High-level look at the markets through weekly charts.
Platform | Substack | Pricing | Only free issues | Publishes | Twice weekly |
---|---|---|---|---|---|
Issues | 33 | Subscribers | Read | weeklieswatch.substack.com |
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We got a daily buy signal on the QQQ and many of the names I have been focusing on triggered higher. The SPY had a strong day pushing off the 200SMA but remains weaker and in a more suspect position. It remains on a sell signal but holding ...
I hate being negative on the market as people get mad about it. There is so much more anger, emotion, and frustration. The reality is….I am not bearish. The 10/20 moving averages are going down and my system says we are in a down cycle. Tha...
Overall, the market continues to be a chop/consolidating tape with two inside weeks. We saw a heavy distribution day on Friday but basically haven’t moved in three weeks. Friday was a quad witching day that can lead to some false moves so i...
Heading into September, my high-level feeling is the market is healthy, beginning to broaden out, and has the potential to improve dramatically with a little consolidation. We just had a strong move to finish August and many of the names I ...
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