DAY HAGAN TECH TALK

Day Hagan Tech Talk: March 18, 2017

DAY HAGAN TECH TALK

Small Cap: Lead The Bounce. Large Cap: More Consolidation Than Correction.

Written by: Art Huprich, CMT

Posted April 25, 2017

Domestic and global equity markets continue to support a bullish non-trading backdrop, while small caps are exhibiting a positive near-term change of character.


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Day Hagan Tech Talk: March 18, 2017

DAY HAGAN TECH TALK

Charts: A Windsock, Not A Crystal Ball

Written by: Art Huprich, CMT

Posted April 18, 2017

Where does the S&P 500 officially reach "oversold" levels, and what near-term tactical levels should be followed?


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Day Hagan Tech Talk: March 14, 2017

DAY HAGAN TECH TALK

Amidst The Mess In The Swamp...

Written by: Art Huprich, CMT

Posted April 11, 2017

In light of the seeming confusion of our newly elected officials, let's turn to the tape for what is really happening on Wall Street.


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Day Hagan Tech Talk: March 14, 2017

DAY HAGAN TECH TALK

Following The Large Cap Sell Off, Our 'Watch List' Has Quickly Expanded

Written by: Art Huprich, CMT

Posted March 28, 2017

Within the current correction/consolidation period, my 'watch list' of indicators and relationships to monitor has rapidly expanded.


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Day Hagan Tech Talk: March 14, 2017

DAY HAGAN TECH TALK

Day Hagan Tech Talk: March 22, 2017

Written by: Art Huprich, CMT

Posted March 22, 2017

The recent technical deterioration has spilled over into the Large Cap arena. Consequently, the odds look to favor the S&P 500 retesting the lower end of a trading band, currently in the area of 2300.


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Day Hagan Tech Talk: March 14, 2017

DAY HAGAN TECH TALK

With New Lows Increasing Odds Favor Another Near-term Consolidation Period Or Pullback.

Written by: Art Huprich, CMT

Posted March 14, 2017

With buying pressure slowing and new 52-week lows moving grudgingly higher, the odds favor another near-term consolidation period (i.e. December 2016-January 2017) or a pullback.


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Day Hagan Tech Talk: March 7, 2017

DAY HAGAN TECH TALK

Near-term Crack In The Armor

Written by: Art Huprich, CMT

Posted March 7, 2017

Cracks in the ratio of small caps to large caps, and the Small Cap Advance-Decline Line, should be respected.


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Day Hagan Tech Talk: February 28, 2017

DAY HAGAN TECH TALK

While Small Caps Continue To Languish, Near-term Market Rotation Picks Up

Written by: Art Huprich, CMT

Posted February 28, 2017

While one week doesn't make a trend, money is rotating towards defensive areas of the market. As the DJIA moves towards resistance, if this continues, it usually precedes some type of consolidation period or a pullback.


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Day Hagan Tech Talk: February 14, 2017

DAY HAGAN TECH TALK

Sentiment and Momentum Divergences Are A Concern, Yet The Time Correction Ended And Produced A Large Cap Breakout

Written by: Art Huprich, CMT

Posted February 14, 2017

From a non-trading perspective, a bullish pattern of "higher price troughs and higher price peaks" continues. Near term, while "trend" remains bullish, momentum divergences make me uncomfortable.


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Day Hagan Tech Talk: February 7, 2017

DAY HAGAN TECH TALK

Health Care Sector Showing Signs of Technical Improvement

Written by: Art Huprich, CMT

Posted February 7, 2017

Improving breadth readings in the broad Health Care sector, defined in this case by advance-decline and high-low readings, are a reflection of technical improvement/strength.


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Day Hagan Tech Talk: January 31, 2017

DAY HAGAN TECH TALK

While Sentiment Remains An Issue, The Time Correction Continues Accompanied By Cyclical Strength

Written by: Art Huprich, CMT

Posted January 31, 2017

In what appears to be an increasing inflationary back drop, the S&P 500 continues to experience a "time correction."


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Day Hagan Tech Talk: December 20, 2016

DAY HAGAN TECH TALK

While A Time Correction Versus A Price Correction Continues, Sentiment Still Remains A Near-term Issue

Written by: Art Huprich, CMT

Posted January 17, 2017

Equity markets can work off an overbought price condition in two ways: a price correction or a time correction. The S&P 500 has moved laterally since early December and, in essence, worked down an overbought condition.


