The Mars Market Update — Live Research

Last week, equities made marginal new highs before fading from overhead resistance and retesting support. Despite the negative banking news, equities held key support and rallied strongly on Friday. The question is whether or not the wave C rally is complete or would...

Last week, equities held corrective support and turned higher for what we expect to be a final wave (v) of C rally for the major indices (SPX, DJIA and Nasdaq). Completion of this final rally opens the door for the bigger picture bearish turn we had been awaiting- key...

US equity markets continue to stall at resistance with no strong evidence of a bearish reversal. While resistance is resistance until proven otherwise, the benchmark SPX would still look best with a final wave (iv) and (v) push to new swing highs to complete blue wave...

Risk assets continue to squeeze higher as inflation pressures ease and growth stabilises. We continue to see this equity market rally as an ending wave prior to the resumption of the big picture bear market. We expect growth and inflation risks to be overwhelmed by...

Last week, equities stalled at near term resistance but there is no strong evidence of a bearish reversal. The benchmark SPX continues to retest its February highs while the Russell 2000 tests its major swing lows - a bifurcated equity market (weak growth vs rate...

Last week, equities extended higher for what we expect to be a wave (c) or C rally with a risk-on end of quarter rally. We continue to see this rally as a correction within a bigger picture bear market - it's just a matter of degree. The DXY continues to hold support...

Markets remain range bound and continue to churn with inter-market divergences across the board. The tech centric Nasdaq indices are pressing swing highs while the small cap Russell 2000 tests major swing lows. The benchmark SPX / ES stalled at initial resistance but...

Last week, equities rebounded from support despite bank runs, government intervention and financial instability culminating in the forced sale of Credit Suisse to UBS. These are NOT ordinary times. The financial system is a confidence game. Historically high leverage...

Last week saw a sharp decline in global equity markets following Powell's backflip on slowing rate rises coupled with the failure of a couple of US regional banks. This decline broke key near term trend support and invalidated the near term bull case. Unfortunately,...

Last week, equities held layered support and rallied strongly to end the week, helping to confirm our near term bullish outlook. Last week's lows are now key support for what we expect to be a wave (iii) of C rally to new cycle highs. Bonds tagged equality support and...