In the weakening transportation sector, partly because of Buffett’s weekend comments, there is one area that is doing a lot better.
Want to fly coast to coast?
Not so much.
Want to go to outer space?
Sign me up!
Virgin …
In my April 31st presentation on Stockcharts, I begin by walking you through the Economic Modern Family (Russell 2000, Retail, Biotechnology, Regional Banks, Transportation, Semiconductors) using nothing but pure price.
I use trend lines and channels I learned from my …
Whether today was a key reversal or just some liquidation and digestion after the recent move up remains to be seen.
But with the week and the month ending, we will have a better answer as we head into next …
Sugar futures or the sugar continuous contract (can also check out the July contract SBN20) rallied 4.5% today, leaving a potential bottoming pattern. Again.
This is important for 2 reasons.
First, sugar is tied to ethanol, so that could signal …
On March 31st, I tweeted about gold GLD the ETF.
It is a good thing I do not rate my trading advice on the number of likes I get.
So, with the tweet spot on, the very next day, me …
The Simplest & Most Rounded Way to Look at Price
Back in the days on the Commodities Exchanges, we had no social media and little in the way of technical indicators.
But what we had was PURE price action.
In …
Before I comment on the charts, a note about the US Oil Fund ETF USO.
News is news, and clearly, it’s not been good.
But charts are better.
With two huge volume days in a row and prices that tanked, …
The weekend video I did for StockChartsTV, begins with a comparison of oil in the early to late 1970’s until now.
With oil crashing to pre-WWII levels, the analogy is that super cheap oil has preceded a war several times …
Many are calling the recent market activity similar to the great depression of the 1930’s.
And clearly there are some comparisons.
But what did not exist in the 1930’s was this level of QE.
During 1932, with congressional support, the …
We have been here before.
Sister Semiconductors SMH rocks the house, while her sibs and Grandparents lag.
Today, the disparity was palpable.
SMH closed up 2.71%.
The Russell 2000 IWM closed down .86%.
Regional Banks KRE closed down 3.68%.
Granny …
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