We Are Seeing More

We Are Seeing

Take-Aways: Last week we noted that we needed to see more from our breadth metrics to have confidence that the S&P 500 could break and hold above 3,900. Thus far, the market has delivered, and the door is now open to a run toward the 4,100-4,200 zone for the...
Leaders  Keep Leading

Keep Leading

Take-Aways: On an absolute basis, sector trends have improved across the market. On a relative basis, the leaders that we have been highlighting for the past few weeks have maintained their positions. Energy, Health Care, Industrials, and Financials are the focus....
Room for the Bulls  to Run?

Room for the Bulls
to Run?

Take-Aways: In a note on October 24th, we argued that there was a scope for a year-end rally that could take the S&P 500 to 3,900. The index has broken above that level, an incrementally bullish development that could lead to a test of 4,100 as the next key...
Some  “Risk-On” Vibes

“Risk-On” Vibes

Take-Aways: The strongest day for the S&P 500 since the COVID lows has pushed the index through the key 3,900 level that we have been highlighting. This incrementally bullish dynamic opens the door for a possible run to the 200-day moving average. With the...