I just published my free SP500 Index Tracking newsletter late last night showing these 3 breakouts following the breakout above the wedge. The link to signing up for it is in the prior post. The SP500 has several support levels that I show that could hold the next pullback. The chart is in the FREE newsletter.
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Recent Posts
- Market Timing Brief™ for the 10-28-2022 Close “Just Another Bounce or the End of the Bear Market for Stocks? When Gold Will Rise Again. How High Will Rates Go?”
- Market Timing Brief™ for the 7-08-2022 Close “Stocks Stabilize Ahead of Earnings Slowdown. So You Want to Fight the Fed? Gold Slips with Commodities. Treasury Yields Flat Vs. Early May.”
- Market Timing Brief™ for the 4-29-2022 Close “Markets on the Edge of the ‘Big Red Wave.’ Gold Off Its Top. Long Term Treasuries Taking a Fed Beating.”
- Market Timing Brief™ for the 1-21-2022 Close with Updates at Top “Big Red Wave Warning” and “Inflation Strategy Addendum”: “The U.S. Stock Market Has Two Choices. The Golden Triangle. Rates Have Peaked?”
- Market Timing Brief™ for the 10-01-2021 Close: 1) “Is the Correction Over? 2) Why Is Gold Doing Badly with High Inflation? and 3) Interest Rates Are Rising Again.”
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- PS. $XLC and $XLB are also Bouncing DownTrend™s. Vying for UpTrend™ status. That's all 11 $SPX $SPY sectors c… twitter.com/i/web/status/1… 1 day ago
- Have a great weekend! 1 day ago
- $XLY Testing near the Oct. 26th H and the 200 day mav. Perfect place to fail if it's going to do so. I upgraded th… twitter.com/i/web/status/1… 1 day ago
- $XLV -0.7% today. Still weakening. Has failed again at a lower high and is back below the Aug. H. 1 day ago
- $XLU Same as Cons. staples $XLP. 1 day ago
- $XLRE Testing above the June L and Day 1 above the Dec. 13th H. Needs further confirmation, but trying to morph to a full UpTrend™. 1 day ago
- $XLP "Got that sagging feeling." "Consolidating DownTrend™." 1 day ago
- $XLK above the Dec. 1st high but below the failed breakout of 12-13-22. 1 day ago
- $XLI Testing the Dec. top as well... 1 day ago
- $XLF Testing the Dec. top. 1 day ago
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