The broader market rallied from its foxhole, closing the week near former resistance levels on poor volume. As intermediate and longer-term interest rates retreated, the troops and the brass led the charge while the generals followed in their wake. The Invesco S&P 500 Equal Weight ETF (RSP) led our forces for the first time in […]
Our 12/30 bond focused flash report stated: “On the front lines of this conflict, we’re closely monitoring the 10-year US Treasury Bond yield, where resistance stands firm at 4.7%. This level represents a key strategic position; a breach could signal a new offensive in the bear market for bonds. Simultaneously, we’re watching the iShares 20+ […]
The first week of 2025 is in the books with all our units moving on light volume, as our forces cautiously emerged from their New Year’s celebrations. The troops (iShares Russell 2000 ETF, IWM) led the charge, bouncing off of support to advance 0.92%, showing the same resilience they displayed during holiday leave. They were […]
In the Christmas-shortened week on Wall Street, the market’s volume was exceptionally light, reflecting the holiday lull. The SPY (SPDR S&P 500 ETF Trust), our primary battlefield indicator, demonstrated resilience by advancing 0.07% over the 3 ½ trading days. Despite the thin trading conditions, both S&P 500 Capital Weighted Volume and Dollar Volume exhibited bullish […]
What a thrilling week on Wall Street it was, I could hardly wait to unwrap this week’s data. As a 30+ year veteran of these market skirmishes, I’ve developed a sense for the ebb and flow of market combat. Yet, as any seasoned commander knows, intuition must be backed by hard intelligence – our market […]
Battlefield Report: Week Ending 12-13-2024 For the second consecutive week, the Tech Generals (NDX 100 Index) marched forward in their Christmas campaign. While last week they had just enough strength to pull the S&P 500 brigade up with them, this past week they advanced alone, leaving their comrades behind scurrying off in the trenches. Troop […]
After several weeks of allowing the reserves to lead, the generals resumed control this past week. The Invesco QQQ Trust (QQQ) advanced 3.16%, rallying up the SPDR S&P 500 ETF (SPY) to close up 0.80%. Although our high-ranking officers led a valiant charge, the lower echelons retreated. The infantry troops, represented by the iShares Russell […]
Thanksgiving Battlefield Report In a shortened Thanksgiving week skirmish, the Troops led a minor price advance, yet intelligence suggests ongoing distribution underneath the surface (see last week’s VAFU report). Here’s the tactical breakdown: Command Units: • SPDR S&P 500 ETF (SPY): Advanced 1.18% • Invesco QQQ Trust (QQQ): Lagging behind but gaining 0.78% Support Battalions: […]
And Then There Were None Part XI – “The Market Rallies as Dangers Potentially Lurk Beneath the Surface” This past week, the markets rallied back, nearing their election week closes with the Troops leading the charge once again. The Troops (iShares Russell 2000 ETF – IWM) finished the week up 4.80%, followed by our Brass […]
Operation Market Retreat: Post-Election Rally Faces Tactical Pullback This past week, the markets executed a strategic withdrawal from the post-election offensive, relinquishing a portion of their hard-fought gains. The frontline troops (small caps) and the generals (large tech), who had led the charge during the election week assault, suffered the heaviest casualties during this tactical […]