Technical Update 12-10-2023 DJIA & S&P500

TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of December 8, 2023 Stocks traded in some tight, accumulation ranges and ended the week at the top end of the weekly ranges with the S&P settling at the highest weekly close since 10 January 2022 as that index set new 2023 trading highs. The Dow is …

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Technical Update 12-01-2023 DJIA & S&P500

TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of December 1, 2023 Stocks continued their four-week tear on the upside with both the Dow and S&P reaching new highs for 2023. The market closed out a “No Sell November” with massive monthly gains across the board and there is now a potential shift in logic …

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Technical Update 11-17-2023 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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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 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 10-07-2023 DJIA & SP& 500

TECHNICAL ANALYSIS Major Indices Week of October 6, 2023 Stocks continued their sharp declines last week with the major indices hitting 4–5-month lows before Friday’s rally which left all but the Dow in weekly reversals. The daily charts are reacting to oversold conditions and the hourlies had setup bullish divergences from extreme oversold conditions. The …

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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 09-16-2023 DJIA & S&P500

TECHNICAL ANALYSIS Major Indices Week of September 15, 2023 Stocks closed out a volatile week lower, with all indices recording weekly losses and settling at the bottom of the week’s range. Prices reacted to the timing on Thursday which coincided with the past quarter’s Triple Witching. The weekly charts continue to work off overbought conditions, …

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12-18-2022 Soybeans

TECHNICAL ANALYSIS Spot soybeans have been in an up channel since setting lows in critical timing in early October. The daily spot chart has been flashing a preliminary bearish divergence with the past two weeks’ highs at 1492.25 and open-interest has been creeping slightly higher during this period. Nearby JAN soybeans (SF23) have been in …

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