For all the pain 2020 has caused, it looks like there may be one more gift this year: a Santa Clause Rally? Let’s skip the suspense of fundamental musings – after all, none of us can predict the future. instead, we’ll look at the quantatative data. What’s it suggesting may play out? The technical pattern […]
Looks like Holiday Season unofficially opens today. Will a Santa Claus Rally be coming to town?
Looks like markets are poised to challenge their all-time highs
Update: Since posting this only a few minutes ago the futures have exploded on optimism over a vaccine. Technicals are out the window – this market is operating on raw emotion and hope at this point. Original blog (prior to folks going bananas): While the ink is not formally dry (because, technically, there are still […]
Don’t expect nuanced technical analysis this week. It’s an election, and volatility is high. Trying to guess the direction this thing is headed won’t be easy.
Looks like the up-trend may pause until after the election
The markets seem more interested in stimulus than the election. Is there enough good news out there for the S&P 500 to push toward the new highs near 3700?
With the government looking to give out more free money, the markets may get another shot in the arm.
What if things were actually getting better?
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% […]
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 […]