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S&P 500 Bulls Stopped at Short-Term Resistance

April 15th, 2018

YouTube Channel – Watch and Subscribe! Yes, the S&P 500 finished the week up 1.99%, but that what not enough to close above the current three week trading range. Goodness gracious, each time lately when the bulls are sitting on the cusp of making some headway, the bears come in and take the wind out of the sale of the bulls. We are about 15 days into a sideways trading range in which we are at the top. The bulls have yet another opportunity to squeeze the S&P 500 to the upside, but they’ll want to do it quick in order to strike fear into the bears that are shorting in the 2675 level. Bull / Bear Market We are still well within the restraints of a bull market. The S&P 500 and MSCI All World (ex-USA) indices are both ahead of treasuries. Between the two indexes, they are just about…

S&P 500 Fails to Trigger Buy

April 7th, 2018

YouTube Channel – Watch and Subscribe! The S&P 500 had a chance to pull off a buy trigger at the bottom of the range this past week. But, within a hair, the trigger was not set and the S&P 500 slid further to the downside. The S&P 500 finished down for the week and we are still above support. If we break support, a measured move would be to about the 2460 level. That is just over 5.5% away from Friday’s closing price. Don’t know if it will break, but if it does, we will look for that area as support. Bull / Bear Market The S&P 500 and All World (ex-USA) Indexes are still in bull markets according to our 12-month momentum measurements. Both indices are pretty much neck and neck with each other with regards to performance. Until we see these indices fall below the 12-month performance of treasuries,…

S&P 500 Holds Support

April 1st, 2018

YouTube Channel – Watch and Subscribe! The S&P 500 finished the short week up just a hair above 2%. The S&P 500 started the week on support and it held. This past week’s bar is an inside bar, which can be considered a buy signal given the context. To help strengthen the case for the bulls we have had three pushes down making a wedge reversal pattern. The bulls still have work to do, but they have some positive action to give them some hope. Bull / Bear Market The S&P 500 closed just a hair above the All-World (ex-USA) index giving the US markets the continued go ahead. Both indices are well above treasuries showing no change in the risk on stance according to 12-month momentum. When we look at another momentum indicator, we are getting some bear warning signals, but they have not signaled as of yet. So, the…

S&P 500 Tests Bottom of Trading Range

March 25th, 2018

YouTube Channel – Watch and Subscribe! Bull / Bear Market The S&P 500 weekly performance proved to all the non-believers that the equity markets are not for the faint of heart. The S&P 500 closed the week down 5.95% after the bell saved the index from additional destruction. Although the S&P 500 has had a very difficult week, it is starting on support for the week. We could see some buying pressure this week causing a double bottom. It is bearish that the week finished on it’s lows, but if we don’t see immediate follow through, it gives credence to the bulls. Index Swings The swing indexes we like are the following: United Kingdom / Japan / Oil / Extended Treasury / Australia / Brazil / International Government Inflation-Protection Bonds / EAFE Value There were a couple of our indexes that performed well this week. They were International Government Inflation-Protection Bonds…

S&P 500 Slides to Short-Term Support

March 18th, 2018

YouTube Channel – Watch and Subscribe! The S&P 500 finished down 1.24% for the week after the dust settled. All said, the S&P 500 was down for the week, but it wasn’t too wild of a ride. The index basically traded down in the beginning of the week and then traded flat for the remainder of it. There was a breakout on the S&P 500 on Tuesday, but it failed just about immediately. Bull / Bear Market Both the S&P 500 and the All World (ex-USA) indices are holding greatly above treasuries. The S&P 500 is holding stronger than the All World Index telling us to focus future endeavors on the US Equity Markets for the time-being. That is why we sold out of some International holdings and started with Large Cap and Growth as a replacement. The spread between the two is about 3.5%, which mainly took place about two…