Saturday, May 18, 2024

Historically the Worst Month of the Year

Short-Term: Last week, as expected, the market popped on a jobs report miss. We also did see another small 1-2% pullback into the July range....

The Bear Train?

Prior week’s recap: Last week we noted it will be a good week to glimpse what the big boys are thinking - and glimpse we...

Weekend Update

Some volatility came back to the market this week. We hit my 211 target right off the gate on Tuesday and closed the week...

250?

Short-Term: Last we saw a resurgence of strength after about a month of weakness. The breakout came from yet another flag formation. Unless we see...

Bear Attack

Prior week’s recap: As expected we saw the bear attack last week. Bears were stuck early in the week but the push up on Tuesday...

S&P Testing All Time High

Short-term: Bulls are still firmly in control and once again, showed some renewed strength to close out the prior week. There is also still a...

Weekend Market Update – 4th and Inches

Prior week’s recap: Last week went exactly as we expected. We had the slow day on Monday, then a pullback on Tuesday and Wednesday. Finally,...

Still in the Triangle

Last week, we further consolidated in the Triangle. Bears did win the week, but statistically both sides still have equal chances. We currently think...

2600

In our last update we nailed the 256 target and then once again the Bulls took back control as expected. Last week, with the...

April Showers?

Short-Term: Last week we saw the test of the 232 trend line on Monday and we rallied into the end of the week. The rally...