by Dan Russo, CMT | Nov 17, 2022 | Research
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...
by Dan Russo, CMT | Nov 16, 2022 | Dan, Podcasts, Research
Surprise! We’re back with a new episode of an old favorite, hosted by Dan Russo, CMT, and Drew Wells, CMT,...
by Dan Russo, CMT | Nov 16, 2022 | Research
Take-Aways The S&P 500 has recaptured a major battleground zone to the upside over the past week of trading, setting up an attack on the declining 200-day moving average from below. The Ten-Year note rallied above the declining 50-day moving average for the first...
by Dan Russo, CMT | Nov 15, 2022 | Research
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....
by Dan Russo, CMT | Nov 14, 2022 | Research
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...
by Dan Russo, CMT | Nov 11, 2022 | Research
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...
