David is BigFoot's Chief Technical Analyst and all-around answer man. He is 97% correct at least some of the time.
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 — […]
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 […]
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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 […]
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.
Markets still show a lot of momentum. So the proverbial adage of ‘sell in May and go away’ could cost you.
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.
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.
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. […]
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