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 Modern Family.
However, this catch up play is …
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 …
Last night I featured junk bonds JNK.
As it has been underperforming, I wanted to give a head’s up in case it failed a key support area.
However, it not only held over the 101 area, it rallied to close …
With bank earnings the big buzz this week, here are some highlights to keep in mind.
Bank earnings are set to tank 69% year-over-year for the second quarter.
But it is not the expectations, rather whether or not those expectations …
Perhaps the most incredible aspect of the market and for traders, is the ever-changing landscape of investment opportunities.
I spend a lot of time telling followers that the rules have changed.
The relationships experienced traders hold dear have changed.
The …
The malls were high risk before COVID-19, given the number of bankruptcies of chain stores such as Pier One and Toy R Us.
Online shopping generated malls to become like ghost towns.
Now with COVID-19, one would expect the high …
Rare to see an island bottom.
However, the one in UNG or the ETF for natural gas had a classic one.
After making new all-time lows, an island confirmed suggests a reversal of the down trend.
But that’s not all, …
While there was a big boost from NASDAQ on Monday, the “inside” sectors are not yet believing the tech sector tells the whole story.
For example, the financial sector continues to underperform SPY and tech-partly because of the lower dividends, …
What an incredible and shorter week in the world of high finance.
Doomsday news appeared EVERYWHERE yet did not impact the market per se.
Gold however, like our recycled, solid gold art installation, held its ground.
Only, the metal looks …
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