Video – Further qualifying summer rally
In this short video we review our summer rally signal and what it is now suggesting…
Read MoreBearish sentiment lower for the third week
Retail investors were less pessimistic about the equity market, with bearish sentiment slipping to the lowest level in eight weeks.
Read MoreQ2 GDP contracted 0.9%
Out this morning was the initial estimate of Gross Domestic Product (GDP), and it showed the economy contracted in the second quarter of 2022, meeting the standard technical definition…
Read MoreStaying with the game plan
The acknowledgement of the economic slowdown and less hawkish tone from Fed Chair Jerome Powell helped rally the S&P 500 (SPX) by 2.6%.
Read More% of stocks above the moving averages
The percentage of S&P 500 Index (SPX) stocks trading above the 10 & 50-day moving averages were higher with yesterday’s 2.62% rally in the SPX.
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