2021-04-11 Sunday

WEEKLY MARKET OVERVIEW Another strong week for the markets with S&P500 (SPY) and Dow Industrial (DIA) pushing to fresh new all-time highs, and starting to look very extended on the upside. Mega tech stocks (QQQ) have been the weekly leaders and now are about to test resistance at former all-time highs. Small caps (IWM) have …

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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 …

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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 …

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