Equity markets begin the week pressing upon upper level resistance. Our internal quantitative analysis indicates that the broad market (SPX complex) is entering overbought price zones as well. A pause to digest gains and test lower support would provide the best opportunity to capture the upper boundary of a defined “Raising Wedge” technical pattern on […]
Volatile start to 2015 portends stormy days ahead in financial markets. Violation of January’s lows will pressure the prevailing ascending trend.
After the typical mid-summer corrective phase, SPX approaches the start of September and return of vacationing market participants hovering near all-time highs. All eyes are on Friday’s Non-Farm Payroll report with the reaction to this report to determine the durability of the current rally. Until then, caution is warranted as the lack of volume fails […]
With a return of seasonal volatility to financial markets last week, we believe this is a good time to review and evaluate our earlier views. In prior commentaries, we were very cautious and reluctant to add any further exposure to equity index complexes as U.S. equity markets extended to historic highs this past June and […]