Summary: A gap down must have shocked the bulls into action as the major indices crawled their way back up from morning lows. The results show a rotation happened underneath a market sell-off. Growth stocks benefited from the rotation while the broader market had more than two declining stocks for every advancing stock.
Notes
Ideas always welcome in the...
Summary: Inflation looms over big tech and growth stocks like an approaching hurricane, keeping investors wondering when and how big it will hit. Last week's jobs data supported the government's case that there is still support needed for economic recovery and that inflation is transitionary. But a shutdown oil pipeline over the weekend has investors worried. And...
I haven't posted in a while because it is pointless. My English is bad but still I decided to post this. It's about to get real. 2000 Dot com bubble Weekly chart looks eerily similar to the our current position on the monthly chart. Nature likes making repeating shapes. I won't get into it, look it up. The writing is all over the wall right now. From the charts,...
Summary: The market is the great fortune teller, always trying to price in the future, not the present. We saw that in action this week in several ways. The first was with Janet Yellen's comments on Tuesday that interest rate hikes might be needed in the future. That sent investors into a frenzy sell-off before she walked back the comments.
Notes
The...
Summary: Momentum from the end of last week continued into Monday as markets open the week higher and the S&P 500 and Nasdaq set new records. There are some signs that investors are rotating out of safe bets and buying up speculative positions ahead of earnings reports.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on...
Summary: More records were set as the S&P 500 and Dow Jones Industrial average both had record closes while the Nasdaq and Russell 2000 joined the rally, also making gains. Employment data in the morning caused the dollar to fall which can give a boost to mega-caps and growth stocks.
Notes
Ideas always welcome in the comments. Errors will be amended as...
Summary: This is not the rally we are looking for. The Dow Jones Industrial average closed at a record high today while the rest of the market struggled to hold any gains, with the Nasdaq and Russell 2000 falling further behind the other major indexes.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected...
Summary: The cyclical sectors soared. The others did not. A rotation into reopening and cyclical stocks played well for all the major indexes except the Nasdaq which is heavy in big-tech and growth stocks.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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It looks like the IXIC might be making itself a new downward trend. Possible bearish flag after the initial selloff over the last few weeks. This week I will be looking for the IXIC to break up through the downward trend line and then the 13610 resistance line. If it fails the trend line, I think we will have more of a gradual downward trend, but if it fails...
The Market Week in Review is my weekend homework where I look over what happened in the previous week and what might come in the next week. It helps me evaluate my observations, recognize new data points, and create a plan for possible scenarios in the future.
I do occasionally have some errors or typos and will correct them in my blog or in the comments on...
Summary: Another record was set for the Dow Jones Industrial average while value stocks continue to outpace growth stocks. Two intraday rallies might just be the action the Nasdaq needed to join the rally, but the gains were mostly isolated to the mega-caps.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or...
Summary: The market sold off sharply at open after comments from Janet Yellen suggested that interest rates might need to increase to keep the economy from overheating. Investors fled sectors more sensitive to interest rate hikes and rotated into the cyclical sectors.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on...
After February pullback, again nq futures are flashing caution. If it can't hold 13755, possibly bounce from13730, 13650. If close below 13732, short term trend change. Close above 13900 is good sign. Trend line support at 13525. Other levels as marked.
Summary: The week began with continued momentum from the end of the previous week as investors speculated ahead of earnings reports from the biggest most influential companies in the market. Those companies gained on Monday as investors became more bullish, sending the put/call ratio to an overly bullish level. The result was that much of the positive earnings...
Summary: It was not a great end to the month of April, with a failed rally in the morning that turned into lower lows in the afternoon. Investors are watching economic data closely, especially focused on measures of inflation driving expectations for an overheated economy.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on...
Summary: We got higher, we got lower and we got sideways. It was a whiplash day for the markets that saw record highs be broken right before a painful morning sell-off. Then the afternoon rally brought most of the major indexes back into positive territory and left the S&P 500 at another all-time record close.
Notes
Ideas always welcome in the comments. Errors...
Recent trends in select Emerging Markets (and some smaller markets) viewed by their ETFs, for the countries: Brazil EWZ , Mexico EWW , New Zealand ENZL , South Korea EWY , China MCHI , India INDA - also vs. the emerging markets ETF IEMG , and the NASDAQ IXIC index.
