neg phase is apond us for 5.8 to 6.1 weeks
The chart posted is the alt wave structure . there is a cycle low due 12/16 and odds favor the last grasp up into jan 3/10 . I still need time for the 2023 forecast as it is a very neg cycle I am working on the time spirals still and it take hours to back check the data back to 1902 . So for now I still feel that we are now in dec late...
IHAVE NOW COVERED ALL NET SHORTS .I am now moving to a net LONG AT 50 TO 75 % as of this morning . In fact TROW model told me we would see this sharp drop into cycle low due now TROW also dropped to a perfect .618 at todays low at 109.40 the low 109.18 I am net long and out of any shorts at this point BEST OF TRADES WAVETIMER I will be posting the...
$SPX posted its second consecutive week of gain (+3.95%), reclaiming its 50-day moving average (declining) during the week. $SPX is currently 5.6% away from recapturing its 200-day moving average.
There is a growing belief among market participants that the Fed will soften its approach after the November meeting. The policy move from the Bank of Canada this week...
$SPX (S&P 500) vs $RSP (S&P 500 Equal Weight) – (Net High/Low +17)
The stock market came into this shortened week of trading on a three-week losing streak. It looked on Tuesday as if that streak might be extended to four weeks, but there was an abrupt turn in sentiment that powered a strong move in the major indices over the last three sessions from 3,900 support...
The market as a whole needs this rally to have healthy breadth and so far that's what it looks like is happening, a broad-based rally.
It closed above its 200 DMA for the first time since April 21st (albeit by just 13 cents) which is also when the downtrend started. The downtrend has been thoroughly broken.
Looking for 2-3 more strong daily closes above the...
I expect some continuation from this recent rally. The percentage of SPX stocks trading above their 50-day MA is now bouncing from being too far below the lower band of the channel I have defined.
Annotated on the chart are the previous times it significantly breached the lower band.
MACD histogram turning green with MACD line curling up for a cross. RSI...
Enjoy this picture . And REMEMBER who told you the top 2020 and low hey its the same guy who said dec2021 in the forecast for 2022 also told you to be ready and go 90% net long at the LOW . watch OCT 4 th week you have not seen anything .have a good week I did
$SPX fell further with a loss of -1.58% last week, driven primarily by worsening Russia-Ukraine developments. Risk sentiment was further pressured by disappointing growth-stock earnings reactions and lingering concerns about a Fed policy mistake. 10 of the 11 S&P 500 sectors ended the week in negative territory.
With a considerable loss of -1.58% over the week,...
$SPX breached its 200-day moving average, as $SPX upward momentum faltered with a -1.90% plunge on Friday after National Security Advisor Jake Sullivan acknowledged there was a “distinct possibility” that Russia could invade Ukraine before the end of the Olympics.
$SPX ended the market week with a loss of -1.82%. $SPX remains resisted by a Downtrend Line...
The earnings season enters one of its busiest phases this week with tech giants Microsoft ($MSFT), Apple ($AAPL) and Tesla ($TSLA) are due to report. Investors will be seeking reassurance from earnings result after last week’s selloff, but market volatility looks set to continue for now.
Fed Chair Jerome Powell is expected to signal that the central bank is on...
The big story on the emergence of a new strain of COVID-19 in South Africa caused Wall Street’s three main indices ($SPX, $NDX, $RUT) to tumbled on Friday as they re-opened after Thursday’s Thanksgiving holiday with energy, financial and travel-related stocks bearing the brunt of the selloff. The renewal or pandemic fear has outlined as the biggest risk to today’s...
US markets will be closed on Thursday and will close early on Friday for the Thanksgiving holiday.
The market will be paying close attention to Wednesday’s FOMC meeting minutes for fresh insights into the impact of soaring inflation on the future path of interest rates. Markets may also reprice the timing of future rate hikes if President Joe Biden were to...
As U.S. inflation has surged to the highest level in over thirty years, inflation is likely to remain in focus in the coming week with investors looking ahead to the latest U.S. monthly retail sales figures along with earnings results from major retailers, including $WMT (Walmart).
With $SPX (S&P 500) erasing its weekly losses from Friday’s late week rally, the...
As U.S. inflation has surged to the highest level in over thirty years, inflation is likely to remain in focus in the coming week with investors looking ahead to the latest U.S. monthly retail sales figures along with earnings results from major retailers, including $WMT (Walmart).
With $SPX (S&P 500) erasing its weekly losses from Friday’s late week rally, the...
With multiple pressures on the broader economic outlook going into the dog days of summer 2021, a stagnant and uncertain market will lead to bullish investors looking elsewhere for returns. Bonds will not feed the beast. Changes coming to the Ethereum network will better insulate it from concerns around sustainability. For Canadians, ETHC is an investment worth...
RSP is equal weighted S&P vs Obviously SPY
The ratio between these two indicates where money is flowing into or selling out of.
There has been a market shift since Nov 2020 that is now approaching long term resistance.
High flyers like FANGS IPO ARKK SPAC etc... Are getting murdered while boring stocks holding up well.
Winners are usually the last to go and...
