Weekly Macro Review July 8, 2024

Weekly Macro Review July 8, 2024 Charts That Matter The rotation toward the broader market didn’t happen once again. The new quarter didn’t bring much new in the first week. $IWM got hit hard Monday and then stayed within that range the rest of the week. It had a little fight, but closed the week […]

Weekly Macro Review July 1, 2024

Weekly Macro Review July 1, 2024 Charts That Matter The large cap indexes ended a strong quarter with a fizzle while $IWM perked up right as the curtain was pulled. Luckily, we start a new act today. Maybe not so lucky for the small caps so far today. I review 5 time frames of Triple […]

Weekly Macro Review June 24, 2024

Weekly Macro Review June 24, 2024 Charts That Matter The majors started the OpEx week with some strength, but as the week went on a little air started coming out of some of the big AI names as well as other Info Technology larger names. It wasn’t enough to turn it negative for the week, […]

Weekly Macro Review June 17, 2024

Weekly Macro Review June 17, 2024 Charts That Matter The week saw a big pop in the middle, but the broader markets couldn’t hold on to them. The two big guys closing the week near highs in strong RS bull ranges. $QQQ is nearing 80, but that in itself just shows strength and is not […]

Weekly Macro Review June 3, 2024

Weekly Macro Review June 3, 2024 Charts That Matter The big cap indexes finally saw profit taking this week hitting some of the hottest names. Some from less than favorable earnings reactions, some just narrative, but as we have mentioned in all the reports, this profit taking was due and good to see. It was […]

Weekly Macro Review May 27, 2024

Weekly Macro Review May 27, 2024 Charts That Matter The weekly candles point out the mixed nature of the week. $SPY with a doji, $QQQ kept marking forward and $IWM put in a reversal candle to the downside. We discuss the Triple Play charts on three time frames in the Power Snapshots posted Saturday. Overall, […]

Weekly Macro Review May 5, 2024

Weekly Macro Review May 5, 2024 Charts That Matter Week two of the rebound ended in the green after an intra-week battle. The buyers won in the end. Apple $AAPL helped after having many doubters going into the earnings. It wasn’t just $AAPL caught a bid, there were plenty of sectors and subsectors pulling higher. […]

Weekly Macro Review April 28, 2024

Weekly Macro Review April 28, 2024 Charts That Matter Markets finally put in the reversal a little later than expected. That should have been expected…markets often take a different path to where we expect it to go, but often still gets there. The first big thing we see is the rebounds were piercing patterns. The […]

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 […]