Entries by David Littlejohn

In Between Patterns

Last week failed to close above the 4232.60 level for the S&P 500 setting up an interesting test for this week. Can the SPX push through to new all-time highs this week, or will the index bleed off momentum and shift toward a neutral-to-negative sideways trend? Based on the scientific-wild-ass-guess (SWAG) technique, the evidence — […]

Short (But Important) Week

May is officially in the record books. Now what? Well, since it’s too late to sell in May and go away (and, besides, that’s just a wive’s tale, right?), I guess it’s time to turn the page to June. The talk of the town continues to be inflation. Apparently it’s real. The question is how […]

Confidence Shaken

The NASDAQ has been getting whipped around since mid-February, but last week saw major indexes join in declines. And already the major media narratives is beating the drum of inflation. This is not new news. In fact, had you been in the last forum call, you may recall a warning that inflation and CPI data […]

Signals Remain Positive

While there are some signs the markets are reaching over-bought status, it looks like there may yet be tailwinds to drive the S&P 500 to fresh all-time highs this week.

April 19, 2021

The SPX looks a little over-bought and a negative Monday open may be in the cards. However, the longer-term trend may offer unexpected up-side.

Breath In, Breath Out

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.

It’s a Sign… Maybe

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. […]