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Day Hagan Tech Talk: December 20, 2016

DAY HAGAN TECH TALK

Day Hagan Tech Talk: December 20, 2016

Written by: Art Huprich, CMT

Posted December 20, 2016

Within the context of a long-term bull market, a near-term pause or consolidation period would be welcomed. However, capital gains selling is not likely to occur until 2017.


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Day Hagan Tech Talk: November 22, 2016

DAY HAGAN TECH TALK

Near-term Overbought and Waning Momentum Versus Positive Seasonals and Performance Anxiety

Written by: Art Huprich, CMT

Posted December 6, 2016

Waning momentum equates to a potential near-term mean reversion pullback or consolidation period. However, given a positive seasonal backdrop and performance anxiety, the onus remains on the bears going into year-end.


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Day Hagan Tech Talk: November 22, 2016

DAY HAGAN TECH TALK

Performance Anxiety Is Now At Work

Written by: Art Huprich, CMT

Posted November 22, 2016

A near-term overbought condition could lead to downside probing post-Thanksgiving. However, the increase in volume off the election lows coupled with year-end performance anxiety favors “stair-step” gains into year-end.


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Day Hagan Tech Talk: November 8, 2016

DAY HAGAN TECH TALK

Thank You For Voting, I (We) Need The Relief And 200-Day Moving Average Holds

Written by: Art Huprich, CMT

Posted November 8, 2016

I am relieved the voting period is finally coming to an end, and I am also relieved the S&P 500’s rising 200-day moving average contained the recent decline. However, all bets are off if the election results are disputed.


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Day Hagan Tech Talk: October 25, 2016

DAY HAGAN TECH TALK

Walking A Tightrope

Written by: Art Huprich, CMT

Posted October 25, 2016

Is it any wonder the S&P 500 continues to walk a tightrope as it contends with tactical support along with ongoing technical, fundamental and economic cross currents? Plus the elections!


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Day Hagan Tech Talk: October 11, 2016

DAY HAGAN TECH TALK

Challenging Short-term Tape Action Continues

Written by: Art Huprich, CMT

Posted October 19, 2016

While the intermediate-term trend is supportive of equities, the short-term trend has been, and remains, more challenging. Consequently, please pay special attention to S&P 500 support at 2120.


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Day Hagan Tech Talk: September 27, 2016

DAY HAGAN TECH TALK

With Central Banks Out Of The Way (For Now), Seasonality And Earnings Become The Focus

Written by: Art Huprich, CMT

Posted September 27, 2016

Advance-Decline Lines hit new highs recently—bullish intermediate term. In the short term, however, since fund managers tend to clean house at the end of the quarter, place attention on S&P 500 support between 2125 and 2120.


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Day Hagan Tech Talk: September 13, 2016

DAY HAGAN TECH TALK

Probabilities, Not Certainties

Written by: Art Huprich, CMT

Posted September 13, 2016

In terms of a final low/bottom, watch for: a) a spike in bearish sentiment, b) a spike in NYSE new 52-week lows and c) as Don Hagan discussed recently, “a reversal day with a breadth thrust.”


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Day Hagan Tech Talk: August 30, 2016

DAY HAGAN TECH TALK

Calendar Remains A Near-term Hindrance, But Intermediate-term Trend Still Positive.

Written by: Art Huprich, CMT

Posted August 30, 2016

While the S&P 500’s intermediate-term price trend is positive, the calendar, sentiment and short-term divergences are a problem.


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Day Hagan Tech Talk: August 23, 2016

DAY HAGAN TECH TALK

Patience

Written by: Art Huprich, CMT

Posted August 23, 2016

As domestic interest rates consolidate, similar to domestic equities, it is usually a bullish sign when the “average stock” participates during rally periods.


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Day Hagan Tech Talk: August 16, 2016

DAY HAGAN TECH TALK

Calendar May Be A Hindrance, But Still No Signs Of Major Internal Distribution

Written by: Art Huprich, CMT

Posted August 16, 2016

With momentum slowing, the historical seasonal rough patch between late August and October may be a hindrance. However, no signs of major internal distribution currently exist.


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Day Hagan Tech Talk: August 2, 2016

DAY HAGAN TECH TALK

Short-term Correction: Further Consolidation But Burden Still On The Bears

Written by: Art Huprich, CMT

Posted August 2, 2016

While a correction and/or a further period of consolidation is inevitable, there has been little evidence of internal distribution.


