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Weekly Update for April 13 to April 17 | Main | Weekly
Update for April 27 to May 1 »
The stock market continues to defy
gravity and refuses to have any meaningful size correction. Based on ALL
of our internal measures the market risk clearly outweighs the potential
reward. Our current assessment is: U.S. stock market (Sick – Down Bias)
and U.S. bonds (Healthy – Neutral Bias). Once again we encourage a focus on
bond yield levels to tip the stock market hand. Specifically, should the
30 year yield (TYX) rise above 4.0% it would be quite bullish for the stock
market in the short term. If this scenario were to unfold, the S&P500
could easily rise to 950. The key support level for TYX is 3.4% and would
most likely indicate deflation concerns and a very sick stock market.
Watch these key levels and Live a Vital Life.
For additional information please visit
www.Envital.com
or email questions to [email protected]
Vital Information - Vital Life
The win streak for the S&P500 was
finally broken this week and we think this week could be a major pivot time for
the next big move. Our current assessment is: U.S. stock market (Sick – Down Bias)
and U.S. bonds (Healthy – Upward Bias). Everyone is watching the
S&P500 875 resistance level and the 830 support area. A break from
these levels this week would be significant and is likely. Bond yields
are at critical levels as well (30 year bond yield is near 4% and the 10 year
yield is at 3%), also pointing to the importance of the upcoming week.
Watch these key levels and Live a Vital Life.
For additional information please visit
www.Envital.com
or email questions to [email protected]
Vital Information - Vital Life