As the recovery from the 2018 correction continues, we evaluate price action through visual charts to determine what moves are likely in the coming days. As it stands, we remain in a corrective state until we see a breach of new highs to comfortably say the upward trend continues. Looking at the chart above, we see that the SPX has…
Charting the Recovery
A financial market resource for the every-day investor and trader.
-
Firing On Most “Cyclicals”
Seth Golden, , Research Reports, 0
The bull vs. bear battle wagered on this past trading week, as the bears attempted to wrestle back into...
-
Tis The Season To Turn…
Seth Golden, , Research Reports, 0
Thank goodness that is over with; September and the historically weaker returns associated with Q3 are complete! The period...
-
Merrill Lynch: Treasury Offsetting QT Until Mid-2023
Seth Golden, , Research Reports, 0
Chief Investment Office Macro Strategy Team at Merrill Lynch: Macro Strategy—Treasury Offsetting QT Until Mid-Year: The looming debt ceiling...
-
Earnings Review: Target’s 3rd Quarter Beats Overshadow Negative Sales Growth
Seth Golden, , Research Reports, 0
Last week, Target Corp. (TGT) reported stronger than expected earnings and revenues. This sent shares of TGT higher as...
-
Macy’s May Be Acquired, But It Begs For Greater Logic
Seth Golden, , Research Reports, 0
A rumor has recently surfaced regarding the possibility, not the probability, but the possibility of Macy’s (M) selling itself....
-
Macro-Concerns Dominate The Trading Week As Volatility Takes Center Stage
Seth Golden, , Research Reports, 0
It’s enough to make you close up shop and seek out a new career if you’re a portfolio or...
-
Weekly State of the Market: Where’s Your Focus
Seth Golden, , Research Reports, 0
Pundits and gurus master the art of going out on a limb without going out on a limb. ~Philip...
-
Weekly State of the Market: Diagnosing Drawdown For Opportunity
Seth Golden, , Research Reports, 0
“We have to acknowledge that overall breadth is weaker than it was during the biggest market drawdown during Q1...