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Day Hagan Tech Talk: July 19, 2016

DAY HAGAN TECH TALK

Breakout

Written by: Art Huprich, CMT

Posted July 19, 2016

In 2015 a handful of stocks led the U.S. equity market. Since the February 2016 low, the broad market has been participating. Until breadth divergences develop, this provides a supportive domestic equity market backdrop.


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Day Hagan Tech Talk: July 5, 2016

DAY HAGAN TECH TALK

Obersvations: Past and Future

Written by: Art Huprich, CMT

Posted July 5, 2016

On multiple occasions the S&P 500 has failed to break above resistance. To reclassify its neutral intermediate-term trend, a new closing high is needed, accompanied by bullish internal tape readings. Until then...


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Day Hagan Tech Talk: June 28, 2016

DAY HAGAN TECH TALK

Day Hagan Tech Talk: June 28, 2016

Written by: Art Huprich, CMT

Posted June 28, 2016

Based on the percentage of stocks above 50-day and 20-day moving averages, domestic equity indices are close to but not yet at “oversold” levels.


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Day Hagan Tech Talk: June 21, 2016

DAY HAGAN TECH TALK

Same Story (Internal Rotation), Different Verse

Written by: Art Huprich, CMT

Posted June 21, 2016

Due to currency movement, shifts in sentiment, a supportive technical backdrop and fund flows, expect sector rotation to continue through the summer months, versus a large market decline.


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Day Hagan Tech Talk: June 14, 2016

DAY HAGAN TECH TALK

Day Hagan Tech Talk: June 14, 2016

Written by: Art Huprich, CMT

Posted June 14, 2016

Given the influence the U.S. dollar has on the direction of commodities, the U.S. Dollar Index continues to be a main focus for Day Hagan Asset Management.


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Day Hagan Tech Talk, June 7, 2016

DAY HAGAN TECH TALK

Frustration Abounds

Written by: Art Huprich, CMT

Posted June 7, 2016

Frustration abounds as there has been continual rotation within the S&P macro sectors and no serious broad market decline. On any close above resistance, we need to see new 52-week highs expand. Otherwise...


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Day Hagan Tech Talk, May 24, 2016

DAY HAGAN TECH TALK

Every-Other-Week Syndrome

Written by: Art Huprich, CMT

Posted May 24, 2016

Over the past ten weeks, the S&P 500 has closed the week higher five times and lower five times. Don’t be surprised if this type of tape action continues deeper into the summer months..


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Day Hagan Tech Talk May 17, 2016

DAY HAGAN TECH TALK

Perspective

Written by: Art Huprich, CMT

Posted May 17, 2016

The PowerShares DB Agriculture Fund (DBA) chart shows a good example of how bottoms are formed.


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Day Hagan Tech Talk May 10, 2016

DAY HAGAN TECH TALK

Bumper Cars

Written by: Art Huprich, CMT

Posted May 10, 2016

As if they were riding bumper cars, many investors are suffering whiplash caused by the S&P 500 over the past 18 months, as no discernible trend exists. With the summer months upon us, expect more of the same.


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Energy (GHZS8) Chart provided by Griffin Hagan Investment Research.

DAY HAGAN TECH TALK

Despite The Rotation, The S&P 500 Hit Resistance; Be Mindful Of Current Divergences

Written by: Art Huprich, CMT

Posted April 26, 2016

With the onset of earnings, selling pressure is being felt in certain areas of the equity market. At the same time, value and economically sensitive areas are catching a bid. Thus, please be mindful of divergences!


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Materials (XLB) Price Trend Chart

DAY HAGAN TECH TALK

Day Hagan Tech Talk: April 20, 2016

Written by: Art Huprich, CMT

Posted April 20, 2016

Based on the S&P macro sectors, fatigue is evident. Yet pockets of relative strength can be identified.


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Day Hagan Tech Talk April 12, 2016

DAY HAGAN TECH TALK

Patience, Grasshopper, Patience

Written by: Art Huprich, CMT

Posted April 12, 2016

The Wilshire 5000 Index needs to get above resistance at 21,400 in order to put another “feather in the cap” of the bulls. Until then, our opinion is that a pullback/consolidation period remains at hand.


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