Looks like markets may be a bit over-bought to start the week. If you’d like a way-too-detailed discussion of what this means, this blog is for you.
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
One of the challenges of technical analysis is confirming a change in trend. It’s easy to spot after it’s happened. But spotting a trend change while it’s happening is a calculated risk. The data may indicate something, but the future is not written. So essentially, it’s a fancy rationalization of the future, a.k.a. a guess. […]
The trend of all-time-high after all-time-high seems to be flattening significantly. Too early to call, but multiples have already started contracting.
So the markets got what they thought they wanted: more stimulus. Now what? From a technical perspective, it’s unclear. While the S&P 500 set an all-time intra-day high last Thursday, the pricing pattern does not yet appear to be a significant break-out. In fact, when the bill crossed Biden’s desk on Friday, markets barely managed […]
Don’t look now but the trend that was established back when the first vaccine was announced seems to be in jeopardy. The S&P 500 has been marching its way toward 4000 for weeks now. Of course, this is nothing terribly remarkable in and of itself. Given enough time, the probability of the S&P 500 reaching […]
There will be more… but at least there’s a picture for now: IMPORTANT DISCLOSURE INFORMATION Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including […]
Markets have been on a wild ride for the past two weeks. The S&P 500 fell from its all-time highs down to its 50-day moving average, only to rally back to all-time highs again to close out last week. At this point, the momentum is still intact. So the trend continues: higher. As with all […]
Despite the give-back last Friday the S&P 500 managed to print another all-time high last week. So the trend toward 3900 continues. Now the only question is, will we actually see the stimulus?… IMPORTANT DISCLOSURE INFORMATION Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees […]
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