The S&P 500 rally remains intact, but its narrow breadth and clustering at resistance levels raise questions about durability. Cyclical signals show strength, but divergences warn of fragility if momentum fades.
Long term and intermediate term buy setups increased to nearly one quarter of the 1775 stocks that met minimum price and volume criteria last week. But there were also many sell side setups. Setups are not guarantees. They may move in the direction of…
The S&P 500 rebounded from minor support to test the next resistance cluster, but remains locked in a short-term trading range with no clear sign of the next breakout. The rally is still narrowly based, with small caps and cyclical breadth indicat…
During the week ended Thursday, August 7, out of 1724 stocks meeting institutional price and volume criteria:
Setups:
259 met major or intermediate trend buy setup criteria, of which 91 triggered short term. But virtually all of these were at the…
The market remains in a narrow, liquidity-driven uptrend, fueled by residual cash reserves and dominated by the Mag 7.
During the week ended Thursday, July 31, out of 1650 stocks meeting institutional price and volume criteria:
Setups:
68 met major or intermediate trend buy setup criteria.
175 met major or intermediate trend sell setup criteria.
During the week ended Thursday, July 31, out of 1650 stocks meeting institutional price and volume criteria:
Setups:
68 met major or intermediate trend buy setup criteria.
175 met major or intermediate trend sell setup criteria.
FREE REPORT –
The S&P 500 has rallied relentlessly to all time highs for 3 months. A broad based bull? Nope. Mostly Mag 7. Or rather, Towering Two.
Here’s a graphical essay that speaks for itself.
Screen results this week finally reversed the recent string of small losses as I continued to utilize weekly charts and signals to select picks, as opposed to using triggers from only the most recent day.
The market remains in a narrow, liquidity-driven uptrend, fueled by residual cash reserves and dominated by the Mag 7.