Knock-Not To New Highs?

Knock-Not To New Highs?

Astute Strategist Blog   Market Context Happy Canada Day and 4th of July, The S&P 500 started the week off at 2951 and then things looked as if the were no bulls in sight, having hit a low of 2913 in a slow yet gradual move lower and then came the rest of the...
New Highs, Now What?

New Highs, Now What?

Market Context Good Sunday evening to all, A rally in excess of 200 points in two weeks the S&P 500, new intraday all-time highs and in the end there’s lackluster follow through. This week the S&P 500 settled at 2950 and the Dow at 26,719 even gold came...
Taking A Breather Before All-Time Highs!?

Taking A Breather Before All-Time Highs!?

Astute Strategist Blog Market Context Good Saturday to all, Let’s take a step back for a moment, and consider the fact that this market finished a 150 point swing last week getting overly bullish and all economists looking brilliant as they go from saying...
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...