This past week, the Bulls pushed through resistance, the apex of the Bearish Wedge. It is common for bearish wedges to be mildly retested, just like last week demonstrated. The key to identifying if the breakout is indeed legitimate is the break’s volume. Unfortunately for the Bulls, the overall volume was weak for the week. […]
The market ran into resistance this past week, backing off but finishing strong with a bullish fury. Although stocks were down slightly for the week, capital flowed into the market on light volume. $34.1 billion seeped out compared to $36 billion in inflows. Likewise, the number of stocks advancing marginally outpaced the number of declining […]
The Bulls had a strong showing last week. The S&P 500’s inflows outpaced outflows by over a 3:1 margin with inflows tallying $61.4 billion compared to only $18.25 billion in outflows. Nonetheless, total capital weighted volume was still slightly below its weekly average. The big mover these past two weeks has been the advancers of […]
Value stocks also have dividend and yield potential. And in times of uncertainty, the yield and dividends could give your portfolio some padding. Buff Dormeier, CMT, Chief Technical Analyst at Kingsview Partners, has seen this play out via market factors. Click here to read the full article with Kingsview Investment Management’s CTA.
The S&P 500’s Ascending Triangle pointed out in last week’s commentary, broke out to the upside this past week creating a near-term S&P 500 target of 3950. Additionally, the numbers of stocks making New Highs closed off their recent lows for the first time in a long while. The strongest mover was the Advance-Decline line […]
This past week was short and light. The S&P 500 brought in $26.25 billion in inflows versus $28.25 billion in capital outflows. We begin the new year with very poor market internals. Breadth is week with the Advance-Decline Line falling and the % of stocks obtaining New Highs falling rapidly, nearing July / October lows. […]
After stumbling out of the gate Monday, the bulls dashed through the bears Wednesday on an exuberant Santa Clause sleigh ride rally. The Santa Clause Rally is a short seasonal cycle that typically begins the week before Christmas and can last into early January, sometimes peaking between Christmas and New Year’s (see attached: Williams True […]
In our 12/5 edition of volume analysis, we wrote, “The volume and other internal data may be suggesting this is a short-term rally with still more downside to go. Traders seem to be speculating that inflation is on the down swing and the Fed will soon move to be accommodative”…..”The S&P 500 is threatening to […]
Dormeier’s Work Reflected in Professional Accomplishments and AwardsKingsview Partners Chief Technical Analyst Buff Dormeier, CMT, continues to garner accolades for his efforts in 2022 amid the launch of a new portfolio strategy. These newest accomplishments underscore his deep understanding of the market’s technical aspects and emphasize his standing as a helpful resource for both his […]
WRITTEN BY: CHIEF TECHNICAL ANALYST, BUFF DORMEIER, CMTⓇ S&P 500 3900 support was tested twice last week (3903,3906) and held. This action illustrates the bulls are providing strong support @ the SPX 500 3900 index battleline. Meanwhile, S&P 500 Capital Weighted Volume is also holding it corresponding support @331. S&P 500 resistance resides at the former […]