MCP Market Update: April 9th, 2018 – The right to arm Bears

by | Apr 9, 2018

This week's report focuses on the potential for a near term stock market bear - I am not discounting the bullish potential while support holds - I am just seeing an interesting setup. Last week we saw some wild gyrations in global equity markets but importantly, the key support levels we highlighted for US equity […]

MCP Market Update: April 3rd, 2018 – Break Unconfirmed

by | Apr 3, 2018

The SPX break of its 200 day sma was NOT confirmed by other markets.  As expected, the 200 day sma has acted like a magnet across the major US indices as the bulls held support all week only to break on Easter Monday. Our defensive positioning on these markets has not changed. Each rally attempt […]