Dow 23,000 And A Steal Of A Deal!?

Dow 23,000 And A Steal Of A Deal!?

Astute Strategist Blog   Market Context Good day, On May 14th, 2019, I wrote to Astute Insiders, that so long as the Dow stays above 25,300 with added support at 25,200 we should see a sizeable bounce in the market and did we ever see it. The Dow took off to...
A Solid Bounce Off 2900 & Our Next Stock

A Solid Bounce Off 2900 & Our Next Stock

Astute Strategist Blog Market Context Happy Sunday! Two weeks ago I wrote that if the S&P 500 closed above 2915, testing the all-time highs would be next. Low and behold, this week we not only tested the all-time highs, we tested, closed above and made a new...
From Dull to Sharp and ABOVE 2900

From Dull to Sharp and ABOVE 2900

Astute Strategist Blog Market Context Happy Saturday, Through the first half of the week, it looked like we were going to yet again have the S&P 500 (SPX) fall short of closing the week above the big 2900 price level. Having started the week at the 2888 level,...
All that Glitters is…

All that Glitters is…

Astute Strategist Blog Market Context Happy Sunday, Shakespeare once said “All that glitters is not gold”, this market seems to glitter endlessly and investors on a buying frenzy as if to say there’s no reason to sell. After the first week in April,...
How Resilient Is The Stock Market!?

How Resilient Is The Stock Market!?

Astute Strategist Blog Market Context Good Saturday, How resilient is the stock market? Looking back at where the market was in December of 2018 and where we are now, it has been a straight shot to the upside. Do any of us remember the S&P 500 being below 2500 or...
No News Is …Bullish!

No News Is …Bullish!

Astute Strategist Blog Market Context Good day, Was it really only 1 week ago that we were looking at the S&P 500 (SPX) trended lower and possibly testing the support level of 2700!? A week ago on March 8th, we saw a low of 2722 in the SPX, fast forward 5 trading...
FREE And CLEAR?

FREE And CLEAR?

Astute Strategist Blog Market Context Happy Weekend, The S&P500 closes above 2800 for the week and all is right with the bull market? Looking closely at this market and where it is headed, it almost indeed seems to good to be true. Consider the fact almost all 3...
Livin’ On A Prayer!?

Livin’ On A Prayer!?

Astute Strategist Blog Market Context Good day all, As we get to the last week of February, we are looking at the indexes advancing to higher highs. Take into consideration the words of a dovish Fed along with the mention, rumor or slightest hint of China trade talks...
Bull Or Bear Trap?

Bull Or Bear Trap?

Astute Strategist Blog Market Context Good day all, What a week and nothing to show for it. The S&P 500 moved a whopping 1.39 points for the week. The important piece of information is where the S&P reached and where it closed. Having hit a high this week of...