WEEKLY MARKET OVERVIEW

After a brief period of consolidation, the S&P500 (SPY) is once again testing all-time highs. However, sector rotation has driven mega-tech stocks to new all-time highs in the week's final two sessions, while mega-industrials and small-caps have been pulling back...

WEEKLY MARKET OVERVIEW

The S&P500 (SPY) finally took a small breather this week after pushing a steady march to the upside for several weeks in a row. Anyway, following a shallow downturn on Wednesday and Thursday, bullish traders returned to the field on Friday, recouping the majority...

WEEKLY MARKET OVERVIEW

Following an extended strong uptrend and breakout to all-time highs on the previous week, the S&P500 (SPY) closed at record levels in all five sessions this week! A parabolic move is now appearing on the daily time-frame chart, and along with extreme overbought...

WEEKLY MARKET OVERVIEW

Following an impressive run over the previous few weeks, the S&P500 (SPY) broke out to all-time highs on Monday and, after a brief pullback over the next two days, finished the week as strong as it began. Now resistance is turning into support, and moving in the...

WEEKLY MARKET OVERVIEW

After an impressive run over the previous eight trading sessions, the S&P500 (SPY) came to a halt on Friday just below the resistance level at all-time highs. On Tuesday, there was another gap higher, which was followed by three days of heavy buying pressure. The...

WEEKLY MARKET OVERVIEW

Following a slow start to the week, the S&P500 (SPY) exploded to the upside on Thursday, with a gap up at the open followed by significant buying pressure until the session's close. On Friday, after another gap higher, price action during the rest of the session...

WEEKLY MARKET OVERVIEW

This week has been another intense one for the S&P500 (SPY), with a lot of volatility in the first three days, followed by a large gap up at the open on Thursday. The good news is that the major support around the 428 level has so far held fairly well. The bad news is...

WEEKLY MARKET OVERVIEW

Following a weak start on Monday, the S&P500 (SPY) went into sell-off mode for the majority of the week, posting a couple of scary solid deep red candles on Tuesday and Thursday before finally showing signs of recovery on Friday. The support on the ascending trend...

WEEKLY MARKET OVERVIEW

After a sharp gap down at the opening on Monday, followed by a couple of days of roller coaster, confident buyers stepped in once again on Thursday with a significant gap up followed by strong bullish pressure. The S&P500 (SPY) eventually...

WEEKLY MARKET OVERVIEW

After the much-anticipated fall of the previous week, the S&P500 (SPY) had been consolidating for four days until eventually posting a strong red candle on Friday. It will be interesting to observe if the rising trend-line, which has already been tested numerous...