Daily Archives: August 13, 2019

Bad bad BAD news for the bulls. The single most important chart for the stock market is the NYSE’s breadth. This ALWAYS and I do mean ALWAYS leads the broader market. When breadth outperforms the S&P 500 to the upside, … Continue reading →

Posted on August 13, 2019 by Phoenix Capital Research | Comments Off on This is Single Most Important Chart For Predicting the Next Market’s Move

Stocks closed the gap I mentioned on Thursday (the red rectangle), they are now consolidating before their next move. Breadth which leads stocks, suggests it will be a move higher, probably to the 2,800-3,000 range on the S&P 500 (blue … Continue reading →

Posted on August 13, 2019 by Phoenix Capital Research | Comments Off on We Closed the Gap… Now What?