Saturday, 30 November 2024

New historic highs

 


 


Summary 

The SPX saw a net November gain of 326pts (5.7%) to 6032, having printed a new historic high of 6044. Momentum ticked back upward, remaining on the very high side. Another monthly close above the key 10MA (5479), as the m/t trend remains bullish.

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Thursday, 31 October 2024

Red October

 


 


Summary 

The SPX saw a net October decline of -57pts (1.0%) to 5705, having cooled from a new historic high of 5878. Momentum ticked back lower, if remaining on the very high side. Another monthly close above the key 10MA (5360), as the m/t trend remains bullish.

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Monday, 30 September 2024

Net bullish September



 

Summary 

The SPX saw a September gain of +114pts (2.0%) to 5762, having recovered from a low of 5402 to print a new hist' high of 5767. Momentum ticked a little upward, and remains on the very high side. Another monthly close above the key 10MA (5267), as the m/t trend remains bullish.

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Saturday, 31 August 2024

Mixed August

 


 


Summary 

The SPX saw an August gain of +126pts (2.3%) to 5648, having recovered from a low of 5119. The monthly settlement saw a powerful spike floor from around the key 10MA (5147), as the m/t trend remains bullish. Momentum ticked a little upward, settling on the very high side.

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Wednesday, 31 July 2024

Net bullish July

 


 


Summary 

The SPX saw a July gain of +61pts (1.1%) to 5522, having printed a new hist' high of 5669. The monthly settlement was above the key 10MA (5002), as the m/t trend remains bullish. Momentum ticked upward, settling on the very high side.

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Saturday, 29 June 2024

New historic high

 


 


Summary 

The SPX saw a June gain of +182pts (3.5%) to 5460, having printed a new hist' high of 5523. The monthly settlement was above the key 10MA (4878), as the m/t trend remains bullish. Momentum ticked upward, settling on the very high side.

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Friday, 31 May 2024

Momentum strengthens

 



Summary 

The SPX saw a May gain of +241pts (4.8%) to 5277, having printed a new hist' high of 5341. The monthly settlement was above the key 10MA (4783), as the m/t trend remains bullish. Momentum ticked back upward, settling on the high side.

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Tuesday, 30 April 2024

Provisional rollover


 


Summary 

The SPX saw the first net monthly decline since last October, net lower for April by -218pts (4.2%) to 5035. The monthly settlement was above the key 10MA (4714), as the m/t trend remains bullish.

Momentum ticked back lower, if still settling on the high side. S/t bearish into May. M/t bullish from the Oct'2022 low. The latter arguably only changes if a monthly settlement back under the key 10MA, which will be around 4800 as of May 1st.

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Friday, 29 March 2024

A fifth month higher

 


 


Summary 

The SPX climbed for a fifth consecutive month, net higher for March by +158pts (3.1%) to 5254, having printed a new historic high of 5264. The monthly settlement was above the key 10MA (4656), as the m/t trend remains bullish.

Momentum ticked upward for a fifth month, settling on the high side. S/t bullish into April. M/t bullish from the Oct'2022 low. The latter arguably only changes if a monthly settlement back under the key 10MA, which will be in the 4700s in April.

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Thursday, 29 February 2024

Mr Market remains strong



 


 Summary 

The SPX climbed for a fourth consecutive month, net higher for February by +250pts (5.2%) to 5096, having printed a new historic high of 5111. The monthly settlement was above the key 10MA (4548), as the m/t trend is unquestionably bullish.

Momentum ticked upward for a fourth month, settling on the high side. S/t bullish into March. M/t bullish from the Oct'2022 low. The latter arguably only changes if a monthly settlement back under the key 10MA, which will be in the 4600s in March.

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Thursday, 1 February 2024

2024 begins positive

 


 


Summary 

The SPX saw a net January gain of +75pts (1.6%) to 4845, having printed a new historic high of 4931. The monthly settlement was above the key 10MA (4456), as the m/t trend is unquestionably bullish.

Momentum ticked upward for a third month, settling on the moderately high side. S/t bullish into February. M/t bullish from the Oct'2022 low. The latter arguably only changes if a monthly settlement back under the key 10MA, which will be in the low 4500s in February.

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