In this weekend’s newsletter, I will discuss a handful of things and I few things I would hope to see with the S&P 500 coming up soon and why.

First, let’s review the general structure of what’s becoming a slop fest up at these highs.

At yesterday’s open, we could see what looked like a bull flag, from which we then fell, and in doing so, we broke the bear [sic] minimum of up trend lines. And today, you see how that lower rail of that bull flag (if we project it much further forward) has served as a sort of magnet:

Read more “The Weekend Review of the Markets: Just a Few Things”

Good afternoon, traders. We have some interesting developments.

Today, the S&P 500 took a break from its relentless bid and, at the open, gapped to a point around which we could generate a bull flag:

Read more “Market Update for Thursday, July 20th, 2023”