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For the week ending 10-28-2022

This is my analysis of the weekly charts for the S&P 500, IWM, the VIX and 10-year yields. Premium subscribers also receive a daily commentary with the daily charts and my timing system’s signals for both TSP and ETFs outside of TSP.

Current YTD returns thru 10-28-2022:

TSP:
G fund: 2.26%
F fund: -15.03%
C fund: -17.09% ...

Another volatile week in stocks where the bulls came out on top. The previous Friday's rally continued into this Monday and through Tuesday. Profit taking started Wednesday when disappointing earnings from tech giants Microsoft and Alphabet erased early gains. Again on Thursday early intraday gains were erased in the second half of the day and it was starting to look like a clear peak to the bear market rally had been established. But then Friday happened. The bulls had complete control of the day ...

The indices were mixed on Thursday but broader early gains, triggered by a stronger than expected GDP report, vanished as investors anticipated earnings from Apple and Amazon after the bell. The Dow had a solid day gaining almost 200-points with the help of the boring names like Caterpillar and Boeing, but we saw the morning rally fade as the day wore on and the indices closed near their lows. After the bell we saw another leg down in the futures due to more disappointing earnings. The indices ...

The stock market rally ran into a little trouble yesterday after those MSFT and GOOG earnings reports. A little profit taking in a bear market after a big 3-day rally is not too much of a surprise, but the question is if the action killed the rally, or just paused it. The Dow and the Russell 2000 managed to close positive and other broader indices actually showed some relative strength, but the Nasdaq and S&P 500 took on the brunt of the losses because of those earnings, despite another day ...

The dollar and 10-year Treasury yield fell sharply yesterday opening the door for a rally in stocks, which is of course what happened. The Dow gained 337-points making it three days in a row on the upside. The Nasdaq and small caps led with gains of 2.25% and 3% respectively. Unfortunately there was a lot of selling after the bell when Microsoft, Google, and others, reported earnings.

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