samuelkhalil

Weekly Sentiment: Bearish Daily Sentiment: Bearish Simple as can be. Look at the chart below, inflation expectations from lower gas prices and used car prices need to show up in the CPI report before the market will turn. Until then expect a sideways/falling lower expectation. Below is the same -SPX chart. Although the double top

Sentiment: Bullish this week until CPI numbers come out on Thursday. There are some earnings reports this week but I doubt we will see anything new after 70%+ of the S&P500 companies that have reported. CPI can be seen here on 11/10/22 at 8:30 AM EST: https://us.econoday.com/byshoweventfull.aspx?fid=541686&cust=us&year=2022&lid=0&prev=/byweek.asp#top Main index charts are in no man’s land

Sentiment: Weekly S&P 500 is bearish. Daily will be sideways this week until FOMC minutes released on Wednesday. There are no real trades to make outside of downsizing a little more on technology companies. No chart this week as there are news about a 75 bps rate hike announcement probably coming on Wednesday. I am

Sentiment: Weekly S&P 500 is still bearish on a weekly timeline but on a daily timeline it is more bullish than last week. First an update of the upside down SPX daily chart showing the multiple top aka bottom in the S&P 500 is no longer in trouble. We are above it and this is

Sentiment: Bearish – However on a daily timeline it is Bullish. Disclaimer: Different timeframes can be bearish and bullish at the same time. My point here is that short term we are bullish while long term we are bearish on the S&P 500. Earnings this week will be important. So far financials have been okay.

Sentiment: Bearish Disclaimer: The timeframe of this analysis is meant to prepare you for 10-10-22 to 10-14-22. Longer or shorter timeframes can still be correct but bear in mind that this update is meant for weekly timelines. Keeping it simple here with three main things to watch for the week: Producer Price Index is released