by Dan Russo, CMT | Nov 7, 2022 | Research
Take-Aways: The S&P 500 was once again turned away at the key 3,900 level. The index remains in a neutral position if it holds above 3,700 and becomes incrementally bullish above the 40-week moving average. Small Caps continue to exhibit relative strength in the...
by Dan Russo, CMT | Nov 4, 2022 | Research
Take-Aways: The S&P 500 traded to the 3,900 level that we have highlighted and promptly backed off. At the same time, many of the themes that we track have shown a slight decrease in risk appetite over the past week. We continue to believe a focus on leadership is...
by Dan Russo, CMT | Nov 3, 2022 | Research
Take-Aways: The S&P 500 traded to the key 3,900 level that we have been highlighting before fading over the past few days. Despite the sharp move lower yesterday, breadth metrics have not seen a sharp deterioration. While this is an encouraging development, we...
by Dan Russo, CMT | Nov 2, 2022 | Research
Take-Aways: While the S&P 500 and S&P 600 have had impressive weeks, the tech-heavy NASDAQ 100 continues to fall behind the bullish technical developments of its peers and has emerged as an underperformer once again. Commodities continue to consolidate as...
by Dan Russo, CMT | Nov 1, 2022 | Research
Take-Aways: There is continued improvement under the surface of the S&P 500, with a handful of groups regaining their 50-day moving averages after staging rebounds over the past few weeks. To be sure, there is still a lot of work to do for the trends to become...
by Dan Russo, CMT | Nov 1, 2022 | Dan, Research
After rallying from long-term support following a cascade-like decline, the Real Estate sector has set up an attack on long-term resistance and the declining 50-day moving average. REITs continue their consolidation relative to Real Estate, while Real Estate...
