After 2 major sell-off days, the market bounced late Friday off the 50-day moving average.
Coincidence?
First, why do we care about the 50-day moving average?
The most common inputs for the Moving Average used by traders and market analysts …
As mentioned yesterday, The Big Banks ETF XLF and Regional Banks ETF KRE are two of the weaker sectors.
However, today we saw some money rotate into those sectors with XLF rising over 1% and KRE rising marginally at .4%.…
First off, a huge thank you to Geoff Bysshe for covering for me so I can vacation for 3 weeks!
Before I left, I wrote about 3 major themes to watch continue to emerge or completely reverse.
First was the …
Today the SPY ended its best August performance since 1986 with a market message that is well worth paying attention to as soon as tomorrow and well into September.
Fortunately for me (and you), a lot of pieces of today's …
The weekend is the time to step back and look at the Modern Family’s weekly trends and inflection points. This week there are several interesting multi-time frame patterns developing on the daily and weekly charts.
Some bullish, others bearish.
Before …
Today, while the SPY and QQQ were pushing to new highs, the VXX was telling a dramatically different story, which is a warning sign for a potential imminent correction.
The VIXX (Volatility Index ETF) is commonly referred to as a …
If you were to look at the Modern Family you’d see a quiet August trading day waiting to hear Fed Chair Powel’s speech tomorrow.
Grandpa Russel, IWM fell asleep and closed down for the day firmly stuck in a two-week …
Today’s chart (below) is the consumer confidence survey data, which today hit it’s lowest level since 2014.
At the same time, data on new home sales, and earnings from home builder Toll Brothers, TOL, are at their best levels in …
Today was a “Superbowl day” in disguise.
Soon either the bulls or bears will celebrate accordingly.
Which side are you on?
Would you rather buy TSLA or GM?
How about AAPL or Chevron (CVX)?
Time to dump your QQQ and …
Last week ended on a strong note for the members of the Modern Family who were already leading. The laggards IBB and KRE continue to slip.
Grandpa Russell, IWM, also ended the week on a weak note, but it sits …
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