Don’t look now but the BigFoot Database is turning bearish. Both the S&P500 and Nasdaq flipped sell signals in the last few days. Only the DJIA still shows a buy. There’s been a 25% reduction in the number of long positions for the BigFoot database, as the system has silently declined from close to 85% […]
Author Archive for: davelittlejohn
About David Littlejohn
David is BigFoot's Chief Technical Analyst and all-around answer man. He is 97% correct at least some of the time.
Entries by David Littlejohn
The SPX looks set up to recover from last week’s pull-backs, but don’t expect it to re-claim all-time highs.
If I had to guess, I’d say buy the dip… but maybe not until next week. (But because we’re pro’s we can’t make recommendations without all kinds of blow-back, so this is NOT investment advice, and I’m not suggesting you actually do this – I’m just, ya know, throwing it out there in the ether […]
Last Friday finished at all-time highs for the SPX. Today, Futures look to open flat. Tech giants continue to drive this market higher. The rest of the market may even be starting to gain a bid. But there’s an elephant (and a donkey) in the middle of the room: the election. A lot of folks […]
Keep doing what you’re doing (until it’s a bad idea)
Despite the soft finish last week, the overall trend for the S&P 500 remains positive. In fact, it was really close to breaching its all-time high last week. And, as of now, futures indicate it should hit new all-time highs Monday. The trend appears to be all that matters right now. How is the trade […]
Perhaps the biggest challenge of the day is separating fact from opinion. Indeed, most stock market analysis is just opinion. Sure, the fundamental data is real. Earnings are earnings. Projections are projections. So, numbers be numbers. But what does the data tell us? And how does it inform as to where the markets are headed? […]
The S&P 500 is nearing a significant resistance area this week.
This week could set the trend for the next 13 weeks in the markets.
The SPX looks poised to test its 6-week high
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