The Leaders of this market still leading In fact if you look at my top three sectors below the only difference is I have swapped out Industrials for Healthcare. Otherwise, the 1-2 punch of this market still remains Technology and Discretionary. […]
Most of the sectors are in good shape right now. This bodes well for the overall direction that the market has been on this month. Yes, there are some obstacles for it to overcome, in forms of strong price resistance overhead, but we are seeing the typical market resiliency that [...]
There are a lot of positives and a lot of negatives in this market right now. Not all sectors are soaring as you might think. A lot of them are downright miserable. There are also a lot of failed patterns breakouts as you will see below. Those lead the way [...]
Sectors losing their long-term trend and have been extremely choppy When you have a market that isn’t establishing new highs, nor is establishing any new lows on the charts, mix that with huge price swings for the past three months and you have some very confused, and in some cases, [...]
Some good and bad in the market right now. Despite some willingness by the market to try and rally in recent days, there is still a lot of pressure weighing on the sectors across the board. The headline risk is at extreme levels, and that is keeping me from being [...]
There are drastic differences in each of the sectors That is usually not the case. They tend to represent some off-shoot of the S&P 500, or in the case of Technology, as resemblance of the Nasdaq chart. But now, each chart has a different look. obviously the majority of them [...]
Stock Market is on shaky ground here. Direction is Uncertain. So lets take a deeper look at the sectors themselves. Which ones are most favorable and the ones that are not. […]
Market’s have rebounded well since the sell-off that led to a test of SPX 200-day moving average. Following today’s CPI report in the pre-market, and the subsequent sell-off, I was ready for the market to begin its selling yet again, so I raised my stops to protect all profits. [...]
