Access Wealth Group

Wealth management for the ultra-wealthy, made simple for you! ***Tweets are not investment advice.

[Jeff Liu @Aurimax_Access]

With the Fed's pivot, there is a strong likelihood that the market will end with a positive 2024. The probability of this outcome is further heightened with the approaching presidential election. For details, please read our blog https://t.co/nTR8pwaXvm

[Access Wealth Group @AccessWG]

Market remains strong, but we continue to watch $SPX $4774. Bulls ideally regain this level early next week.

[Jonathan M. Gurney @jonathan_gurney]

There remains a divergence in New Highs vs New Lows, but price action isn’t suggesting any damage at this time. $SPX for now remains above the 5dma. $IWM has been a bit weaker the past two days. The McClellan Index, not really showing any issues at this time either.

[Access Wealth Group @AccessWG]

What a launch it was! @Aurimax_Access @Navin_MD @NishadParmar @jonathan_gurney @RyanRetcher

[Jonathan M. Gurney @jonathan_gurney]

The Eurozone has been quite strong the past few days making me interpret our markets as “in consolidation”mode for now. Trend remains up.

[Access Wealth Group @AccessWG]

The trend continues. Nice internal rotations under the hood this week!

[Jonathan M. Gurney @jonathan_gurney]

$SPX lines and levels. See if we can hold $4587 today!

[Access Wealth Group @AccessWG]

Lines and levels. $SPX 4242 needs recaptured. $4225 brawl.

[Access Wealth Group @AccessWG]

Lines and Levels. $SPX $4274 is a big level that we are testing now. $4260 needs to hold. Breadth, as we know, is collectively ugly but $QQQ can hold us up if it wants to! Tricky spot! Could go either way here.

[Jonathan M. Gurney @jonathan_gurney]

Lines and level… $SPX $4287 needs recaptured fast and hold $4274, otherwise there is a gap below. Trending down, but anything can happen overnight. A lot of people saying the 200dma is inevitable. My guess is they make it really hard short term to get there.

[Access Wealth Group @AccessWG]

Interesting!

[Barchart @Barchart]

U.S. Dollar Index $DXY just had its 10th consecutive green week, its longest winning streak in 9 years! 🇺🇸

[Access Wealth Group @AccessWG]

Lines and levels! $SPX Broke the major blue line with a gap through it with no hesitation! When the market can do that overnight, you get out the way and respect it.

[Access Wealth Group @AccessWG]

Will $SPX $4335 be a magnet? Right at $4357 now.

[Access Wealth Group @AccessWG]

$SPX lines and levels. $SPX $4450 was lost and the market didn’t like that. Support $4417 is a big one!

[Access Wealth Group @AccessWG]

Ugly end to the week for the market. Overall, still feels as if the market remains in chop fest within a short-term downtrend. This market appears to need events and economic data to squeeze. Take a look at sectors and indices. The recency bias plays tricks; not terrible.

[Access Wealth Group @AccessWG]

Lines and levels $SPX 10:10 am.

[Charlie Bilello @charliebilello]

US Bonds are down 7% over the last 4 years, their worst 4-year return in history.

[Access Wealth Group @AccessWG]

Overall a growth and $XLE day. Another strongest SCRT rating day. Value and specifically $IWM and $KRE ugly.

[Access Wealth Group @AccessWG]

Let’s see if we get a breadth cross. Certainly improvement this week.

[Jonathan M. Gurney @jonathan_gurney]

Value day today (first chart). Complete opposite from yesterday (second chart) with the exception of $XLE.

[Jonathan M. Gurney @jonathan_gurney]

Today was a growth/strongest SCTR ratings day. Value, $XLV kind of ugly and surprising, honestly. Overall, no real damage. Just giving time for moving averages to play catch-up. Have to be objective. Zero key levels were lost today and the past two days has reset overbought lvls.

[Jonathan M. Gurney @jonathan_gurney]

$SPX lines and levels. Resistance $4387 & $4407. For anything real $4407 must recapture. Support now $4366, $4355.