The Mars Market Update — Live Research

Last week, equities held equality support and rallied strongly towards trend resistance in what appears to be a triangle consolidation or bull nest. Range compression leads to range expansion as we look for a directional break in both the SPX and Nasdaq indices. The...

Last week, equities gapped sharply lower before rebounding correctively for the rest of the week to fill the gap before reversing lower on Friday. Over the weekend, Trump confirmed a trade war with tariffs leading to another gap down this week. This wild ride is...

Last week, equities rallied for a hard test of ATH's in what counts best as an extended 5th wave that broke sharply lower over the weekend. The question remains as to whether this impulsive rally was a bullish wave (i) of a larger degree 5 wave rally through new ATH's...

Last week, the bulls held key equality support across the board leading to an impulsive 5 wave rally into Friday's high. The corrective rally opens the door for a push to new ATH's but the bigger picture wave count is less clear. With Trump's first week in office...

Last week, equities extended lower after the initial strong rally failed at trend resistance. The question is whether this decline is a complex correction within the ongoing bull market or the start of a waterfall decline? There is no evidence yet of 3rd wave...

Last week, equities held near term support and failed to confirm a bigger picture tradable top. While not our base case, the potential remains for a small degree 5th wave extension to marginal new ATH's while last week's lows hold. Bears need to break these lows to...

Wishing you and your families a happy and prosperous new year! Thank you for your support. Last week, equities rallied strongly for a corrective 3 waves up before reversing sharply lower on Friday. The onus is on the bears to extend this decline into the new year to...

Jay Powell was the grinch that stole Xmas in the final FOMC press conference of the year. His hawkish pivot shocked the markets as equities reversed sharply lower as rates and the US$ rallied. The equity leaders (Nasdaq and SPX) reversed impulsively lower to...

Last week, the narrowing leadership in equities continued with the Nasdaq indices pushing to new ATH's while the DJIA and Russell sold off strongly. This narrowing leadership is warning of potential trend exhaustion as we look for a Nasdaq reversal to help confirm a...

Equities extended higher last week with the Nasdaq and SPX leading the way. The DJIA and Russell continued to lag as rates declined and the US$ fell, warning of a deteriorating growth outlook. The question is whether the Nasdaq and SPX are impulsing strongly higher or...