Bear Market Rally Remains in Play; Russell 2000 (IWM) Short-Term Breakout; Buys in Banks & Insurance
A bear market rally (+10% from the lows) remains in play as long as the $SPX remains above its 200-week MA (3590-3600) and the $IWM remains above...
353 Views
Bloomberg Commodity Index Breaks 2.5-Year Uptrend; Key Indexes/Sectors Testing Support at YTD Lows
Bloomberg Commodity index $DJP violating 2.5-yr uptrend; a break below $32.50 would send commodity prices much lower, & would be deflationary. $SPX...
324 Views
S&P 500 Testing 3900 Support; Commodities, WTI Crude Oil Topping?; Buying Uranium, Ag Equipment
Key supports are currently being tested at 3900-3910 on $SPX, $293 on the $QQQ $NDX, and $177-178 on the $IWM. WTI crude oil is breaking below $85;...
351 Views
Downgrading Utilities & Staples to Market Weight; Buy Ideas in Health Care & Trucking
Positive developments are popping up, such as bullish reversals of 4-5-month downtrends for Financials $XLF and Broker-Dealers/Exchanges $IAI ....
347 Views
SPAC Talk: No Safe Haven for De-SPAC Investors
KEY HIGHLIGHTS Better late than never. The past week has been a relatively busy week for SPACs, which is a rare statement in the context of 2022...
427 Views