The Mars Market Update — Live Research

Last week, equity markets corrected lower before rebounding strongly as primary trend support continued to hold. The corrective 3 wave decline and subsequent strong rally keeps the door open to a bull market continuation to new ATH's. Interestingly, the DJIA and...

Last week, equities continued to churn higher but the rally was not clearly impulsive as the SPX / ES pushed to marginal new ATH's unconfirmed by the Nasdaq indices (bearish inter-market divergence). The question is whether it formed a rare expanding ending diagonal...

Last week, equity markets corrected lower with no confirmation of a bearish change in trend. The benchmark SPX continues to hold 50 day sma trend support and retains the bullish potential to extend higher. The key Nasdaq indices remain within triangle consolidations...

Last week, equity markets extended marginally higher but the overlapping nature of the rally warns that the bull trend is exhausting in an ending diagonal (wedge) top. The benchmark SPX / ES has enough waves in place to potentially complete the 2025 rally but there is...

Last week, global equity markets extended higher as expected and the SPX now has enough waves in place to potentially complete the 2025 rally. We are now alert to the potential for trend exhaustion and bear reversal. It is important to note that the bull trend remains...

This week’s Update focuses on the market’s primary trend to the exclusion of micro counts given the unreliable nature of the low volume holiday period. Global risk markets continued to consolidate over the holiday period in low volume choppy trading conditions. The...

Last week, equity markets extended lower in what appears to be a complex correction but the risk is that a major double top is in place for the SPX. While no damage has been done to the bull case, warning signs are growing as markets reversed lower from marginal new...

Last week, equities corrected lower as expected for what we expect to be a wave (ii) of 5 consolidation into 50 day sma support. Our base case remains unchanged for a wave (iii) of 5 rally to new ATH's into year end. What is concerning is that the Nasdaq leaders...

Last week, equity markets extended higher to help confirm the impulsive rally from recent swing lows and set up a Santa Claus rally into year end. All major indices remain bullish while above recent swing lows as we look for a 5th wave extension through new ATH’s to...

Last week, equity markets rallied strongly from key support to help set up a potential Santa Claus rally into year end. All major indices remain bullish while above recent swing lows as we look for a 5th wave extension through new ATH's to potentially complete the...