Bull Trap Alert: Low Breadth & Violent Rallies
The U.S. faces a multitude of economic challenges that lead to recent bank failures. We remain on high alert for a “bull trap” as we anticipate additional cracks to surface.
Source: etftrends.com
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Dollar Breakout and S&P 500 Breakdown Don't Project Conviction Into Next Week
The global capital markets were showing an unusual amount of volatility before an extended holiday weekend (in the US), but the technical picture was less than convincing
Source: dailyfx.com
Microsoft Shares Surge After Hours on Mixed Earnings – A Dow Recharge Tomorrow?
Despite the mixed basic financial performance, MSFT shares rallied as much as 5.3 percent higher from Tuesday’s official close – bringing the market close to the 200-day SMA at 256
Source: dailyfx.com
US Dollar Fundamental Q1 Forecast: Dollar Advantages Ebb... So Too Will Its Premium?
After an incredible 5 quarter climb from the US Dollar to two-decade highs, the market suffered its worst three-month retreat since 3Q 2010 over the final stretch of 2022.
Source: dailyfx.com
S&P 500 Tumble Pressures Important Support as Liquidity Makes for Sloppy Conditions
While there were some fundamental sparks, the slide and ultimate pressure on the SPX’s midpoint of its October to December range is being distorted by holiday liquidity
Source: dailyfx.com