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Jason Ruchel

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Weekly Market View 11-10-24

The SPX closed sharply higher for the week by nearly 5% and much stronger returns for the small cap Russell index up over 8% on the week. The SPX tagged our long awaited 6000 round number target and with several weeks to spare before year end. The markets now have...

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Weekly Market View 11-3-24

The SPX closed lower on the weekly as the end of month typical profit taking took place after a strong recent run and that big 1.272 fib extension resistance mentioned has held firm as a first ceiling. Prices now pulling into the rising 8 week EMA and likely will be...

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Weekly Market View 10-27-24

The SPX closed slightly lower on the week but overall a choppy rangebound few days following options expiration as noted last week was likely to see some volatility expand. Strong dip buyers were present midweek as the SPX tested the 21 day EMA near 5775 and rallied...

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Weekly Market View 10-20-24

The SPX closed higher on the week by nearly +1%, continuing a strong streak of upside advances since the mid-September reversal day that showed clear breadth thrusts supporting new highs on deck. October OPEX now has passed and while the election is still a few weeks...

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Weekly Market View 10-13-24

The SPX closed higher on the week by +1.2% and a new all time closing high on Friday right into the 5820 fib extension target as a short term level to be aware of as monthly OPEX now approaches this coming week. The mega cap Tech stocks joined in this week with...

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