Ripe for profit-taking at what's usually a lethargic time of year anyway, stocks suffered a setback last week. While not an earth-shattering pullback, the weakness does set the stage for more downside as the end of July nears and August approaches. Still, the sellers have yet to even drag the key indices under the first of several technical floors. The...
Most of the time, the use of the term ‘rotation’ in the context of the stock market refers to sector rotation… the rise of some sectors at the expense of others. More often than not this is the result of investors fleeing from risk to certainty, or vice versa. But, it’s not uncommon for a particular area to fall in...
Most of the time, the use of the term ‘rotation’ in the context of the stock market refers to sector rotation… the rise of some sectors at the expense of others. More often than not this is the result of investors fleeing from risk to certainty, or vice versa. But, it’s not uncommon for a particular area to fall in...
Everyone knows something bad is brewing not just in the USA but globally within the financial systems. Most countries are bankrupt, and almost all currencies have been losing value for the past year. Everyone is playing the game of musical chairs and getting creative with how they borrow, lend, create, and steal money in hopes the world does not catch...
Everyone knows something bad is brewing not just in the USA but globally within the financial systems. Most countries are bankrupt, and almost all currencies have been losing value for the past year. Everyone is playing the game of musical chairs and getting creative with how they borrow, lend, create, and steal money in hopes the world does not catch...
– Focus: Industrial sector presses major resistance, Gold miners digest massive multi-year breakout, XLI, GDX, CYBR, ADI, XLNX, LPSN – By Michael Ashbaugh, MarketWatch Technically speaking, each big three U.S. benchmark has reached record territory, confirming its uptrend with a strong third-quarter start. Against this backdrop, the S&P 500 is digesting its July breakout, a move opening the path to...
– Focus: Industrial sector presses major resistance, Gold miners digest massive multi-year breakout, XLI, GDX, CYBR, ADI, XLNX, LPSN – By Michael Ashbaugh, MarketWatch Technically speaking, each big three U.S. benchmark has reached record territory, confirming its uptrend with a strong third-quarter start. Against this backdrop, the S&P 500 is digesting its July breakout, a move opening the path to...
How much is too much? It’s not an easy question to answer for any area, but it’s proven particularly tough as it pertains to stocks. For the past few months, just when it looks like the market can’t climb any higher, it does. Worse, most of the usual tricks of the trade aren’t working like they used to. There’s one,...
How much is too much? It’s not an easy question to answer for any area, but it’s proven particularly tough as it pertains to stocks. For the past few months, just when it looks like the market can’t climb any higher, it does. Worse, most of the usual tricks of the trade aren’t working like they used to. There’s one,...
I believe the outcome of the past 6+ months with regards to global trade, currency devaluations, and consumer sentiment will result in weaker US earnings in Q2 than at any time over the past 3+ years. We believe US stocks, after recently breaching key psychological price levels ($300 SPY and $3000 ES) are poised to set up a sideways Pennant...
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