Bullish sentiment ticks higher for the second week
Not much change in market sentiment this week, with the percentage of retail investors bullish rising by less than 2 points.
Read MoreUPDATE: We recently qualified the SPX bounce potential (and what happens after) based on recent severe weakness in the BKX
Just as a reminder…as per the post on 3/21/23…this rally is exactly what is supposed to happen following swoons in the KBW Bank Stock Index (in bold below). Our…
Read MoreInitial jobless claims hold below 200k
The jobs market remains resilient, with initial jobless claims remaining below 200k for the third consecutive week.
Read More4 Key tactical indicators
Yesterday’s market surge brought our more sensitive tactical indicators into overbought territory, here are Wednesday’s closing levels:
Read MoreEarly Thursday look
S&P equity futures are trading above Wednesday's close amidst positive sessions in Europe and Asian overnight.
Read More