The Mars Market Update — Live Research

Last week, the equity market leaders extended higher in yet another impulsive rally to new ATH's. The leaders continue to subdivide higher as we look for evidence of trend exhaustion but the trend is your friend until it bends. The DJIA and Russell continue to...

Last week, equity markets traded sideways to down in what appears to be a corrective decline but the cash indices are warning of a potential top. We do NOT have confirmation of a tradable top in the SPX or Nasdaq despite there being enough waves in place to complete...

Last week, equities pushed higher as expected as the Nasdaq and SPX now have enough waves in place to potentially complete its impulsive rally for wave (v) of 5. The onus is now on the bears to make a stand and reverse the previous rally with an impulsive decline. We...

Last week, equities extended higher as expected with the SPX and Nasdaq impulsing to new 5th wave highs while the DJIA and Russell 2000 continue to lag in corrective rallies. While there are enough waves in place to complete 5 up for the leaders, there is no evidence...

Last week, the equity market leaders pushed to new ATH's as expected while the laggards continue to underperform. Bearish momentum and intermarket divergence continues to build across the board as the bull market potentially nears an important juncture and top. The...

Last week equities corrected lower as expected before reversing sharply higher off our 50 day sma trend support. While the laggards (DJIA and Russell) continue to underperform, the leaders (SPX and Nasdaq) continue to lead as we look for wave (v) of 5 up to new ATH's....

Last week, equities pushed to marginal new highs as expected before fading later in the week to potentially complete wave (iii) or (c) up. The markets are becoming more fragmented as the leaders (Nasdaq and SPX) pushed to new ATH's while the laggards (DJIA and...

Last week, equities continued to impulse higher on the back of receding inflationary pressures, weaker US$ and lower rates. The risk-on environment continued as markets embraced the goldilocks recovery with primary equity indices pushing to new ATH's. The market...

Last week, equities continued to squeeze higher through layered overhead resistance as bears failed to make a stand. The equity market rally is in an extended 3 waves so far into 78.6% fib resistance with no evidence of a tradable top. Bears need to defend the ATH's...

Last week, equities continued to rebound in what appears to be a complex but corrective 3 wave rally into layered overhead resistance. Our base case remains for at least a wave (c) decline once this corrective wave (b) rally is complete. Bears need to make a stand...