The Mars Market Update — Live Research

Last week, the equity markets continued to extend higher as expected as the wave 3 rally pushed to new ATH's. Bearish momentum divergence continues to build but there is no evidence of a tradable top. The bull trend remains intact while above the 50 day sma trend...

The bull trend in equities continued to grind marginally higher while climbing the wall of worry. While the bull trend remains intact, bearish momentum divergence continues to build across multiple timeframes. The primary bull trend appears incomplete but the rally is...

The bull trend in equities continued to extend higher while climbing the wall of worry. While the bull trend remains intact, bearish momentum divergence continued to build across multiple timeframes. The primary bull trend appears incomplete but the rally is very...

NB: Apologies, but there will be no MCP Market Update next week as we will be on vacation. Last week, the bull trend in equities extended immediately higher invalidating the near term top (as warned). While the bull trend continued to make higher highs and higher...

Last week, equity markets rebounded more strongly than expected and the lack of downside follow through calls into question the intermediate term top. While the near term rally is overlapping and not clearly impulsive, the potential remains for both an immediate...

Last week, equity markets pushed to marginal new ATH's before reversing sharply lower as expected. The rally was extended and overdue for a corrective decline as warned last week. The impulsive nature of the decline warns that last week's reversal is likely only part...

Last week, the equity market bull trend continued higher for what we expect to be a wave (v) of 3 extension. While this latest rally is very extended, there is no evidence of a tradable top as the bull trend continues to subdivide higher. The big picture rally from...

Last week, equities traded sideways in what appears to be a small degree 4th wave consolidation. The door remains open for a 5th wave extension higher as Bulls continue to climb a wall of worry with no confirmation of a tradable top. The bigger picture bull market...

Last week, equity markets traded sideways to down with no clear evidence of a bearish reversal. The near term decline appears corrective which keeps the door open for a more immediately bullish 5th wave extension higher. However, there are enough waves in place to...

Last week, equity markets continued to extend higher for what we expect to be a wave (v) of 3 rally with no confirmation of a tradable top. The bigger picture equity market rally appears incomplete and would look best with a wave 4 corrective decline before a final...