Category

Technical Analysis

Aug 20
0

Daily Brief Technical Analysis: Staying Bullish Despite Near-Term Pullback Potential; Buy Pullbacks and more

By | Daily Briefs, Technical Analysis

In today’s briefing:

  • Staying Bullish Despite Near-Term Pullback Potential; Buy Pullbacks

Staying Bullish Despite Near-Term Pullback Potential; Buy Pullbacks

By Joe Jasper

  • We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
  • We will maintain our bullish outlook as long as market dynamics remain healthy and the SPX is above 6028-6059. Short-term supports on SPX include 6400-6410, 6200, 6100-6150, and 6028-6059.
  • SPX is testing 6400-6410 now, but QQQ and IWM are violating short-term supports at $572 and $226, respectively. This makes us believe we could see some near-term downside; buy pullbacks.

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Aug 16
0

Daily Brief Technical Analysis: Europe Next to Break Out?; Bullish Outlook Intact; Remain Overweight Korea and more

By | Daily Briefs, Technical Analysis

In today’s briefing:

  • Europe Next to Break Out?; Bullish Outlook Intact; Remain Overweight Korea, Greece, and the U.S.

Europe Next to Break Out?; Bullish Outlook Intact; Remain Overweight Korea, Greece, and the U.S.

By Joe Jasper

  • We remain near-term bullish SPX and ACWI since 4/22/25, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment.
  • We discussed in our July 31, 2025 Int’l Compass how $128, $125-$126, and $123-$123.50 were short-term supports to watch on ACWI-US, and ACWI-US found support at $128 the next day.
  • Europe (EURO STOXX 50) is the last of the major countries (from a global market cap perspective) to break out; we expect it to be next

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Aug 06
0

Daily Brief Technical Analysis: Was That It?; Downgrading Discretionary and Energy; Gr/Val Breakout; Market Dynamics Remain Risk-On and more

By | Daily Briefs, Technical Analysis

In today’s briefing:

  • Was That It?; Downgrading Discretionary and Energy; Gr/Val Breakout; Market Dynamics Remain Risk-On

Was That It?; Downgrading Discretionary and Energy; Gr/Val Breakout; Market Dynamics Remain Risk-On

By Joe Jasper

  • Volatility finally picked up last Friday, and the SPX and Nasdaq 100 (QQQ) both gapped lower to close below their 20-day MAs for the first time in over three months.
  • With that said, all of the major indexes (SPX, QQQ, DJI, IWM) rallied yesterday to fill their gaps from Friday and SPX and QQQ have reclaimed above their 20-day MAs. 
  • This is a bullish signal that suggests any further pullback is likely to be relatively shallow, and should be treated as a buying opportunity.

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Aug 02
0

Daily Brief Technical Analysis: Continue Adding Exposure to China; Short-Term Supports to for This ACWI-US Pullback and more

By | Daily Briefs, Technical Analysis

In today’s briefing:

  • Continue Adding Exposure to China; Short-Term Supports to for This ACWI-US Pullback

Continue Adding Exposure to China; Short-Term Supports to for This ACWI-US Pullback

By Joe Jasper

  • We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment.
  • We will maintain our bullish intermediate-term view as long as market dynamics remain healthy and the SPX and ACWI-US are above 6028-6059 (up from 5700-5785) and $119-$121.
  • $128, $125-$126, and $123-$123.50 are short-term supports to watch on ACWI-US; we will maintain our near-term bullish outlook as long as $123 support holds.

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Jul 30
0

Daily Brief Technical Analysis: Market Extended Entering Seasonally Weak August; Meaningful Pullback Imminent? Not Likely and more

By | Daily Briefs, Technical Analysis

In today’s briefing:

  • Market Extended Entering Seasonally Weak August; Meaningful Pullback Imminent? Not Likely

Market Extended Entering Seasonally Weak August; Meaningful Pullback Imminent? Not Likely

By Joe Jasper

  • We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
  • We will maintain our bullish intermediate-term outlook as long as market dynamics remain healthy and SPX is above 6028-6059 (up from 5700-5785 as it is highly unlikely to be tested).
  • Some will point to August seasonality as a reason to be cautious; we simply are not seeing any signs that suggest a meaningful pullback is imminent.

