Stocks Extend Bullish Run: Third Week Gains, Technical Update 11-19-2023 DJIA & S&P500

TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of November 17, 2023 Stocks moved higher for the third straight week with the previously lagging secondary market leading the way. The daily charts are reaching overbought conditions as sentiment averages out on the rally, with some indicators now edging into greed. Prices staged another massive gap …

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Technical Update 11-11-2023 DJIA & S&P 500

TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of November 10, 2023 Stocks closed out a mixed week mostly higher, with tech and large cap stocks leading the way, while the dogging secondary market once again under-performed. The Dow dipped into the runaway gap on the daily, but left a few point gap on that …

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Technical Update 10-21-2023 DJIA & S&P500

TECHNICAL ANALYSIS Major Indices Week of October 20, 2023 Stocks had an across-the-board meltdown last week with every major index closing lower and on the bottom of the weekly ranges. The market could not shake off the geopolitical news as well as political chaos in the US. The weekly charts are starting to move into …

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Technical Update 10-15-2023 DJIA & S&P500

TECHNICAL ANALYSIS Major Indices Week of October 13, 2023 Stocks traded a tight and volatile week, dominated by geopolitical news, with blue chips and large caps eking out gains and settling in the middle of the weekly range…while tech and secondary stocks lagged. Short-term, the key now will be to see how prices move away …

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Technical Update 09-23-2023 DJIA & S&P500

TECHNICAL ANALYSIS *Note: There will be no technical update next weekend. The next report will be October 7th. Major Indices Week of September 22, 2023 Stocks suffered sharp declines last week with the loss leaders being tech and secondary markets and the blue chips performing only slightly better. All major indices closed at the bottom …

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Technical Update 09-09-2023 DJIA & S&P500

TECHNICAL ANALYSIS Key Technical Insights from the Major Indices in the Week of September 8, 2023 During the week, the stock market experienced widespread declines, with particular pressure on tech stocks and the Russell index. The S&P 500 saw a week of trading within a narrow range, closing closer to its lower end. Analyzing the …

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Technical Update 09-03-2023 DJIA & S&P500

TECHNICAL ANALYSIS Major Indices Week of September 1, 2023 Stocks opened higher and held higher trade throughout the week with the tech indices once again leading the charge. The daily charts are in uptrends and the hourly charts have worked off oversold conditions and are turning back up with Friday’s action. Last week’s timing played …

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Technical Update 08-20-2023 DJIA & S&P 500

TECHNICAL ANALYSIS Major Indices Week of August 18, 2023 Stocks suffered their third straight week of losses and the month of August can basically be attributed to what can now be called The China Syndrome. All it took was the speculators capitulating their shorts and the “groupthink” on a US recession, to create a severe …

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Technical Update 08-11-2023 DJIA & S&P500

TECHNICAL ANALYSIS Major Indices Week of August 11, 2023 Stocks had a decidedly mixed trade the past week with the blue chips leading the way while the tech sector continues its selloff from the CRITICAL timing of July 20/21, which thus far marks the tops in both the FAANG and the Nasdaq indices. S&Ps traded …

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Technical Update 08-06-2023 DJIA & S&P 500 & BRKA

TECHNICAL ANALYSIS Major Indices Week of August 4, 2023 The Dow traded an outside week down after prices started the month of August with new highs for the drive and then swooning to settle on the bottom of the week’s range with Friday posting a bearish outside day down. S&Ps staged the worst weekly decline …

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