Trend Trading with January’s 6-Month Calendar Range Reset!
We are super excited to announce that today starts the official January 6-month calendar range.
As you can see in the chart for Apple, the...
Will The S&P 500 Decline To 4300 By End Of February?
We kicked off the new year of 2024 with an overheated stock market, excessively bullish breadth indicators, and euphoric sentiment levels. While the first...
Is Copper About To Send A Macro Economic Message To Investors?
After peaking in 2021, copper prices declined sharply before bouncing around for a few years. That "bouncing" ended up following the twists and turns...
Recapping This Week’s Daily Market Insights
I began the week focused on bank earnings, which we will wake up to tomorrow.
In that Daily, I wrote, “one can assume that bank...
S&P 500 Forecast for Q1 2024: The Bearish Elliott Wave Case
The decline we drew on the chart last week for the iShares Russell 2000 ETF (NYSEARCA:IWM) worked as expected. Price moved down into the...
Key Stock Market Indices and ETFs Trading At Breakout Resistance!
After a big year-end rally, the stock market is attempting to consolidate gains in January.
That consolidation has several stock indices and ETFs trading near...
Does S&P 500 Seasonal Weakness Say Danger In Q1?
After a strong Q4 2023, the S&P 500 started 2024 with a whimper! Is this the beginning of a further deterioration for the Nasdaq...
Financial Markets: Reviewing Weeks 1 & 2 and an Outlook for Week 3
Looking at the Economic Modern Family (weekly charts), to date, they all peaked in December.
The Russell 2000, Regional Banks, Transportation and Retail, as far...
Commodities Trade Analysis: Aluminum
On January 17, Alcoa Aluminum will report earnings.
As a main aluminum producer, Alcoa announced cost-cutting measures along with plans to curtail production at one...
Bank Earnings Up: Time to Look at Regional Banks ETF (KRE)
Starting with the Jeffries Group reporting on January 9th, by Friday we will see Bank of America (BAC), JP Morgan (JPM), Wells Fargo (WFC),...
