Weekly Memorandum 8/15/2022
Stocks were up again last week and closed out near the highs, which is textbook bullish price action. We are finally starting to see...
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Equity traders watch for signs of breakout stocks.
Stocks were up to continue the bull market, but Bitcoin, Ethereum, and Litecoin were too.
Tesla, Netflix, Amazon, Google, Facebook, and Apple were all up during the trading day.
Equity traders watch for signs of breakout stocks.
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Ioannis Achilleus
Aug 8, 20221 min read
Weekly Memorandum 8/8/2022
Stocks capped off a fairly constructive week, closing near the highs. We continue to observe leadership from key sectors like tech, which...
25 views0 comments
Ioannis Achilleus
Aug 1, 20221 min read
Weekly Memorandum 8/1/2022
The equity rebound continued, and we just barely closed above a key resistance level on Friday in the S&P. The Nasdaq continued to lead...
23 views0 comments
Ioannis Achilleus
Jul 25, 20221 min read
Weekly Memorandum 7/25/2022
Stocks continued their rebound last week, but gave back some of those gains on Friday. Don't be surprised to see some backfilling this...
27 views0 comments
Ioannis Achilleus
Jul 18, 20221 min read
Weekly Memorandum 7/18/2022
Equity markets were down last week, but on Friday, gapped up and closed near the highs. This was a very key bit of price action that not...
17 views0 comments
Ioannis Achilleus
Jul 11, 20221 min read
Weekly Memorandum 7/11/2022
Stocks recovered nicely last week after the holiday weekend, and we saw notable leadership from the Nasdaq. Leadership was also observed...
12 views0 comments
Ioannis Achilleus
Jun 13, 20221 min read
Weekly Memorandum 6/13/2022
Stocks once again gapped down and closed near the lows of the day on Monday, continuing the bearish momentum acceleration that resurfaced...
16 views0 comments
Ioannis Achilleus
May 31, 20221 min read
Weekly Memorandum 5/31/2022
Stocks finished strongly last week and closed above a key resistance level. This increases the odds that a short-term low formed,...
17 views0 comments
Ioannis Achilleus
May 23, 20221 min read
Weekly Memorandum 5/23/2022
Stocks were down again last week, falling to new multi-month lows, which was in alignment with the bearish expectations we set forth in...
15 views0 comments
Ioannis Achilleus
Apr 25, 20221 min read
Weekly Memorandum 4/25/2022
Stocks closed out near the week's lows on Friday, which is hardly a bullish characteristic. Tech led the market lower again, an ominous...
14 views0 comments
Ioannis Achilleus
Apr 18, 20221 min read
Weekly Memorandum 4/18/2022
Stocks ended last week on a defensive note as the low-liquidity environment exacerbates volatility. Tech continues to lag and lead the...
18 views0 comments
Ioannis Achilleus
Apr 4, 20221 min read
Weekly Memorandum 4/4/2022
Stocks finished higher last week, with the exception of the Dow. After making a new post-correction high, stocks retreated but caught a...
13 views0 comments
Ioannis Achilleus
Jan 24, 20222 min read
Weekly Memorandum 1/24/2022
Stocks were crushed last week as we saw months' worth of gains erased in just a few days. This is as bearish as it gets with respect to...
23 views0 comments
Ioannis Achilleus
Dec 20, 20211 min read
Weekly Memorandum 12/20/2021
Stocks ended last week on a defensive note, and the weakness has carried over into the new week thus far, as we see equity indices across...
11 views0 comments
Ioannis Achilleus
Dec 13, 20211 min read
Weekly Memorandum 12/13/2021
The S&P closed at a record high on Friday, but not at a new intraday high. Unless the Dow and Nasdaq can follow suit, it could turn into...
9 views0 comments
Ioannis Achilleus
Dec 6, 20211 min read
Weekly Memorandum 12/6/2021
Despite a decent late-day rally on Friday, stocks finished last week on a defensive note. There has been a growing consensus surrounding...
11 views0 comments
Ioannis Achilleus
Nov 22, 20211 min read
Weekly Memorandum 11/22/2021
Stocks were split last week as the Nasdaq rallied to a new all-time high, while the Dow dropped to a multi-week low. This speaks to the...
6 views0 comments
Ioannis Achilleus
Nov 1, 20211 min read
Weekly Memorandum 11/1/2021
All major equity indices closed at their highest daily, weekly, and monthly levels in history. It really doesn't get more bullish than...
8 views0 comments
Ioannis Achilleus
Sep 27, 20212 min read
Weekly Memorandum 9/27/2021
After a volatile start last week, the Fed came out to save the day, and stocks formed a higher-low. A strong rally followed and equities...
11 views0 comments
Ioannis Achilleus
Mar 29, 20211 min read
Weekly Memorandum 3/29/2021
Stocks staged a dramatic "3:30 ramp rally" on Friday, and we saw the highest weekly closes achieved in history in both the S&P and Dow. ...
17 views0 comments
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