May 6 Stock Market Preview: Breadth didn’t look so great Tuesday, yet markets pressed higher, largely thanks to the semiconductors. With today’s move negating yesterday’s potential start to a decline, will we ever see a down day again? Are bears extinct?

May 5 Stock Market Preview: Indices finally showed a little weakness Monday, and the VIX rebounded from lows of the day to recover key support on the daily chart. Could this be the start of a larger (and much needed) pullback, or will we continue the trend of moving higher and higher?

May 4 Stock Market Preview: Friday saw the short-term blow-off continue, with indices blasting even higher. SPX did leave a tall wick on the daily candle, closing red for the cash session. We also see the VIX above the 4-hr HMA for the first time since Wednesday. Might we finally see a pullback? Let’s look at the complete picture.

May 1 Stock Market Preview: SPX reached the anticipated 7200 target, retesting the HMA from below as indices enter their upper Dealer Cluster zones. Can this move extend further, and for how long?

April 30 Stock Market Preview: Indices didn’t move much following the FOMC announcement, and we have conflicting signals that require resolution. IWM took a turn for the negative, while QQQ and SPX are still largely holding where they need to hold. Can we still see a move to SPX 7200 this week? Let’s take a closer look.

April 29 Stock Market Preview: While indices gapped down and barely recovered, the VIX got smashed down again, which I ironically don’t find to be very bullish for stocks. That said, bears may not be able to get too excited either, as many signs point to a likely upward resolution to any near-term dip. What comes first, and what levels are we watching?

April 28 Stock Market Preview: The VIX is nearing what might be a key inflection point for a possible reversal, just as indices churn around recent highs and SMH continues to rocket higher into outerspace. Can we get a pullback soon?

April 27 Stock Market Preview: IWM hasn’t made a new high in days, meanwhile, the “story stock” favorite QQQ is finally breaking away to the upside. Is this a case of the dumb money being late for the final gasp of this phase of the latest rally, or is QQQ acting as a forward indicator?

April 24 Stock Market Preview: SPX almost reached 7150, beating the 4/17 high intraday by 0.26 points. The intraday reversal was pretty impressive, dropping 101 points from high to low before rebounding. The VIX almost hit the initial 22 target we’ve mentioned as a first upside target before fading back to 19. What’s next?

April 23 Stock Market Preview: Indices put in a solid up day Wednesday, retesting the HMA from below on the daily charts. The VIX appears to be basing while indices are pressing against resistance, what could go wrong? Not so fast- let’s look at the possibility of a modest additional push higher prior to a deeper correction as we consider both directions.

April 22 Stock Market Preview: Today’s modest decline may be the beginning of at least an initial pullback following the record rally to new highs. Where might this drop take us? Let’s take a look at the GEX picture and the VIX heading into Wednesday.

April 21 Stock Market Preview: Both IWM and the VIX were up today, while SPX and QQQ were down. Let’s take a look at some conflicting signals that may have value depending on the timeframe being considered. Could we see some choppy action into the end of May, then a drop? Let’s take a look at what the current GEX picture has to say.

April 20 Stock Market Preview: Divergences continue to build as markets reached extreme territory on Friday. As we enter the first week of the new OpEx cycle leading into May, let’s look at probabilities heading into April 20-24.

April 17 Stock Market Preview: We’re approaching OpEx Friday with the VIX crossing above the HMA for the first time since March 30, and we also see some other interesting divergences that we’ll discuss in tonight’s newsletter.

April 16 Stock Market Preview: SPX and QQQ made new all-time highs today, but DIA and IWM negatively diverged, not being able to make new highs. The contrast with DIA is particularly stark. At the same time, SPX net GEX reached an impressive extreme at over 3.3B by the market close. Can we get a pullback before the week is over?

April 15 Stock Market Preview: Tuesday saw continuation toward the stretch high targets identified early in the week, albeit without a meaningful pullback beforehand. Are indices setting up for a volatile next few days? Some signs point to a possible imminent retracement.

April 14 Stock Market Preview: Bulls powered higher Monday after the premarket low, leaving gap fill believers in the dust. With VIX monthly options expiration approaching Wednesday, and most major indices in or near their upper Dealer Cluster zones, can we get to a point soon where a larger drop materializes, or is it candy canes and roses from here on out?

April 13 Stock Market Preview: Bulls have done serious damage to the bears case for lower lows, but we see stretched conditions across the indices, potentially suggesting at least a corrective drop before the rebound continues. Could this also be a chance for bears to show that this move has been one big fakeout? Let’s discuss.

April 10 Stock Market Preview: The VIX continued melting down today, though we see outsized option volume up to the 60 strike. Meanwhile, indices printed higher closing GEX levels as well as higher prices, pressing into their respective upper Dealer Cluster zones. While the picture currently looks positive, can we get a deeper pullback soon?

April 9 Stock Market Preview: All of the “heavy lifting” happened overnight, with the cash session actually seeing consistent, modest selling for much of the day. No surprise, given the size of the gap up. The VIX is at key weekly support and much of the gap for indices still exists. What are we seeing for tomorrow?