Weekly S&P500 ChartStorm - 28 April 2024
This week: sentiment and flows, market health check, earnings tricks and tales, big cycles in small caps, inheritances, hyper-trading, margin debt demise...
Welcome to the latest Weekly S&P500 #ChartStorm!
Learnings and conclusions from this week’s charts:
Sentiment has undergone a partial reset.
Technicals remain tenuous (index remains below short-term resistance, macro/intermarket indicators not confirming bounce).
ex-Mag 7 Earnings are set to outpace Mag 7 later this year.
Small cap stocks are extreme cheap v…
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