The Mars Market Update — Live Research

Last week, equity markets failed to extend higher and risks a completed big picture rally. Bears need to make a stand here and extend this decline through 50 day sma support and recent wave 4 lows. While there are enough waves in place to complete this rally, the potential remains for a bullish extension to new ATH's while above recent wave 4 lows. Fakeout or breakout? Importantly, the Nasdaq failed to extend higher and the structure would still look best with a continued rally to new...

Last week, equity markets extended marginally higher from recent bullish consolidations for what we expect to be an ending wave 5 rally. While there are now enough waves in place to complete the rally there is no evidence of a tradable top. Importantly, the Nasdaq indices extended higher but remain short of new ATH’s – the structure would look best with a continued rally to new ATH’s to confirm the broader market rally. Bears need to reverse last week’s rally and break the 200 day sma and...

Last week, equity markets finally broke up and out of their bullish consolidations. The benchmark SPX broke to new ATH's in what we expect to be an ending wave 5 rally. Importantly, the Nasdaq indices rallied strongly from support but remains short of new ATH's - the structure would look best with a continued rally to new ATH's. Bears need to reverse last week's rally and break the 200 day sma trend support to help confirm a bearish change in trend. Bonds traded sideways with no confirmation...

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...