Gap downs are good for bull markets, but island tops are not.
The SPY gapped well below the low of the last 3 days of consolidation, and if you look closely you’ll notice that the consolidation days started with a …
Thursday’s pattern in the sector summary table is clear. The stronger sectors moved up and the weaker sectors moved down, but nothing moved more than a percent either way.
The Semi’s (SMH) broke out to new highs but no one …
Instagram picture by ‘mebysshe’
If look at only the top of today’s picture you may find it hard to figure out what all the green things are, but when you see the bottom half, a dock, the top makes sense. …
Sometimes the market takes a day to let reality sink in.
For example, yesterday I highlighted the counter intuitive price action of the TLT’s having a big down day while two other interest rate sensitive sector ETFs, XLU and IYR …
Last week the stock indexes were stuck in a tight range, as the TLT and GLD rallied while the dollar fell (UUP).
Despite the apparent building fear in the markets, the VXX just consolidated.
Today, last week came undone. TLT, …
For the Economic Modern Family, Friday was not much more than a continuation of the consolidation that had been goin on since Tuesday.
There were some notable exceptions like IYT which had a strong day on Friday, closed of the …
Our Economic Modern Family’s, Grandma, Retail (XRT) reclaimed the 50-DMA yesterday and gained today as well confirming a recovery phase. This was a welcome change and many beat up stocks in the sector gained. Meanwhile, Grandpa (IWM) who has not …
She’s back!
Our Economic Modern Family’s, Grandma, Retail (XRT) reclaimed the 50-DMA today. Plus, she was the second biggest percent gainer in our sector summary table today. If you’d like to learn more about the Grandma and the Economic Modern …
The market got a little spooked today.
Congress is back in session.
Cause and effect?
Maybe, because pretty soon hopes of what might be accomplished in by Washington will be met with reality.
However, here’s what I’m focussed on.
Bonds …
I spent the week writing here about the transition from a market where the bulls moved from being on brink of despair, clinging to their major moving averages, to now hitting all-time highs.
Furthermore, the market dismissed the North Korean …
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