Category Archive: Weekly Review

Dec 14

Weekend Review and Watchlist

AlphaCapture

Stocks took the proverbial elevator down this week, undoing 5 weeks of gains in one fast move. We’ve seen the ‘stairs up, elevator down’ action plenty of times before. Looking at the weekly chart of the $SPY this is the fourth such instance in the last year. So far there’s nothing to suggest this will be …

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Dec 06

Weekend Review and Watchlist

AlphaCapture

A data-heavy week provided plenty of material for commentators to update their narratives and forecasts for 2015, but as ever the real takeaway was ‘what did price do?’ The NASDAQ, which in recent weeks has been strongest of all, eased back slightly, while the Dow and S&P rose for a seventh straight week to finish …

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Nov 29

Weekend Review and Watchlist

AlphaCapture

Despite a holiday-shortened week we still had one exit and two new entries, but the biggest story of the week unfolded while stocks were closed for Thanksgiving, as oil prices plunged in the futures markets and its follow through on Friday was felt heavily across the energy sector as the stockmarket re-opened for its half-day …

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Nov 21

Weekend Review and Watchlist

AlphaCapture

Earlier this week I sarcastically noted it was very generous of Mr. Market to give everyone a chance to get positioned for the correction that the latest batch of goldfish with their six-second memory were forecasting. Instead, I ventured, a range as narrow and tight as we had seen was more likely to produce a …

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Nov 15

Weekend Review and Watchlist

AlphaCapture

This week, rather than showing the S&P, which again finished at new highs, I’m going to show a weekly chart of the DAX. I shared this chart several times as a talking point prior to that big break of support in October, as it looked as if Europe could lead the US to the downside. …

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Nov 08

Weekend Review and Watchlist

AlphaCapture

It’s incredible that the most recent correction already seems like a distant memory with the S&P tacking on a further 0.7% this week, an impressive follow through to the previous week’s 2.7% advance. But this is what bull markets do. They go up on good news, they go up on bad news, they go up …

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Nov 01

Weekend Review and Watchlist

AlphaCapture

Another market pullback over, another vicious V-shaped reversal in place, returning us to all time highs. This one clocked in at -7.4% on a closing basis. I have no doubt the next batch of top-callers are moving from make-up to the green room as we speak. For those that tried to call it this time …

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Oct 24

Weekend Review and Watchlist

AlphaCapture

In last week’s review I stated:- “Is that it? I have no idea. Certainly a correction of around 7% would fit very neatly into the typical range of corrections, and it would look very similar to the last test of the 200-day MA two years ago. The 200-day hasn’t started to roll over just yet, …

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