Well, the first quarter of 2026 is over ,and April Fool’s day is behind us, so let’s remind ourselves of how the markets have behaved so far this year. After a slow grind to new highs through January, US Equities, as represented by the SPX (S&P 500 Index), have pulled back ~ 10% through February […]

Although US equity markets were a little jittery (read volatile) over the last week it was essentially a period of consolidation with the SPX (S&P 500 Index) making more new highs and closing the week ~0.6% higher than last week’s close:

Another bullish week in the US Equity markets with the SPX (S&P 500 Index) again making new all-time highs: Prices closed at ~7400 (50% Fibonacci extension from the March Pivot low) that I had identified last week as the next potential area of resistance – we will see next week whether this level does present […]

Yet another week with new all-time highs in the US Equity markets: After breaking through the potential resistance level of ~7400 on Wednesday, Thursday saw a strong move to the 7500 level where it hit new resistance at this phsychologically important (big round number) level. This may well be an example of a “blow-off” top […]