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I hope you had a great week, here's a quick recap of last week's plan: Equities had a bad week, with the S&P 500 (-2.0%) and Nasdaq 100 (-4.0%). Interestingly, there wasn't any serious data behind this drop, such as CPI or a Fed meeting. Small caps did great, on the other hand, as the Russell 2k finished up +1.9%. The Russell's outperformance explains why more … [Read more...] about Weekly Update – July 19th, 2024

I hope you had a great week, here's a quick recap of last week's plan: Equities ended the week mixed, with the S&P 500 (+0.9%) and Nasdaq 100 (-0.3%). Soft CPI caused massive drop in equity indexes, while hot PPI caused the reverse. The S&P 500 dropped much further after this screenshot. Interestingly, we should have seen the opposite. Soft CPI means that … [Read more...] about Weekly Update – July 12th, 2024

I hope you had a great week, here's a quick recap of last week's plan: Equities had a great shortened week, with the S&P 500 (+2.0%) and Nasdaq 100 (+3.6%). I noted this last week, stating that "I may turn bullish over the short term", due to July being seasonally bullish for equities. Unfortunately, I was hoping for some breadth expansion in the Nasdaq. As you can … [Read more...] about Weekly Update – July 5th, 2024

I hope you had a great week, here's a quick recap of last week's plan: Equities finished down for the first time in 4 weeks, with the S&P 500 (-0.4%) and Nasdaq 100 (-0.5%). The Nasdaq is worse under the hood. Notice how we have had 11 straight days of more stocks making net lows than net highs (purple box). We had a decent correction when this last occurred in … [Read more...] about Weekly Update – June 28th, 2024

I hope you had a great week, here's a quick recap of last week's plan: Equities opened strong and finished positive, with the S&P 500 (+0.6%) and Nasdaq 100 (+0.2%). I have been writing about more S&P 500 stocks being sold (blue box), and this week wasn't any different. More stocks are making net lows, which reiterates my belief that institutional investors … [Read more...] about Weekly Update – June 21st, 2024