The Global Dow – among other indices – successfully defended its breakout level of last month. About 6 weeks ago, we suggested that in order…
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Options Traders Continue Their Unusual Hedging
While the stock market saw big gains yesterday, one options exchange reported a near-record level of relative put buying. One of the recent themes that…
A Peculiar Large Cap Top?
An index of the largest stocks in the market just formed an apparent triple top – but is it a legitimate concern? One topic on…
Rate Hike? This Chart Says Don’t ‘Bank’ On It
Bank stocks spiked on rate hike speculation; however, potential chart resistance suggests their upside may be limited. The big news in the markets this week…
12 Months Of “Close But No Cigar” In The Stock Market
While it’s now been a year since the Dow’s last 52-week high, it has actually remained almost record-breakingly close to that high for the past…
Heavy Metals Sending A Warning To Economy, Markets?
The prices of industrial metals have dropped to a near-record low level relative to precious metals, a trend that has had larger negative consequences in…
Asset Management Companies Should Dump Their Own Stock
An index of public asset management companies was just soundly rejected at key chart resistance. Asset management companies make their living by deciding where to…
Use ‘Discretion’ When Investing In This Sector
While recent “strength” in the consumer discretionary sector has been widely hailed, it is not an accurate portrayal of the broad sector. One of the…
Is The Oil Rally Getting Clogged Up?
Crude oil prices may be hitting the most significant level of resistance since launching their rally in February. In a year of interesting market moves,…
Stock Options Traders Easily Spooked
Equity put/call ratios have spiked – despite an unprecedentedly small loss in the averages. One interesting development related to the stock market currently pertains to…