Tag Archives: S&P500

Riding The Gravy Train: S&P500 Key Levels

Posted on July 8, 2020 by macromon

The U.S. stock market is very expensive and narrow, led by large-cap tech with S&P500 range-bound between 3233 and 2965, a 9 percent range, closing today at the upper 1/3rd of that range.   Not a fan, and a dangerous market, … Continue reading →

Posted in Coach C, Equities, Uncategorized | Tagged , , | 1 Comment

Battle OF The Fibos & The Negative Yield Wall

Posted on May 14, 2020 by macromon

Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price … Continue reading →

Posted in Equities, Technical Analysis, Uncategorized | Tagged , | 17 Comments

S&P500 Approaching Key Level

Posted on March 17, 2020 by macromon

Just a quick heads up.  The S&P500 has already taken out 2750.10, the first key Fib retracement of the 400 plus percent long bull market from Mar’09 to Feb ’20, and is now approaching another key Fibo at 2351.91, which … Continue reading →

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S&P’s Beastly Streak: Five Consecutive Red Candlesticks

Posted on February 26, 2020 by macromon

Extremely ugly price action today with the S&P reversing a 54.30 point gain to close down 11.82 points, carving out a 5th consecutive red daily candlestick. Such an ungodly losing streak is relatively rare and has not happened since the … Continue reading →

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The Stock Market’s Key GPS Coordinates

Posted on February 25, 2020 by macromon

Ugly two daze of trading.   In fact, two of the four largest point drops in the history of the Dow Jones Industrial Index.   The S&P500 is now sitting right on a key Fib level at 3124.74. Now What? A  bounce … Continue reading →

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S&P’s Great Run…What Next?

Posted on December 1, 2019 by macromon

The S&P500 price index is up 25.30 percent going into December, the 9th best performance for the index from January to November since 1950.   What makes this year’s rally unique to the prior big years is that it launched from … Continue reading →

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Discipline Trumps Conviction

Posted on November 25, 2019 by macromon

Today’s close above 3125 takes us out of our short position, which we started scaling into at 3025.  We are still fairly confident that this market can be bought at much lower prices at some point in the next 18 … Continue reading →

Posted in Economics, S&P500, Uncategorized | Tagged | 5 Comments

S&P500 Traces Out A Spinning Top Daily Candlestick

Posted on October 17, 2019 by macromon

The Difference Between a Spinning Top and a Doji Spinning tops and dojis both represent indecision. Dojis are smaller, with small real bodies and small upper and lower shadows. The Spinning top has long upper and lower shadows. Both patterns occur frequently … Continue reading →

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How Far Can The Stock Market Run?

Posted on October 14, 2019 by macromon

Updated:  October 15 Very little to the upside.  Very much to the downside. Macro Valuation Metrics Lots of incoming over our S&P Shooting Star post, most of which can mostly be summed up to the effect, “Why so bearish?” Seriously?  … Continue reading →

Posted in Economics, Equities, Uncategorized | Tagged , , | 74 Comments

The Summer Friday Ramp Into Close

Posted on August 4, 2019 by macromon

Here we go again.  The Summer Friday afternoon ramp. We posted how the S&P tends to ramp into the close in our post on Monday (see below). No different today.  The S&P had traded in a 34.44 point range high-to-low … Continue reading →

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