Market Analysis

The Chart of the Day…   Quick Glance at the Market Heat Map and Industries Notables: It’s basic materials and technology struggling yet again, but th is time they have company in industrial goods.  Consumer goods has been stronger than usual during this 4-day downturn. 

The Chart of the Day…   Quick Glance at the Market Heat Map and Industries Notables: Quite a mix bag across the board – energy still showing a lot of weakness today – particularly in the bigger names.  Healthcare by far, showed the most green. 

We are finally starting to get extreme readings in the SPRI for the first time since this rally began back on 6/4 when the market hit its lows. That doesn’t mean you get rid of your long positions, and we have not yet gotten a reversal signal. However, it doesn’t mean you take this lightly,

The Chart of the Day…   Quick Glance at the Market Heat Map and Industries Notables: Consumer Goods fared the best, followed by utilities.  Technology was a disasater with a close second in Basic Materials.

SharePlanner Compass: Uptrend still intact – though we may get a pullback in the days ahead, it isn’t abundantly obvious at this point.  Quick Glance at the Market Heat Map and Industries Notables: Financials and Basic Materials were BLEEDING red across the board.  Technology held up comparatively better than the rest. 

SharePlanner Compass: Starting to look parabolic – but I’m keeping the uptrend rating where it is.  Quick Glance at the Market Heat Map and Industries Notables: Basic Metals is where its at today – seperated itself completely from the pack.  Technology looked solid to.  Everything else was basically “bleh!”

SharePlanner Compass: No change in the current uptrend today. Another few days of strong upward price movement though, and I'll be tempted to move it into the pullback zone.    Quick Glance at the Market Heat Map and Industries Notables: Utilities were the most consistent sector across the board Conglomerates took a beating as did

The SPRI continues to march lock-step higher, and supported by the move in the RSI as well. This time around though, I will be very concerned with aggressively holding long positions once the SPRI begins to hit extremes as I think with resistance overhead in the indices, could ultimately lead to renewed weakness in the

SharePlanner Compass:   After the best market session of the year - the SharePlanner Compass is now in full blown up-trend.    Quick Glance at the Market Heat Map and Industries Notables: Utilities are back to their old ways of being rather dull.  All other sectors were strong. Industries like Health Care Plans took a

SharePlanner Compass:   Market continues to hold its own, but will need to bounce higher if we want to resume the uptrend.    Quick Glance at the Market Heat Map and Industries Notables: Technology and Financials are big "yucks" Basic Materials, and energy in partciular continues to show a lot of strength.  The Chart of