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 Economic 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.…
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 Economic 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 …
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 Economic 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 …
Today was the first time that the SPY opened lower than the prior day’s low since July 24th. The same is true for the QQQ.
Grandpa Russell did it just last week, but not since July 7th prior to that.…
With so much attention being paid to AAPL reaching a valuation of $2 trillion, I decided to see if AAPL’s market cap would make it into the IMF’s list of the world’s richest countries based on GDP.
In fact, it …
There were several market messages in today’s price action.
Starting from the top…
The SPY finally closed at an all-time high, and after what seems like weeks of anticipating this moment…
It closed over the level by fractions of a …
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