The Mars Market Update — Live Research

Last week, the global equity market rally continued unabated with a clear broadening as the troops (Russell, NYA and RSP) finally broke higher to rally impulsively and play "catch-up" to the generals (SPX, Nasdaq and DJIA). This broadening of the rally warns of...

Last week, equities continued to extend higher towards bigger picture resistance in the holiday shortened week. The major indices continue to lead the way with the Nasdaq, S&P and DJIA continuing to impulse higher while the Russell, NYA and RSP rallies appear...

Last week, equity markets continued to rally strongly on the back of a benign CPI and falling rates. The Nasdaq, SPX and DJIA continued to impulse higher while the Russell 2000, RSP and NYA lagged in what appear to be corrective rallies so far. The strength of this...

Last week, equity markets extended higher for what appears to be an impulsive rally for wave (a) or (i) of a larger degree advance. Near term, there are enough waves in place to complete 5 waves of the initial impulse so we should be alert to the potential for a...

Last week, equities rallied sharply for what is expected to be a relief rally and short covering following completion of the 5 wave decline as warned last week. The initial rally from support is likely to be wave (a) up of a larger degree (a)-(b)-(c) correction....

Last week global equities extended recent declines into 5 waves to help confirm the bigger picture bearish change in trend. Importantly, the benchmark SPX / ES declined so far as to overlap its wave 1 / A high and confirm a corrective 3 wave rally from the October...

Last week, equities reversed sharply lower from resistance as geopolitical risks escalated. This is an important juncture for global risk markets. If equities push to new cycle lows, the corrective decline will be invalidated and bears likely take control from a big...

Last week, equities rallied strongly before fading late on the fear of an escalating middle east conflict. The risk markets are at an inflection point. The benchmark SPX / ES is now in a pincer move between the 200 and 50 day sma - we remain prima facie bullish but...

Last week equities declined for a hard test of equality support at the 200 day sma before rebounding late despite hotter than expected NFP data. The bulls now have their line in the sand - global equity indices now have enough waves in place to complete a corrective...

Last week, equities extended their decline into equality support as expected before rebounding late in the week. While there are now enough waves in place to potentially complete a prima facie corrective wave 4 decline, near term bulls should allow for a small degree...