Weekly Macro Review April 21, 2024

Weekly Macro Review April 21, 2024 Charts That Matter After ending last week with the 90% down day, we came into the week expecting an immanent bounce; then Monday was an 80% down day which raised the probability of a strong retracement within days, and nothing came. This was not what we expected or see […]

Weekly Macro Review April 14, 2024

Weekly Macro Review April 14, 2024 Charts That Matter The week ended with an exclamation point after the battle gave way to the sellers Wednesday and followed through Friday, solidifying the weekly follow through as well. The first Triple Play Chart is the weekly putting in red candles across the board, more dramatic in $IWM […]

Weekly Macro Review April 7, 2024

Weekly Macro Review April 7, 2024 Charts That Matter All three posted down weeks as the markets couldn’t muster a win to start the new quarter. It wasn’t a terrible week except for Thursday, but you can’t really say “except for” in this case. Often, days like that are very driven by a big headline […]

Weekly Macro Review March 31, 2024

Weekly Macro Review March 31, 2024 Charts That Matter Markets put in another gain for the week to finish strong for the quarter. There was some early jockeying for position into the end of the quarter, but as the week progressed, buyers did too. You can see this easily by flipping though our Weekend Power […]

Weekly Macro Review March 24, 2024

Weekly Macro Review March 24, 2024 Charts That Matter Last week I ended with the need to see some downside confirmation, especially in the $IWM evening start pattern that developed or the grind would likely continue higher. Well, the grind goes on. This week we see in the weekly chart, there was no follow through […]

Weekly Macro Review March 16, 2024

Weekly Macro Review March 16, 2024 Charts That Matter The majors ended the week with mixed messages again, indecision remains in the $SPY with the doji. $QQQ put in some downside continuation with a second week of higher volume and $IWM turned tail and put in a pretty clean Evening Star pattern this week. This […]

Weekly Macro Review March 10, 2024

Weekly Macro Review March 10, 2024 Charts That Matter A week where the markets finally found some indecision based on the Doji in $IWM $SPY with $QQQ going a bit further biting into last week’s gains. The daily chart below shows early week selling which we have seen, but the Friday action was different. Recently, […]

Weekly Macro Review March 3, 2024

Weekly Macro Review March 3, 2024 Charts That Matter This week the markets continued to outright ignore or even kick mud in the face of the seasonality we are supposed to be seeing right now which shows a level of buying power we don’t want to ignore. And, while this is great news longer term […]

Weekly Macro Review February 25, 2024

Weekly Macro Review February 25, 2024 Charts That Matter Markets were mixed again this week, but this time it was large caps $SPY $QQQ cranking out the gains led by the $NVDA earnings being received well. $IWM continued its bumpy ride as you can see in the chart below. I chose this closer look at […]

Weekly Macro Review February 18, 2024

Weekly Macro Review February 18, 2024 Markets finally found some challenge this week, at least on the large cap side closing down, but still posted inside weeks for both the $SPY $QQQ. Small Caps went on their own and closed the week with a decent gain. Let’s jump in and see how it played out […]