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…
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…
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…
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…
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…
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,…
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…
The number of 52-Week Highs on the NYSE itself made a 52-week high, even as the market averages were falling; this is a rare feat,…
Oil stocks are at a seemingly “must-hold” level within their long-term reversal attempt. If there is one sector that best symbolizes the prospects of the post-February…
REITs, one of the hottest sectors in the market right now, may be running into chart resistance. The popular saying goes that real estate is…