ES1 (SP500 Generic Front Month) – 2.6.24 *Momentum on the Daily chart remains positive but is narrow and compressing. Although this could be a leading indicator that price will not break out above 5000 and may be beginning to retrace, I am sticking to the Weekly chart for now and staying focused on strong momentum […]
Tuesday, February 6th, 2024 Read More »
ES1 (SP500 Generic Front Month) – 1.24.24 *Although I love to hate them, I remain convinced that the index is set up to continue the grind higher in the near term. Again focusing on the Weekly chart, the breakout above long term resistance (T1) continues to hold with positive/confirming momentum (M1, M2). The initial upside
Wednesday, January 24, 2024 Read More »
ES1 (SP500 Generic Front Month) – 11.8.23 *As the index pauses at the upper end of the recent trough-to-peak ~6.50% rally, I continue to believe that the 4380/4400 resistance level will hold. As I wrote previously, “I would expect a pause here whether or not there is more upside for the balance of the year”.
Wednesday, October 8th, 2023 Read More »
A new report has exposed electric vehicles as wasteful money pits, living up to the adage: If it seems too good to be true, it is. EV proponents often claim they’re cheaper to own than conventional gas- or diesel-powered vehicles, but that’s simply not true after accounting for the billions of dollars in costs government
Taxpayers are subsidizing rich electric-vehicle owners — to the tune of billions Read More »
ES1 (SP500 Generic Front Month) – 9.22.23 *I have been very consistent over the past few weeks in saying that a break below 4500 support would create a more significant move down. I highlighted downside targets of 4460, the 100dma (ref 4456) and 4400. On Sep 19 the index hit the 4460 target with a
Friday, September 22nd Chart Read More »
Anthony Joins the David Webb Show – 9/6/23
Anthony Joins the David Webb Show – 9/6/23 Read More »
Anthony Joins the David Webb Show – 8/25/23
Anthony Joins the David Webb Show – 8/25/23 Read More »
ES1 (SP500 Generic Front Month) – 8.31.23 *As I stated yesterday, the index has rallied off the Aug 18 reversal bar and has broken above the “the 10dma (R10), 50dma (R50) and 4500 (R4500). In addition, momentum (M1) has shifted to positive confirming there may be some more upside left on this move in the
Thursday, August 31st Chart Read More »
ES1 (SP500 Generic Front Month) – 8.30.23 *The index has now rallied over 3% off the Aug 18 reversal call low of 4350 and has broken above all three of our identified resistance levels. These levels again were the 10dma (R10), 50dma (R50) and 4500 (R4500). In addition, momentum (M1) has shifted to positive confirming
Wednesday, August 30th Chart Read More »
ES1 (SP500 Generic Front Month) – 8.29.23 *I have been off the desk for a so let’s recap the last few days and reports. I noted on Aug 18 that a doji reversal stick had formed. After confirmation on the next trading day (Aug 21) I shifted my view to neutral expecting some upside “rebound”
Tuesday, August 29th Chart Read More »
