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...
by Dan Russo, CMT | Oct 31, 2022 | Research
Take-Aways: The countertrend rally to 3,900 that we have been highlighting has played out. The S&P 500 closed at that level and above its 10-week moving average. It and the S&P 600 is now in neutral positions and must reclaim their 40-week moving average for...
by Dan Russo, CMT | Oct 28, 2022 | Research
Take-Aways: After the S&P 500 came to within 14 points of the 3,900 level that we have been highlighting, key themes and relationships have become somewhat mixed. Commodity-based ratios are holding up, but the breakdown in Semiconductors is a concern. Investors...
by Dan Russo, CMT | Oct 27, 2022 | Research
Take-Aways: Breadth metrics improved again this week. While there is still a lot of work to do before we can make the case that breadth is bullish, these improvements are playing out as the S&P 500 nears the key 3,900 level that we have been highlighting. If the...
by Dan Russo, CMT | Oct 26, 2022 | Research
Take-Aways: Equity indexes have experienced impressive rallies over the prior two weeks of trading as both the VIX and realized volatility materially turned lower, providing a potential tailwind for the recent strength. Bonds have not been left out of the rally, but...
by Dan Russo, CMT | Oct 25, 2022 | Research
Take-Aways: The short-term rally we have been calling for has been playing out, and most sectors have bounced on an absolute basis. Despite that, leadership has remained the same under the surface of the market. We continue to believe that investors who must have an...
