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- Feed Preview Chad Gassaway, CMT
Summer Swoon or Boom
TECHNICALS: The S&P 500 closed just 22 points below all-time highs at 2941.76 on Friday following a shallow pullback earlier in the week resulting from a rejection of the slowly rising trendlin...
End of Year Seasonality and the S&P 500
We are quickly entering on of the strongest seasonal period of the year. The holiday season leads to increased public happiness which has in turned led to higher markets over history. The thre...
Technical Analysis of the S&P 500
TECHNICALS: The S&P has rallied strongly off the 1867 lows and has moved all the way back to the 61.8% retracement. Yesterday it formed a hanging man candlestick which is being confirmed at t...
FOMC Days and Rate Hikes
Since late 2008 the market has been given extremely low interest rates courtesy of the Federal Reserve. In fact, dating back to 1954, this has not only been the lowest effective rates but also ...
Pitfalls of Virtual Portfolios
Over the past couple years investment advisory newsletters with virtual portfolios have become the popular thing among investors. Every day I come across a website or e-mail claiming outlandish...
Technicals, Seasonality, and Sentiment in the S&P 500
The S&P 500 fell in recent weeks and found support at the trendline on the non-log charts. It then formed a hammer candle on the weekly chart but has yet to show any follow through on the bulli...
September Seasonality Breakdown
As we quickly approach the end of a rough August we must look ahead and see what September has brought about seasonally from a historic perspective. September has historically been an extremely...
Internals of the S&P 500 Hitting Extremes
The S&P 500 closed lower by 2.11% today to 2035.73. In fact, based on the data below from Ryan Detrick, CMT, this is the worst loss of 2015. Losses of greater than 2% have tended not to be the...
Is a Bottom in the S&P Near?
The S&P 500 is currently lower by -1.13% to 2060.64 and is nearing the lower end of the range formed since the beginning of March which is attributed to the drop in the Chinese Yuan by headline w...
Weekly Technical Outlook of the S&P 500
The S&P 500 closed at 2103.84, which was a lower close on the day but resulted in gains of 1.16% for the week and 1.97% on the month of July. The weekly chart continues to remain within the ris...
Technicals, Breadth, and Sentiment of the S&P 500
The S&P 500 closed the week lower by -2.21% to end at 2079.65 and gave back nearly all the gains from the prior week. It continues to remain within the well established long term uptrend that b...
Technical Analysis Update on the S&P 500
The S&P is trading lower by -0.55% to 2102.57 and currently putting in a third consecutive negative session. After some expected back and fill that was previously mentioned here , the S&P is ne...
Apple Earnings Suggest an Upside Move
Apple will release earnings after the bell today with expectations of $1.80 EPS and $49.26 B in revenues. The company has shown a strong track record in recent history, beating expectations ove...
Decreasing Reward to Risk Ratios Over the Short Term
The trend of the S&P 500 continues higher on the weekly charts but the daily is now nearing a confluence of levels of resistance following a 70 point rally from lows. From a risk management per...
The Market Has Work To Do
The S&P 500 has once again rallied off the lower trendline of the rising channel we have mentioned on a number of occasions. It did so while putting in a hammer candlestick on the weekly chart ...
A Look At The S&P 500
The daily chart of the S&P 500 shows a failed ascending triangle pattern. Following the failure, a backtest of the broken trendline rejected the market and we have now put in lower lows which p...
Backtests on a Bearish Day
As of writing this the S&P 500 is trading lower by 1.33% to 2073.62 following surprise headlines out of Greece over the weekend. A lower close, which is all but assured, would lead to the fourt...
Outlook for the S&P 500
TECHNICALS: The S&P 500 continues to chop along within the ascending triangle that began forming in late February. On the bright side, the longer that we remain in this patter the closer we a...
Possible Buying Opportunity Ahead
The S&P 500 is on pace to close lower for the second consecutive session. Should we close lower tomorrow, this would be three consecutive lower sessions heading into the FOMC meeting and may be...
Why Bearish Complacency Could Take Us To New All Time Highs
The S&P 500 continues to trade within the range that has formed since the beginning of March. Since the last post, little has changed but there are clues that a move could be brewing. Therefo...