US Equities returned to their sideways consolidation mode this week: closing only slightly (0.1%) higher than last week’s close. We remain in a bullish uptrend channel but are sitting at the bottom of the channel as we wait to see whether the trend continues or whether we fall out of the channel and see a […]

US Equities bounced a little this week after last week;s ~5% pullback and a test of the June and July highs at ~7600 that is now looking like a level of support: So, we remain in the bullish uptrend channel and possibly looking for new highs – although, with the Fed’s suggestion of possible rate […]

US markets took a break this week with no new all-time highs: The SPX (S&P 500 Index) has pulled back ~1.5% to test previous highs at ~7620 and we will wait to see whether this previous resistance (now potential support) level holds and we continue in the bullish uptrend channel or whether we pullback further […]

It was another bullish week in the US Equity markets with the SPX (S&P 500 Index) again hitting new all-time highs: Despite the 3-month sideways consolidation through May-July (Sell in May and go away ….) we are still clearly in an uptrending market with higher lows and higher highs. Relative to other major asset classes: […]

US Equity markets remain in the sideways consolidation channel that they have been in for the past 3 months – between 7300 and 7600 in the SPX (S&P 500 Index): This is not a good scenario for momentum trading since it can result in a lot of whipsaw trades – so I am being cautious […]