The Mars Market Update — Live Research

Last week we saw a continued selloff in equities as markets digest the potential for an ongoing stagflationary environment. The ES and NQ made marginal new cycle lows before reversing sharply higher on Friday. The rally on Friday is only in 3 waves so far and needs to...

Last week saw equities decline sharply in 3 waves on a technical break of support before rallying for the remainder of the week. It now appears that we have a corrective 3 waves down from ATH's and an impulsive rally up off the lows. The question is whether this...

Last week, equities continued to stair step lower and finally broke layered support at Friday's close. Equities remain bearish while below Friday's highs with strong downside potential given this break of structural support. From a big picture perspective, we continue...

Last week we saw a pullback in equities as expected confirming recent non-confirmation highs. Our primary indicator of market trend, the SPX / ES, has fallen back towards key trend support and the 50 day sma - it's make or break time (again). While the decline from...

Equities continue to hold gains with no evidence of a tradable top. While the Nasdaq and SPX rallies are extended, the DJIA and Russell continue to underperform and require new ATH's to complete potential ending waves. The US$ fell sharply as expected with the USDSGD...

Last week, the SPX and Nasdaq indices pushed to new ATH's as expected while the DJIA and Russell rebounded strongly from support. There are now enough waves in place to complete near term rallies in the former while the latter still need new ATH's to help confirm a...

Last week, the ES and NQ corrected lower into 50 day sma support before rallying to end the week. The Russell 2000 and DJIA held support and rallied late while the US$ pushed higher towards equality targets. Bonds consolidated gains after last week's rally. We...

Last week, the grind higher in global equities continued with the SPX and Nasdaq indices leading the way while the small cap Russell continued to lag. The US$ remains range bound while bonds rebounded from equality targets. The PM's bounced from near term downside...

Late last week saw a sharp reversal in the US$ and rates while global equities continue to climb a wall of worry. "If" rates rise from here and the reflation trades re-asserts itself, we should see a rotation from the Nasdaq indices towards the small caps (Russell)....

Last week saw equity market bulls continue to press new ATH's but the trend appears to be exhausting. We still do not have clear evidence of a tradable top but momentum divergence is warning of an impending market reversal. The SPX and Nasdaq appear to be topping...