MONTHLY MARKET SUMMARY FOR APRIL 2023

After five consecutive months in a lateral consolidation regime, the SPY (the S&P 500 ETF) ended the month with a breakout attempt. This is an encouraging sign coming in the middle of Q1-2023 earnings season,...

MONTHLY MARKET SUMMARY FOR MARCH 2023

After the scaring 2022 bearish correction, the SPY (the S&P 500 ETF) ended the fifth consecutive month in a lateral consolidation regime. Despite the SVB collapse and subsequent market sharp pullback, SPY posted an...

MONTHLY MARKET SUMMARY FOR FEBRUARY 2023

After an exceptionally strong start to the year, the market lost some of its January profits in February, with SPY (the S&P 500 ETF) posting the fourth consecutive consolidation candle. This is currently confirming that the market has...

MONTHLY MARKET SUMMARY FOR JANUARY 2023

As the market recovered most of its December 2022 losses in January, we can now see three consecutive candles on the monthly SPY chart with their entire bodies above the descending trend line that was broken in November. This could...

MONTHLY MARKET SUMMARY FOR DECEMBER 2022

As we wrap up this extremely challenging year in the stock market, at the end of December 2022, the SPY (S&P500 ETF) closed with a -6.19% decline over the previous month. It's the fifth time in 2022 that the monthly chart has...

MONTHLY MARKET SUMMARY FOR NOVEMBER 2022

I really like monthly charts as they allow me to keep things in perspective and zoom out from the daily market noise.

After the strong rebound in October, the SPY (S&P500 ETF) posted the second consecutive monthly green candle for the...

WEEKLY MARKET SUMMARY 

Last week's analysis of the SPY (S&P500 ETF)

- Monday. A session dominated by indecision brings a tiny red candle with short wicks both up and down.

- Tuesday. In a bullish session, the price closes at the key 400 resistance...

WEEKLY MARKET SUMMARY 

Last week's analysis of the SPY (S&P500 ETF)

- Monday. A gap down up at the weekly open is followed by a failed attempt to break the key 400 resistance level and a close near the lows of the session.

- Tuesday. A massive gap up at the...

WEEKLY MARKET SUMMARY 

Last week's analysis of the SPY (S&P500 ETF)

- Monday. A moderate gap up at the weekly open is followed by overall bullish pressure. However, during the session, bears step into the arena temporarily pushing the daily lows below the previous week's close.

-...

WEEKLY MARKET SUMMARY 

Following two weeks of strong bullish pressure, SPY (S&P500 ETF) began the last trading week with a small, indecisive candle on Monday. After a gap up at the opening bell on Tuesday, confident buyers decided to leave the arena, and a new wave of panic selling...