MrStudPuffin

MrStudPuffin Updated  Apr 5, 2024

As you can see clearly on this chart, there is a high correlation between the BofA Option Adjusted Junk Bond Spread Index and the S&P500. While tough to use as a timing tool, when spreads widen to 4.5% or so, many times this is a good time to nibble in the S&P during a correction. When they reach 6%+, generally it is a good time to gorge. When they drop as low as...

MrStudPuffin Feb 22, 2024

SP:SPX AMEX:SPY Breach of the trend channel that has been in place since 2009. Now we have breached the channel before, the longest of which was between January of 2021 to May of 2022. We all know how 2023 was. Aside from that mania, we broke and held above it for about 2 weeks in January of 2018 before a sharp correction in February. It would take a full...

MrStudPuffin Feb 8, 2023

Mr. Stud Puffin's Annual S&P500 Scenario Based Price Targets & Forecast

MrStudPuffin Aug 5, 2022

$SPX $SPY Updated Trend Channel w/ Resistance Levels. If this is a sustained uptrend, don't be suprised to see a retest of the lower part of the uptrend channel. Be mindful of the overhead resistance levels, SPX 4160 is a big one any we have yet to close above it - market touched 4164 on Wednesday, closed around 4155. Jobs report today and recent Fed commentary by...

MrStudPuffin Updated  Aug 5, 2022

SPX / SPY / S&P500 Trend Channel Since January 2022

MrStudPuffin Jul 6, 2022

History of SPX Trend Since 2009 with 2H Projections