% above 10-day moving average points to pullback
The recent ramp in the S&P 500 Index (SPX), has pushed the index up a healthy 9.5%, off the intraday low in December. Most of the underlying components of the…
Read MoreThe recent ramp in the S&P 500 Index (SPX), has pushed the index up a healthy 9.5%, off the intraday low in December. Most of the underlying components of the…
Read MoreThe National Federation of Independent Businesses (NFIB) released their small business optimism index this morning and it showed business confidence continued to cool last month. For the month of December,…
Read MoreYesterday, we highlighted the 2019 Tactical Playbook, that includes a Reflex rally, then retest of the 12/2018 low, followed by new highs. The equity market decline since the September peak…
Read MoreThe prior 3 non-recession market crashes of 20% in under 4 months since 1950 saw the following: 1987: +18,8% in 13 days 1998: +13.4% in 15 days 2011: +11.6% in…
Read MoreLast year began with a global synchronized recovery, historically low volatility, extreme bullishness, a ramping economy, and the potential for greater than 20% S&P 500 (SPX) operating EPS growth. We…
Read MoreFollowing a week that saw the markets decline further Monday through Thursday before what we dubbed a reflex rally occurred on Friday, where the S&P rose over 3% in one…
Read MoreThe S&P 500 up 2% in the first 45 minutes, trading higher right out of the gate. The gains are accompanied by strong breadth readings. On the NYSE, volume in…
Read MoreThe nonfarm payroll report out today from the Labor Department showed that nonfarm payrolls (NFP) rose by a whopping 312k in December, blowing past estimates that were calling for a…
Read MoreAfter an ugly day on Thursday where the S&P 500 Index (SPX) dropped 2.5% and closed at the low of the day, stocks appear to be reversing course and S&P…
Read MoreU.S. Treasury 10-year note prices are moving higher and that has been pushing the 10-year yield lower. The yield on the 10-year treasury is down 6 basis points today to…
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