Technical Analysis

SPY attempts to put a bottom in place before CPI and earnings. Bank of England comments dumped on risk assets and SPY turned lower. All eyes now turn to Thursday's CPI data and bond yields. Stocks were…

This has been a wild and wooly couple of market weeks. First, the Fed held pat on interest rates. But after badgering Jay Powell with the same question asked in myriad ways, he eventually caved and…

SPY stumbled early on as yields refused to buckle, but the rally continued. Earnings season kicks off with Coca-Cola and others this morning. Apple looms large as a beat is needed for this rally. Equity markets…

Short term Elliott Wave view on S&P 500 ETF (SPY) suggests that cycle from 8.5.2024 low is unfolding as a 5 waves impulse. Up from 8.5.2024 low, wave (1) ended at 564.2 and pullback in wave (2) ended at 539.44.…

Mullen stock lost 4.6% on Wednesday. TSLA shares gained 7.7% at the same time. The NASDAQ also rallied 4.4% on the strength of Powell's Fed pivot. MULN stock has 43% short interest at the moment. Mullen…

Turnaround Thursday followed by falls on Friday as the roller coaster ride continues on SPY stock. Earnings season is now in full swing with Tesla and Netflix this week. Bond yields and oil move lower, so can…