Bloomberg Commodity Index Breaks 2.5-Year Uptrend; Key Indexes/Sectors Testing Support at YTD Lows
Bloomberg Commodity index $DJP violating 2.5-yr uptrend; a break below $32.50 would send commodity prices much lower, & would be deflationary. $SPX...
461 Views
RTY Support Inflection Break
Fed bounce used to add to NDX short at 12,100. RTY break below 1,775 is the more damning inflection pivot to see bear momentum accelerate in our...
308 Views
Mat-Chem Notes for the Week Ended September 18, 2022
KEY HIGHLIGHTS WTR-CMI last week. Reversing the prior week’s trend, the stock market pulled back last week following the release of disappointing...
835 Views
Watch RTY Trigger for NDX New Lows
NDX remains our top US short but an inflection below RTY 1,775 pivot support will increase downside conviction for a hard NDX bear press to 11,500...
413 Views
Supports to Be Tested Again Following CPI? Stick With Solar Stocks, Buying Manufacturing Names
Supports discussed in recent weeks have held, including 3900 on $SPX, $293 on $QQQ, and $177-178 on $IWM. These levels could be tested again...
450 Views