Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: The S&P 500 had another positive week, advancing +1.1%, and the Nasdaq 100 +0.6%. Also, importantly, the number of stocks advancing (blue line) caught up with the S&P 500. That hadn't been the case over the past couple of weeks, and I flagged it as a warning in last week's … [Read more...] about Weekly Update – January 24th, 2024
Weekly Update – January 19th, 2024
Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: The week finished quite bullish, with the S&P 500 hitting all time highs +1.2%, and the Nasdaq 100 +2.9%. But notice how the number of stocks advancing (blue line) have been declining while the S&P 500 is making new all-time highs. Healthy stock participation is needed for … [Read more...] about Weekly Update – January 19th, 2024
Weekly Update – January 12th, 2024
Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities made up for last week's losses, with the S&P 500 +1.8%, and the Nasdaq 100 +3%. Interestingly, equities closed even after the most important events, CPI on Thursday, and PPI on Friday. And while this equities response looks really good, I'm getting concerned about what … [Read more...] about Weekly Update – January 12th, 2024
Weekly Update – January 5th, 2024
Hey everyone, I hope you had a great week, and wish you a happy new year. here's a quick recap of last week's plan: The S&P 500 down - 1.5%, and the Nasdaq 100 down -3%. Despite this fall though, more stocks were making new highs than net lows. Which is bullish overall, and reflects my bullishness over the intermittent timeframe. Over the short term, however, … [Read more...] about Weekly Update – January 5th, 2024
Weekly Update – December 29th, 2023
Hey everyone, I hope you had a great week, and wish you a happy new year. here's a quick recap of last week's plan: Equities closed the week positive - the S&P 500 & Nasdaq 100 each rose 0.3%. The gains were higher, but equities were sold off at Friday's open. The S&P 500 broke below the longer term trend line I mentioned last week. Here is last week's … [Read more...] about Weekly Update – December 29th, 2023