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Jul 24
0

Daily Brief Technical Analysis: More Breakouts and Risk-On Developments; Monitoring Rotations: Miners and more

By | Daily Briefs, Technical Analysis

In today’s briefing:

  • More Breakouts and Risk-On Developments; Monitoring Rotations: Miners, Retail, Lithium, China

More Breakouts and Risk-On Developments; Monitoring Rotations: Miners, Retail, Lithium, China

By Joe Jasper

  • We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
  • Short-Term supports on the SPX include the 20-day MA (currently 6233), 6200, 6100-6150, and 6028-6059, with additional supports at 5804-5854 and 5700-5785. Buy pullbacks to these areas.
  • SPX has not closed below its 20-day MA for two months, but even when it does, all we would expect to happen is for a new, less-steep uptrend to form.

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Jul 16
0

Daily Brief Technical Analysis: Bitcoin Breaking Out; Bullish Outlook Intact; Many Areas Breaking Out or Bottoming: XLY and more

By | Daily Briefs, Technical Analysis

In today’s briefing:

  • Bitcoin Breaking Out; Bullish Outlook Intact; Many Areas Breaking Out or Bottoming: XLY, XME, KRE ++

Bitcoin Breaking Out; Bullish Outlook Intact; Many Areas Breaking Out or Bottoming: XLY, XME, KRE ++

By Joe Jasper

  • We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
  • Short-Term support on the SPX is at 6100-6150, 6028-6059, and the 20-day MA, with additional supports at 5804-5854 and 5700-5785.
  • We view any pullbacks to the these supports as buying opportunities, though we do not expect there to be another test of 5700-5785 any time soon.

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Jul 14
0

Daily Brief Technical Analysis: An Update on Gold: Time for a Pause? and more

By | Daily Briefs, Technical Analysis

In today’s briefing:

  • An Update on Gold: Time for a Pause?

An Update on Gold: Time for a Pause?

By Cam Hui

  • Gold violated its rising trend line in all major currencies except yen, which may be a technical warning of a tiring bull. Is it time to turn cautious?
  • We remain gold bulls. Gold prices are consolidating after strong gains in H1 2025, but the trend is still up.
  • Bullish sentiment isn’t stretched and central bank buying provides long-term demand.

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Jul 04
0

Daily Brief Technical Analysis: China and Japan Breaking Out — Buy; Bullish Outlook Intact; U.S. Dollar (DXY) Remains Weak and more

By | Daily Briefs, Technical Analysis

In today’s briefing:

  • China and Japan Breaking Out — Buy; Bullish Outlook Intact; U.S. Dollar (DXY) Remains Weak

China and Japan Breaking Out — Buy; Bullish Outlook Intact; U.S. Dollar (DXY) Remains Weak

By Joe Jasper

  • We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
  • We will maintain our bullish intermediate-term view as long as market dynamics remain healthy and the SPX and ACWI-US are above 5700-5785 and $119-$121.
  • $125-$126 and $123-$123.50 are short-term supports to watch on ACWI-US; we will maintain our near-term bullish outlook as long as $123 support holds.

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Jul 02
0

Daily Brief Technical Analysis: Blue Sky Territory; Bullish Outlook Intact; Nasdaq 100 and S&P 500 Breaking to All-Time Highs and more

By | Daily Briefs, Technical Analysis

In today’s briefing:

  • Blue Sky Territory; Bullish Outlook Intact; Nasdaq 100 and S&P 500 Breaking to All-Time Highs

Blue Sky Territory; Bullish Outlook Intact; Nasdaq 100 and S&P 500 Breaking to All-Time Highs

By Joe Jasper

  • We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
  • Our near-term bullish outlook will remain in place long as the S&P 500 (SPX), Nasdaq 100 (QQQ), and Russell 2000 (IWM) are above their 20-day MAs.
  • Short-Term SPX support is at 6028-6059 and the 20-day MA, with additional supports at 5804-5854 and 5700-5785. Russell 2000 (IWM) and S&P Mid Caps (IJH) also breaking above key resistances

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