As I mentioned in last week’s Derby post this will be the last weekly review of this “short term” test to compare the impact of using different selection criteria for picking assets from the same ~100 candidate list of diversified assets. The differences in selections for each portfolio result from the use (or not) of cluster analysis […]

US equity markets (as represented by the S&P 500 Index, SPX) were up ~1.2% in the past week after bouncing off the 50% Fibonacci retracement support level (~2065) on Tuesday. The index is still trading around the center of the sideways channel (grey shaded area) that it has been in for the past 6 months: Investors […]

The 2135 level again presented too much resistance to the SPX and the (S&P 500) index fell ~2.2% from last week’s close: The SPX is presently sitting at the 38.2% Fibonacci retracement level and this could provide support. Although not a major retracement level this has provided support two or three times in the past […]

Despite Monday’s big move down, US equity markets recovered ~50% of the loss to end the (shortened) trading week down only a little over 1%: However, the SPX did break convincingly through the lower band of both long and intermediate term bullish channels to test the 195 EMA and the 50% Fibonacci support levels before bouncing […]

Another sideways week in US equity markets with the SPX closing down slightly from last Friday’s close. With this continued sideways movement we are now sitting at the lower boundary of the long term (~6 year) bullish channel so we will see whether this acts as support for a continuation of the long term uptrend […]

Despite Wednesday’s big move up in the US Equity markets the SPX closed the week essentially flat compared with last week’s close and we remain in the sideways consolidation pattern that we’ve been in for the past 3 months: Our Hawking “horses” all made a little progress in the past week and all outperformed the […]

After reaching new all-time highs last week, the SPX closed down ~0.9% from last week’s close and we’re still stuck in the sideways/slightly bullish consolidation range that we’ve been in for the past 3 months. The historically strong post Memorial Day rally did not develop and US equities were down heavily on Tuesday: Our Derby “horses” […]

There was a little less volatility this past week with the SPX up slightly from last week and hovering near all time highs after weakly breaking through the ~2120 resistance level. With the day after Memorial day being a bullish day, historically, we might well see a push to new highs next week – well have […]