The Mars Market Update — Live Research

Last week, equities pushed to marginal new ATH's with the exception of the Nasdaq indices as the primary bull trend continues unabated. This latest rally invalidated the near term bear reversal (as warned) and opens the door to a 5th wave extension or more bullish 3rd...

Last week, equities declined impulsively as expected into the 50 day sma support before rebounding sharply with the DJIA and Russell leading the charge. However, the cash SPX did not confirm the ES_F impulsive decline and the inability to break 50 day sma support...

Last week, equity markets exhausted to the upside as the Trump Top reversed lower. As warned in last week's update, equity markets had met initial upside targets after an impulsive 5 wave rally to new ATH's unconfirmed by the Russell 2000. This sharp reversal warns of...

Last week, equities held near term support and rallied strongly as expected following Trump's win. Equities have now met initial upside targets for this latest rally but there is no evidence yet of a tradable top. The strength of this rally and bullish backdrop calls...

Last week equities extended their declines as expected towards primary trend support at the 50 day sma. With the very close US election this week, we must be mindful of increased volatility and expanded ranges and focus instead on key support and resistance levels....

Last week, equities extended higher towards equality resistance as risk markets embraced the Trump trade with bullish equities, higher rates, stronger US$ and PM's. The trend is you friend as most equity indices continue to extend higher with only the Nasdaq and...

Last week, the primary macro market trends remained intact with bullish extensions in equities, rates and the US$. Equities extended higher but the near term rally appears incomplete. Both the Nasdaq and SPX are approaching equality resistance with the potential for a...

Last week equities declined in a corrective 3 waves in what appears to be a shallow pullback. There is no evidence of a tradable top with the potential for an immediate extension higher or a more complex correction. Importantly, the Russell 2000 / RTY declined in a...

Last week, equities extended marginally higher but the big picture wave count only shows 3 waves up from the August lows. While the benchmark SPX and DJIA have pushed to new ATH's, the Nasdaq and Russell 2000 have not. This inter-market divergence is notable....