Let’s take a quick look at which key sectors outperformed all others last week – during a rally week where we saw all major sectors advance. First, from StockCharts.com: I separated the AMEX Sectors into traditionally “Offensive” or sectors that reflect market confidence and “Defensive” or sectors that generally hold their own during market pessimism…
A few readers have brought this to my attention so I wanted to share with you all the relative volume comparisons in FAS (3x Financials Bull), BGU (3x Large Cap Bull), and the – now seemingly puny – 1x DIA (you know, actual Dow Jones ETF). Let’s see these three on the daily chart. FAS…
Each week I do an update on the “Editor’s Picks” Links from NewsFlashr’s Business Blog section and here are this week’s selections: Mish takes a look at the changing attitudes of Baby Boomers as they face retirement with portfolios that have now declined 50% or more from their peaks. “Boomer’s Futures Went Down the Drain”…
In looking under the hood a bit at the last few months on the S&P 500, we see an interesting sign of life – that of a three-swing positive divergence in the Net New Highs – Net New Lows Breadth Indicator. Let’s see it. S&P 500 Daily: What the bottom indicator shows is the NYSE…
Granted – to be a “Perfect” Trend Day, I would have liked to have seen a strong opening gap to the upside (instead of an intial push down) but after that push completed and price broke back above the intraday EMAs, then the remaining action could be validly described as “The Most Perfect Trend Day…
As I mentioned in last night’s post “S&P 500 Color Bars,” the S&P needed a little more ‘push’ to switch the color rule green, and that signal has triggered just now. Let’s take a mid-day look at the S&P 500 Index to see key overhead resistance points and see the “Green” Rule triggering on today’s…
What happens when a Security appears to be coming into resistance on the weekly chart and holding at support on the Daily Chart? Let’s follow the Ten-Year Note Yield ($TNX) Chart to find out. It’s almost like the question, “What happens when an unstoppable force meets and immovable object?” Answer = Definitions Change. Ten Year…
I wanted to introduce a new feature – that of “Color Bars” in our analysis. Let’s get started with a Daily look at the S&P 500 Index. Let’s do a quick introduction to the color bars and their logic. The bars are based on an Average True Range function (credit to LBR Group) where the…
With the middle of March almost upon us, let’s take a look so far at the Sector Returns (AMEX Sector SPDRs) year to date to see what the Sector Rotation model might be telling us. With little surprise, the Financials (XLF) grossly underperformed all other sectors year-to-date, losing 42% in just over a two-month period. …
I’ve been watching Crude Oil closely as many of you have, and I wanted to share a new video by Adam Hewison on the Crude Oil market entitled “Can the US Survive $80 Oil?” In a way, Hewison begs the question as to whether or not he sees a reversal up in Crude Oil (as…