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Jun 3, 2024 | 
za.investing.com | Craig Thompson
During the past month, the advanced to all-time highs and is in a confirmed uptrend. However, market breadth is increasingly suggesting internal market weakness. I view this deterioration in market breadth as a warning, rather than a signal. If the S&P 500 moves decidedly below Friday’s intraday low, I would view that move as a bearish signal. Such a move would negate Friday’s bullish candle, push the index below its 50-day moving average, and violate its uptrend line.
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May 6, 2024 | 
za.investing.com | Craig Thompson
In last month’s newsletter, I wrote the following:“In the short term, the stock market is overbought, momentum is waning, and volume indicators are falling. This is a warning (not a signal) that the market is ripe for a short-term pullback.”“Most investors believe the Fed will lower interest rates three times this year.
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Mar 5, 2024 | 
investing.com | Timothy Fries |Craig Thompson
The finished Monday down 0.1% after spending most of the session bouncing between small gains and losses. S&P 500 Index-Daily ChartAs I wrote previously, I was short the market last week, but I was keeping that trade on a short leash because I was losing faith in it:While I’m still holding my short position and the market is moving ever so slowly in my direction, I am getting impatient. If the short trade is going to work, it needs to start working soon.
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Mar 4, 2024 | 
investing.com | Craig Thompson |Calogero Selvaggio
March marks notable market trends with 's surge and rising Wall Street optimism for U.S. stocks, driven by AI advancements and earnings growth. From Bitcoin’s (BTC) blistering rally toward new record highs to growing bullishness among Wall Street analysts over U.S. stocks, March is shaping up as a month filled with fascinating market trends for investors to track.
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Jan 2, 2024 | 
investing.com | Craig Thompson |James Picerno
By Declan FallonStock MarketsJan 02, 2024 02:27PM ETWith the exception of the ($IWM) we have the , and the all up near all-time highs. There is the potential for some indices to return double tops, particularly if you look at Monthly charts like the S&P. But if over the course of the coming weeks we see the 2021 high cleared (any gain over January would be enough), then the risk of the double top abates.
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Jan 2, 2024 | 
in.investing.com | Craig Thompson
Bullish market signal – Breadth ThrustsShort-term market indexes are overbought and at resistanceMost economists expected a recession in 2023. It didn’t happenThe economy is still a risk factor in 2024. A recession, if it occurs, would push stocks much lower. No market indicator is infallible. Because of this, I use a weight-of-the-evidence approach to formulating my market thesis.
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Nov 28, 2023 | 
investing.com | Craig Thompson
bullion could be viewed as insurance, a portfolio hedge a long-term investment or a long-term store of value, but a gold mining stock is none of these. Gold mining stocks always should be viewed as either short-term or intermediate-term trades/speculations. During gold bull markets, you scale into them when they are oversold or consolidating and you scale out of them when they are overbought.
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Nov 27, 2023 | 
za.investing.com | Craig Thompson
After reaching overbought levels and pulling back from August through October (declining orange channel in the chart below), the market has decisively broken out to the upside. The strength of the move suggests that the path of least resistance over the coming weeks and months is higher. That being said, the market is short-term overbought, and the is sitting right at major resistance. Thus, the market may pull back/consolidate before making another run higher.
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Nov 6, 2023 | 
investing.com | Declan Fallon |Craig Thompson
Last week, the rose to what is becoming a very important level of resistance at 4,375. It has significance from a few standpoints; it was a level of support and resistance going back to mid-August. It was level the index gapped below back below in late September and has been resistance since then. It also has the 61.8% retracement level that dates back to the September 1 to the October 27 lows.
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Nov 6, 2023 | 
investing.com | Craig Thompson |Garrett Cook
By Declan FallonStock MarketsNov 06, 2023 12:16AM ETOn daily time frames markets had an excellent last week, but the large white candlestick on the weekly time frame after weeks of bearish red ones is not typically bullish or one that typically marks a bottom. Having said that, there is room for bulls to work with, and even if markets shift sideways from here I would still look at this as a positive. The index I'm most concerned with is the ().
