The Mars Market Update — Live Research

Last week, equities extended lower in what is likely to be a larger degree wave C or 3 impulsive decline. Despite markets being oversold, there is an immediate risk of an accelerated wave (iii) of 3 decline on a clear break of last week's lows. Markets are beginning...

Last week, US equities declined impulsively for a hard test of recent swing lows. The Nasdaq and Russell made new cycle lows while the SPX and DJIA are yet to confirm new lows. The decline appears incomplete and the bear trend remains intact but equities may be...

Last week, equities turned sharply lower as expected after a counter-trend rally into resistance and now face a key test of structural support. The bears took hold of the markets late last week and are likely set for a hard test of major swing lows. Make or break for...

Global equity markets continued to stair step lower last week as global rates rose and the US$ strengthened. Commodities rebounded last week for what are likely to be ending wave (c) counter-trend rallies. The key macro themes of rising inflation, global central bank...

Last week, the bears stepped up where they needed to as equities turned lower and met the minimum conditions for a wave (iii) or (c) decline. So far, the recent equity market decline is in 3 waves and Bears need to extend this into 5 waves down to help confirm a...

Equity markets have rallied in 3 waves into measured upside targets before reversing sharply lower late last week. Bears need to make a stand here or risk an ongoing bull market trend. The DXY trend remains bullish as we look for evidence of a bullish reversal in...

Last week, global equities extended gains despite a continued sell-off in the bond markets. Bulls and bears are facing a decision with only 3 waves up from recent swing lows into layered resistance. Global risk markets are trying to digest strong inflationary...

Equity markets rebounded strongly last week after failing to make new cycle lows culminating in a bullish weekly reversal. Only the Nasdaq indices made marginal new lows, unconfirmed by the broader indices, sparking a strong short covering rally from the double...

Last week saw a sharp reversal (blow-off top) in energy markets as we counted out what we expect to be a completed wave 5 rallly for (1) or (A). Equity markets traded mostly sideways in what was likely wave (iv) and would still look better with a final wave (v) thrust...

The stagflation outlook we discussed back in January 2021 seems to be playing out and has now become market expectation. Commodity prices are breaking out exponentially in what is more likely to be a blow-off top. While warnings abound, global equity markets have not...