With the Russell 2000 breaking out over the 50 and 200-week moving averages, we should see nothing but blue skies, right?
Maybe.
We have lots of positives based on hope, of course.
Retail XRT, as featured a while back, is …
A few cautious flags were thrown up today in spite of the new all-time highs in NASDAQ
Last week Max Wiethe from Real Vision and I sat down for about an hour to discuss a myriad of timely and relevant market topics. (Link at the end of the commentary).
So much happened in this past week.
The …
MarketGauge has some pretty cool proprietary software.
One indicator is Triple Play. That measures the ratio between a particular instrument and a benchmark.
Triple Play reveals the true trend strength of a market based on "price leadership" and "volume power".…
Junk Bonds JNK, rallied Friday closing above the 50-week moving average.
Then again today, JNK ran up to yet another new high since March.
This is the best example of “Don’t Fight the Fed!” (especially ahead of the Fed meeting).…
In the world of large cap and tech stocks, Friday was an interesting trading day.
Lots of those stocks touched down on their 50-DMA.
To name a few: JD.com JD, Baidu BIDU, IQ, Netflix NFLX and Microsoft MSFT.
With sentiment …
As my loyal readers and followers know, I have been bullish gold and silver since 2018.
Oh sure, we have had some ups and downs, but since the March low, every dip has been a buy opportunity.
And my bullish …
With such divergence blaringly apparent in the market, I like to look at junk bonds.
The junk bonds help us see risk appetite.
Last week I did a piece on JNK when they appeared more vulnerable, skidding along the 50 …
With Daily’s recently titled “Granny Retail Hangs Tough” and “Granddad Russell 2000 Takes the Lead,” no wonder we saw rotation out of tech and into the matriarch and patriarch of the Economic Economic Modern Family.
However, this catch up play …
Last week I did a piece called “Granny Retail Hangs Tough.”
At the time I noted, “On the weekly chart, XRT is above the 200-week moving average, while her husband, Russell 2000 IWM is not.”
“Also, at the time I …
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