Tag: Bullish

Weekly S&P 500 ChartStorm – Bullish Breadth Breakout

Those that follow my personal account on Twitter will be familiar with my weekly S&P 500 #ChartStorm in which I pick out 10 charts on the S&P 500 to tweet. Typically I’ll pick a couple of themes to explore with the charts, but sometimes it’s just a selection of charts that will add to your perspective and help inform your own view – whether its bearish, bullish, or something else!

The purpose of this note is to add some extra context and color. It’s worth noting that the aim of the #ChartStorm isn’t necessarily to arrive at a certain view but to highlight charts and themes worth paying attention to. But inevitably if you keep an eye on the charts they tend to help tell the story, as you will see below.

So here’s another S&P 500 #ChartStorm write-up!!

1. Checking in on some of the key levels for the

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Wall Street strategy chief says the market is flashing bullish signals as more stocks start to rally


  • Miller Tabak’s chief market strategist told CNBC on Friday the stock market is signaling it has upside potential before Election Day. 
  • Matt Maley cited the outperformance of the Russell 2000 index and said small-cap stocks and chip stocks have room to grow. 
  • He’s less optimistic about the market in the long term, however. A second wave of the coronavirus and an expensive market could be bearish after the election, he said. 

Matt Maley of Miller Tabak  told CNBC on Friday that the stock market is signaling it has upside potential before Election Day.

The chief market strategist said he is watching the recent outperformance of small-cap stocks. As of Thursday, the Russell 2000 small-cap index was up almost 6% week-to-date, compared to a roughly 3% gain in the S&P 500. The broadening out of the stock market rally, which was previously dominated by mega-cap tech names, is

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A Wall Street strategy chief says the market is flashing bullish signals as more stocks start to rally



a man wearing a suit and tie: CNBC TV


© CNBC TV
CNBC TV

  • Miller Tabak’s chief market strategist told CNBC on Friday the stock market is signaling it has upside potential before Election Day. 
  • Matt Maley cited the outperformance of the Russell 2000 index and said small-cap stocks and chip stocks have room to grow. 
  • He’s less optimistic about the market in the long term, however. A second wave of the coronavirus and an expensive market could be bearish after the election, he said. 

Matt Maley of Miller Tabak  told CNBC on Friday that the stock market is signaling it has upside potential before Election Day.

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The chief market strategist said he is watching the recent outperformance of small-cap stocks. As of Thursday, the Russell 2000 small-cap index was up almost 6% week-to-date, compared to a roughly 3% gain in the S&P 500. The broadening out of the stock market rally, which was previously dominated by

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S&P 500 Weekly Update: Reasons To Sell Are Numerous, But The Long-Term Bullish Trend Trumps Them All

“We are drowning in information but starved for knowledge.” – John Naisbitt

Entering this week, the S&P 500 and Nasdaq were down for three straight weeks, and while the magnitude of the declines is nothing near what we saw in the spring, the streak of weekly declines is the longest in more than 11 months for the S&P 500 and 13 months for the Nasdaq. Indeed the stock market has withstood a major shock this year and responded far better than most analysts believed.

The final quarter of 2020 is here next week, and with all the “risks” being highlighted, volatility is likely to remain elevated. There are always at last two ways to view the stock market at any given time. From an optimistic point of view, there is the potential for favorable results from the Phase III clinical trials as early as the end of October, the elections

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Analysts bullish again on Canadian banks as five out of Big Six surpass expectations | Perspectives-On-Business | Business

The future no longer looks grim for the Big Six Canadian banks, analysts said, after all-but one of them reported a better-than-expected fiscal third quarter that could even pave the way for a dividend hike in early 2021.

The banks are still attempting to recover from the worst of the COVID-19-induced economic shutdown but five of the six were able to widely beat analyst expectations because of record showings in their capital markets divisions.

Overall, the numbers are still bad, but they’re already a massive improvement from the second quarter, when the group reported that profits had fallen by 50 per cent. The largest profit losses this time around hit 30 per cent, but stalwarts like Royal Bank of Canada and the National Bank of Canada only reported one and two per cent declines respectively. Loan loss provisions, meanwhile have been sliced by hundreds of millions of dollars, with RBC

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Frank Dunphy, the Bullish Business Manager Who Helped Damien Hirst Amass Millions, Has Died

Frank Dunphy, the business brain behind Damien Hirst and several other successful YBAs, died on Sunday. He was 82.  

A voluble Irishman known for his pinstriped suits and bowties, Dunphy began working as Damien Hirst’s business manager in 1995 and played no small part in the artist’s rapid rise to financial success as an art world enfant terrible.

At the height of Hirst’s fame, Dunphy renegotiated arrangements with dealers, often securing between a 70 to 90 percent cut of gallery sales for his client—far exceeding the typical 50-50 artist-gallery split. Other times, he encouraged Hirst to circumvent the gallery system altogether, helping to strike deals with auction houses to sell the artist’s new work directly to collectors. 

On the eve of the 2008 recession, he convinced Hirst to put up 223 works for sale at Sotheby’s, bypassing the artists’ galleries, White Cube and Gagosian. The sale raked in $148 million—an

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