Countdown to S&P 500 Downleg
S&P 500 spike into options expiry Friday was predictably rejected, and tech led the daily reversal, joined by communications and … Read more
S&P 500 spike into options expiry Friday was predictably rejected, and tech led the daily reversal, joined by communications and … Read more
S&P 500 sharply recovered from yesterday‘s shallow premarket decline, and surged on ever strengthening sectoral composition. Tech didn‘t lag, and … Read more
No hike FOMC news was sold, yet S&P 500 managed to recover around two thirds of the initial decline – … Read more
S&P 500 proceeded without looking back, and the improvement in advance-decline line approaching 2000 is but one illustration. Having counted … Read more
S&P 500 withstood the initial selling even if bonds didn‘t favor that at all, and real assets weren‘t taking the … Read more
S&P 500 opened with a spike only to lose steam, as tech retreated no matter what Big Tech did, and … Read more
S&P 500 and risk assets embraced the sharp jump in unemployment claims, and both 3m and 6m yields solidly declined. … Read more
S&P 500 was driven lower by a very quick tech reversal that took communications with discritionaries along. That utilities upswing … Read more
S&P 500 followed up my projected path yesterday – dip soon bought, then chop and up, ignoring bearish macro data. … Read more
S&P 500 quickly dipped on NFPs, and was eagerly soon bought. Even 4,283 where I expected some resistance, didn‘t last … Read more
S&P 500 bears made good progress initially as yesterday‘s data confirmed the hawkish Fed takeaway – yet my bond targets … Read more
S&P 500 acted on Tuesday‘s tech internals clue, and its decline into the opening bell and early session was stopped … Read more
Debt ceiling tentative agreement optimism continued into Memorial Day, and S&P 500 opened the Globex session with a bullish gap, … Read more
First 4,136 served as S&P 500 support, then 4,154 – stocks disregarded weak bond market posture, and half of the … Read more
S&P 500 tumbled right through my 4,154 support, reaching all the way to another key milestone of 4,115. Heavy selling … Read more