Monday, we looked at the Retail Sector XRT in detail.
And we determined that Monday’s action is still within the range of the huge sell off 2 weeks ago.
Plus, should XRT struggle to close out the month back above …
This is a big week for data concerning the consumer.
PCE is coming out Friday.
Tariffs remain a political football.
The Fed did not lower rates.
And, from a technical standpoint, XRT, our Granny has the most to gain and …
I cannot remind you all enough of how important it is to check the Inflation Trifecta before getting too attached to inflation, stagflation or deflation.
This is technically, turnaround Tuesday.
And yet, I struggled to find something that is truly turning around.
Plus, I found it difficult to decide on whether to focus on what has turned down versus higher.
The overall market indices and …
Before we talk sugar on our technical Monday, here is a reminder of the summary I wrote over the weekend concerning the Economic Economic Modern Family.
Summary Update in BOLD
I always like to look at the Economic Economic Modern Family through the weekly charts.
With the rally to end the week we are looking for signs that
Stagflation or speed bump to recession?
The macro matters and this current environment is uncertainty at best.
Price continues to dictate the narrative-the analyst dip buyers of MAG7 aren out there in full force..but are they right?
What constitutes a …
Everyone loves turnaround Tuesday.
But was this really the day to buy?
Taking one example, Nvidia, the darling of the MAG7, let’s examine every time I heard an analyst tell us the valuations are cheap, this stock cannot go down …
Coming into today, the Russell 2000 IWM (Gramps) was at a key life support level on the 200-week moving average. 200 is the level, which right now looks threatened.
Grandma Retail XRT was intubated and still is, especially under 70.00 …
Let’s get right to it.
First a quick comment on the weekly charts.
The Russell 2000 IWM (Gramps) is at a key life support level on the 200-week moving average.
Grandma Retail XRT is intubated right now.
Biotechnology is still …
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