The Line In The (Oil) Sand
The current test of a 30-year trendline could determine whether or not the bounce in oil stocks is sustainable. What do all the inquiring minds…
Following Breadth Thrust, Will Stocks Launch Higher — Or Flame Out?
Last week’s stock market breadth was extraordinarily positive; similar signals historically have seen the market either launch higher or flame out, depending on the prevailing…
Revenge Of The Median Stock
The median stock, as measured by the Value Line Geometric Composite, pummeled its large-cap peers this week; unfortunately, historically that has not necessarily been a…
Key Equity Index Climbs Back Up The Elevator Shaft
The Value Line Geometric Composite, which broke critical support in early January leading to an immediate 12% drop, has climbed all the way back to…
Large Cap Growth Stocks Recapture “Pivotal” Level
The S&P 500 Pure Growth Index has broken above a key level that has alternately served as support AND resistance over the past 2 years.…
Brazil’s Bovespa Is Once Again…The Most Interesting Chart In The World
After resolving its former “most interesting” chart status with a massive breakdown in January, Brazil’s Bovespa is back testing that breakdown level in an equally interesting…
Is “Most Important Asset” Signaling Major Risk-On Potential?
“Smart money” Commercial Hedgers have not been this heavily short Yen futures since the 2012 top that preceded a 40% decline. It’s not our view…
Small-Caps Approaching Rally Test
The Russell 2000 Small-Cap Index is nearing a level containing multiple layers of potential resistance. Earlier this week, we posted a discussion regarding the prospects…
FX: Cable Gets Pounded
The British Pound is plumbing 30-year lows versus the U.S. Dollar. The central banks’ global game of debase your currency remains alive and well. In…
Another Relative Strength Staple Scores An All-Time High
RHS, an equal-weight consumer staples ETF, continues its recent show of relative strength by hitting a new all-time high. After a year like 2015 that…