Utilities Continue To Follow The Road Map
Utility stocks have been unusually responsive to key chart levels recently. As money managers who rely quite a bit on the charts, it’s always comforting…
Can Broker Stocks Finally Get Past The “2-Step”?
One of the few sectors that has shown little inclination to participate in the equity rally – broker-dealers – has an opportunity to gain some…
This Emerging “Bear” Market Is Back At All-Time Highs
Russia’s MICEX Stock Index closed at an all-time high for the first time in 9 years. One of the dynamics that has allowed the global…
A Potential Green Shoot In Wheat Prices?
Wheat prices recently dropped to 10-year lows – but are threatening to pull off a potentially major false breakdown. Just 12 days ago, our Chart…
Can Gold Vault Over This Key Level?
Gold has been on a tear this year, but the yellow metal is presently encountering potential resistance stemming from the 2011 highs. Following more weak…
British Stocks Say ‘Good Riddance’ To EU
U.K.’s FTSE-100 Index is in the midst of a historic run following the Brexit vote – but it is running into multi-decade resistance. The only…
Is Smart Money Holding A Record Bet On Volatility Rise?
Commercial hedgers – who are most often correctly positioned at market turns – are currently holding their largest ever net long position in VIX futures.…
A Big Victory For The “Average” Stock
An index tracking “average stock performance” just achieved an important milestone, surpassing its 2015 all-time high. In what is not our first and, apologetically, likely…
Time To Bank On Financial Stocks Again?
After failing to keep pace with the equity rally over the past 4 months, financial stocks are finally breaking some key technical resistance. Last week,…
Global Equity Rally Facing Next Big Hurdle
A key index of global equities is hitting a significant confluence of chart resistance. Back in early April, the global equity rally began to look…