Month: March 2021

2021-03-28 Sunday

WEEKLY MARKET OVERVIEW For the most part of the week, the S&P500 (SPY) has been trading lower, still pulling back to the trend line that has been holding as support since the US presidential elections. On Thursday, a gap down at the opening followed by a sharp price decline, rather than triggering a wave of …

2021-03-28 Sunday Read More »

2021-03-21 Sunday

WEEKLY MARKET OVERVIEW Inside last Weekly Report I wrote: “with most indices in overbought territory, some sort of consolidation or minor pullback would be normal and acceptable.” This is exactly what happened this week with the S&P500 (SPY) pulling back to oversold territory and just above the trend line that has been holding as support …

2021-03-21 Sunday Read More »

2021-03-14 Sunday

WEEKLY MARKET OVERVIEW After a few tough weeks bulls look to be back in control and pushing most indices to new all-time highs. Despite the overall market recovery, mega tech stocks (QQQ) are still lagging with money rotating in other areas such as industrial (DIA) and small caps (IWM), both exploding to the upside. Next …

2021-03-14 Sunday Read More »

2021-03-07 Sunday

WEEKLY MARKET OVERVIEW Last week has been another wild one. After a gap up and a strong green day on Monday, we got three and a half scary days with deep selling pressure, with finally some relief only in the second part of Friday’s session. Despite the rollercoaster of the last three weeks, the S&P500 …

2021-03-07 Sunday Read More »