The Mars Market Update — Live Research

Last week, equity markets continued to stair step lower before rebounding late as they remain in sideways (likely bullish) consolidations. Importantly, no key support has been broken as the markets threaten to extend higher in another wave 5 rally. While there are enough waves in place to complete the big picture rally there is no confirmation of a top. Bears need to see downside follow through that breaks 200 day sma trend support to help confirm a bearish change in trend. Bonds continued to...

Last week, equity markets continued to stair step lower but remain range bound within sideway consolidations (so far). Importantly, no key trend support has been broken as the markets threaten to extend higher in another wave 5 rally. While there are enough waves in place to complete the big picture rally there is no confirmation of a tradable top despite rising Iran tensions. Bears need to see downside follow through that breaks 200 day sma trend support to help confirm a bigger picture...

Last week, equity markets tested ATH resistance before reversing lower as the Nasdaq indices continue to underperform. While there are enough waves in place to complete the big picture rally there is no confirmation of a tradable top even with rising Iran tensions. Two-way risks remain while equities hold support above the October overlap highs. Bears need to see downside follow through that breaks 200 day sma trend support to help confirm a bigger picture bearish change in trend. Bonds...

Last week, equity markets rebounded while holding 50 day sma trend support despite rising Iran tensions. The strength of the rally and lack of downside follow through warns of a bullish triangle consolidation and 5th wave extension higher. While there are enough waves in place to complete this rally, bears need to see downside follow through that breaks 50 then 200 day sma trend support to help confirm a bearish change in trend. Bonds extended lower last week to test layered support but the...

Last week, equity markets traded sideways while holding 50 day sma trend support. While the bearish setup remains intact, the strength of the rally and lack of downside follow through warns of a potential bullish extension higher. While there are enough waves in place to complete this rally, bears need to see downside follow through that breaks 50 then 200 day sma trend support to help confirm a bearish change in trend. The bullish alternate is triangle wave 4 consolidation before another wave...

Last week, equity markets traded sideways to down while testing 50 day sma trend support. While the bearish setup remains intact, the strength of the rally and lack of downside follow through warns of a potential bullish extension higher. While there are enough waves in place to complete this rally, bears need to see downside follow through that breaks 50 then 200 day sma trend support to help confirm a bearish change in trend. The bullish alternate is another wave 5 extension higher. Bonds...

Last week, equity markets traded sideways while holding key 50 day sma trend support. While the bearish setup remains intact, the strength of the rally and lack of downside follow through warns of a potential bullish extension higher. While there are enough waves in place to complete this rally, bears need to see downside follow through that breaks 50 day sma trend support to help confirm a bearish change in trend. The bullish alternate is another wave 5 extension higher. Bonds remain range...

Last week, equity markets extended lower into 50 day sma support before rebounding strongly. While the bearish setup remains intact while below ATH's, the strength of the rally warns of another failed reversal attempt and bullish extension higher. While there are enough waves in place to complete this rally, bears need to see downside follow through this week that breaks 50 day sma trend support to help confirm a bearish change in trend. The bullish alternate is another wave 5 extension...

Last week, equity markets extended marginally higher towards measured targets before reversing sharply lower. There are now enough waves in place to complete this ending rally but bears need to see downside follow through this week to break near term support and confirm a bearish change in trend. Ideally, we'd like to see an impulsive decline that extends lower this week to help set up a larger degree decline. The question is whether this rally completed all of wave 5 of (5) or wave (3) of a...

Last week, equity markets extended higher as expected but we continue to see this latest rally as an ending wave. The bull market rally continues to extend higher towards upside targets with no confirmation of a tradable top. While this rally counts best as an ending 5th wave, hope springs eternal and the bull market remains intact until “proven” otherwise. Bears need to reverse this rally back below the wave (iv) lows to help confirm a top. Bonds rallied impulsively to help set up wave (a) or...