Reports

*** Please see the bottom of this report for important disclaimers and disclosures.*** Equity indices shift to toppy from choppy SPX stalled at broken DMAs to increase H&S top risk and expose key 6550 support The S&P 500 (SPX) gapped higher on today’s (11/20) open following Nvidia’s (NVDA) blowout earnings and guidance after yesterday’s close, but early strength stalled and selling pressure emerged after testing tactical resistance at the broken 13-, 26-, and 40-day moving a

*** Please see the bottom of this report for important disclaimers and disclosures.*** Equity indices shift to toppy from choppy SPX stalled at broken DMAs to expose key support at 6550 The S&P 500 (SPX) gapped higher on today’s open following Nvidia’s (NVDA) blowout earnings and guidance after the close yesterday. However, intra-day strength stalled and selling pressure appeared after testing a tactical resistance zone defined by the broken 13-, 26-, and 40-day moving avera

*** Please see the bottom of this report for important disclaimers and disclosures.*** Three bulls: ASND, AIZ, and BKR. One bear: GFS ASND, AIZ, and BKR have bullish setups as GFS remains vulnerable Ascendis Pharma (ASND) has confirmed a major 2020–2025 base breakout and stays constructive above 187–180, with upside targets at 255 and 295. Assurant (AIZ)  is breaking out from a late 2024–2025 consolidation pattern, which remains firmly in place above 222–220 and favors upsi

*** Please see the bottom of this report for important disclaimers and disclosures.*** XLV and XLE show tactical leadership as XLY struggles   Healthcare and Energy consistent leaders over the last three months   Healthcare and Energy have shown consistent leadership over the last three months, with stronger returns than the S&P 500 (SPX) over the last week, month, and three months. Healthcare reached a 52-week closing basis high and a 13-week relative high last week. Energy

*** Please see the bottom of this report for important disclaimers and disclosures.*** Ominous signals increase risk for deeper pullback SPX: Bearish in-neckline candle pattern provides an overhang entering this week Last Thursday and Friday formed a bearish in-neckline candle pattern on the S&P 500 (SPX) (Nov 17 Straight from the Chart ). This pattern indicates that Friday’s rebound was likely a dead-cat bounce and provides an overhang entering this week. The SPX has also p