S&P 500 Next Week Expected Move ($76.25)
Strange times we're living in. The more you understand, the less you forgive.
Lies, Damned Lies, and Earnings Estimates
I think we'll continue to rally for another week or two, but this is the last hoorah. A significant tone-change or event is nearby.
Sum of the evidence suggests late July-early August.
- Sentiment = FOMO
market-harmonics.com/free-charts/sentiment/nasdaq_sentiment.htm
naaim.org/programs/naaim-exposure-index/
indexindicators.com/charts/sp500-vs-put-call-ratio-equity-1d-sma-params-4y-x-x-20ma/
- Breadth = Deteriorating
mcoscillator.com/market_breadth_data/
yardeni.com/pub/breadth.pdf
indexindicators.com/charts/sp500-vs-sp500-stocks-at-10d-highs-lows-params-2y-x-x-20ma/
indexindicators.com/charts/sp500-vs-sp500-stocks-avg-10d-rsi-params-x-x-x-10ma/
- Macro = Nightmare
yardeni.com/pub/bearmktind.pdf
yardeni.com/pub/ecoindlei.pdf
advisorperspectives.com/dshort/updates/2020/06/26/ecri-weekly-leading-index-update
bloomberg.com/graphics/global-pmi-tracker/
- Fundamentals = Egregious
yardeni.com/pub/stockmktperatio.pdf
yardeni.com/pub/valucbnew.pdf
advisorperspectives.com/dshort/updates/2020/07/09/market-cap-to-gdp-an-updated-look-at-the-buffett-valuation-indicator
advisorperspectives.com/dshort/updates/2020/07/08/is-the-market-still-overvalued
- Technicals = Unyielding
indexindicators.com/charts/sp500-vs-sp500-stocks-above-20d-sma-params-x-x-x-20ma/
Best of luck next week,
- RH
Bonus:
- The Fed has begun to slow their fairy dust / Not-QE /
- Kanye is officially a presidential candidate, which argues in favor of a Trump victory.
- Setting new daily record Covid cases every day. There is organic growth, not just a factor of increased testing.
Deaths follow cases by about 25 days. We'll see that soon and the market's and the narrative are not prepared.
Lies, Damned Lies, and Earnings Estimates
I think we'll continue to rally for another week or two, but this is the last hoorah. A significant tone-change or event is nearby.
Sum of the evidence suggests late July-early August.
- Sentiment = FOMO
market-harmonics.com/free-charts/sentiment/nasdaq_sentiment.htm
naaim.org/programs/naaim-exposure-index/
indexindicators.com/charts/sp500-vs-put-call-ratio-equity-1d-sma-params-4y-x-x-20ma/
- Breadth = Deteriorating
mcoscillator.com/market_breadth_data/
yardeni.com/pub/breadth.pdf
indexindicators.com/charts/sp500-vs-sp500-stocks-at-10d-highs-lows-params-2y-x-x-20ma/
indexindicators.com/charts/sp500-vs-sp500-stocks-avg-10d-rsi-params-x-x-x-10ma/
- Macro = Nightmare
yardeni.com/pub/bearmktind.pdf
yardeni.com/pub/ecoindlei.pdf
advisorperspectives.com/dshort/updates/2020/06/26/ecri-weekly-leading-index-update
bloomberg.com/graphics/global-pmi-tracker/
- Fundamentals = Egregious
yardeni.com/pub/stockmktperatio.pdf
yardeni.com/pub/valucbnew.pdf
advisorperspectives.com/dshort/updates/2020/07/09/market-cap-to-gdp-an-updated-look-at-the-buffett-valuation-indicator
advisorperspectives.com/dshort/updates/2020/07/08/is-the-market-still-overvalued
- Technicals = Unyielding
indexindicators.com/charts/sp500-vs-sp500-stocks-above-20d-sma-params-x-x-x-20ma/
Best of luck next week,
- RH
Bonus:
- The Fed has begun to slow their fairy dust / Not-QE /
- Kanye is officially a presidential candidate, which argues in favor of a Trump victory.
- Setting new daily record Covid cases every day. There is organic growth, not just a factor of increased testing.
Deaths follow cases by about 25 days. We'll see that soon and the market's and the narrative are not prepared.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.