After taking the pulse of the key sectors where we saw that many were in bullish phases, today, the divergence among the key sectors expanded.
Transportation IYT, for example, went from bullish to an unconfirmed Distribution phase.
On the other …
During this incredibly slow session, I took the pulse of lots of different sectors.
Some are alive and well.
Others are dead, but alive.
Others are just plain dead.
So, rather than go through the list using words, I thought …
While we all watched the strong jobs report rock the historically low yields up a bit and knock the gold market down, on the flip side, there is a different story.
The market wants to see the Fed lower rates …
Wednesday turned out the perfect pre-July 4th trading session.
The Dow, NASDAQ 100 and S&P 500 made a new all-time high.
The Economic Modern Family worked in concert with one another.
IBB Biotech cleared the 50-week moving average.
So did …
Tomorrow is a half day, followed by a day off on Thursday.
Friday should be equally slow as it was today.
Henceforth, today appeared trendless.
While NASDAQ 100, the Dow and the S&P 500 all held onto gains with inside …
This morning, the market rose on trade war optimism.
However, the rally in our key economic Economic Modern Family members, comparatively died out.
The Russell 2000, Transportation and Retail just could not keep the upbeat tone going.
I do not …
Yesterday I drew ‘hidden’ lines on the charts of the Economic Modern Family to highlight the transition that was occurring from bearish to bullish sentiment.
On Friday that shift continued as they all moved higher.
Those lines will still be …
Just the other day, I was excited to be set up for a time-lapse photo of the sunset.
It was going to be a brilliantly red ball falling into the horizon of the ocean.
But it didn’t.
As the sun …
After yesterday’s commentary on the need for better than expected news to cheer up the Economic Modern Family, sister semiconductor, SMH, delivered.
Micron (MU) delivered better than expected earnings news, which pushed it up 13% higher and lifted SMH by …
It should be no surprise that that market was weak on Tuesday.
On Monday the Economic Modern Family was generally weak with IWM leading the way lower.
A cursory look at the patterns of the charts of the Economic Modern …
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