In his latest weekly market video, Chris Ciovacco of Ciovacco Capital walks through a broad set of technical charts and indicators to answer one key question: do current market conditions align with a bottoming process in stocks? After the S&P 500 gained over 3% in the past five trading sessions, the evidence continues to lean toward “so far, so good” — with breadth indicators, credit markets, and key moving averages all holding at critical support levels. While short-term hurdles remain, the weight of evidence looks far more like the corrections of 2023 and early 2025 than the bear market of 2022. Watch the full video breakdown below.
Tariffs May Not Slow Profit Momentum
March 28, 2018 by 2 Comments
BIG IMPACT OR SMALL IMPACT? U.S. Treasury Secretary Steven Mnuchin indicated Sunday the U.S. is hopeful to strike a deal with China, which means the tariffs would never go into effect. However, if a deal cannot be reached, how significant are the tariffs relative to the big picture? From CNBC: Jeremy Zirin, head of investment strategy […]
