Powering upward

 

Summary 

The SPX saw a net July gain of +138pts (3.1%) to 4588, settling a clear 10% above the 10MA (4133). Momentum ticked upward for an tenth consecutive month, having turned positive at the July 3rd open.

Whilst the macro and geo-political situations continue to deteriorate, the market doesn't care, partly on the notions of cooling inflation, no recession, and that the Fed will eventually cut rates and spool up the printers.

Things only turn interesting again for the equity bears with a monthly settlement back under 4K. Bulls could seek the upper bollinger, currently in the 4700s, as seem realistic by around Labor day.
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Powering upward

 

Summary 

The SPX saw a net June gain of +270pts (6.5%) to 4450, settling a clear 10% above the 10MA (4033). Momentum ticked upward for an ninth consecutive month, and is due to turn positive at the Monday July 3rd open.

Whilst the macro and geo-political situations continue to deteriorate, the market doesn't care, partly on the notions of cooling inflation, no recession, and that the Fed will eventually cut rates and spool up the printers.

Things only turn interesting again for the equity bears with a monthly settlement back under 4K. Bulls could seek the upper bollinger, currently in the 4700s, as seem realistic by around Labor day.
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For more of the same... 

For details and the latest offers  >>> https://www.tradingsunset.com

To hold the line?

 

 

Summary 

The SPX saw a net May gain of +10pts (0.25%) to 4179, settling above the 10MA (3983). Momentum ticked upward for an eighth consecutive month, if remaining on the negative side at -25.945. Indeed, I would note the key zero threshold. A failure to keep pushing upward would be especially... problematic.

Whilst the macro and geo-political situations continue to deteriorate, the market doesn't care, partly on the notion the Fed will eventually cut rates and spool up the printers.

Things only turn interesting again for the equity bears with a (to be decisive) break under 3950. Bulls could seek the 4300s.
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For more of the same... 

For details and the latest offers  >>> https://www.tradingsunset.com