Relative Strength In This Sector Continues To Pay Dividends
High dividend stocks have continued to display relative strength – even during market weakness. We have written many times in these pages about the hallmark…
Broad Market Index Testing Broken “Must Hold” Level
The broad NYSE Composite stock market index is testing the level we deemed “must hold” – that broke in January. Back on January 8, we…
Bearish Fund Flows Hit 4-Year High AFTER Big Rally…Again
Assets in bearish Rydex mutual funds have spiked to their highest level since 2011 – AFTER another 100-point S&P 500 rally. One common misstep on…
Nikkei Passes 1st Test Of Broken Epic Trendline
15 months ago, we “stuck a fork” in the Japanese Nikkei 225′s legendary 20-year down trendline; this past week, the index underwent (and passed) its first…
Chart Pattern Flagging A Warning For Transports?
The nature of the bounce in transportation stocks over the past month suggests a potential re-test of the January lows. Back on January 21, we…
Jamie Dimon Banking On Financial Stocks Bouncing Here
Based on the chart of the KBW Bank Index, Jamie Dimon’s decision to purchase shares of JPMorgan may have been well timed. The buzz surrounding…
S&P 500 Approaching Significant Levels
The correction in the equity markets has brought the S&P 500 down close to a confluence of key technical levels. People ask us all the…
Euro PIIGS Starting To Squeal Again
The stock markets of the so-called PIIGS are breaking down on an absolute and relative basis – not a positive development for global markets. The…
Intraday Trading Indicator Showing Shades of 2000, 2007 Tops
An indicator based on the first hour versus last hour of stock trading has undergone a shift similar to those seen at the prior 2…
Breaking! They Are Taking Out The Generals
The relatively few leaders (aka, “generals”) that had been propping up the indexes are being systematically taken out. “The way we see it is that the 6-year…