The S&P 500 ($SPY) has hit a new high but the uptrend trading continues to be choppy. The trend is your friend until support is broken, which would be at the $207 level on the $SPY. Tech ($QQQ) and Small Caps ($IWM) continue to move to the upside. The uptrend will stay intact until there […]

The Broad markets, $SPX & $QQQ, continue to break out to new highs with the semiconductors now joining the party. The $SMH, which is the semiconductor ETF, has broken out of a two-month consolidation. This now makes the resistance level of $57.30 the new support, finishing the day .02 off the highs at $57.58. I […]

Stocks had quite a week! While the S&P 500 ($SPX) started the week challenging $2090, it ended the week sky rocketing above $2115, hitting an all time high of $2123.80 in the process. These all time highs can make traders pause. But if the market wants the momentum to continue, we will need to see […]

Impressive move to the upside, but the Small-Caps continue to lag and are unable to break resistance I talked about yesterday, at $124. This does not mean that the market cannot continue to move to the upside, but it will be hard without cooperation of the Small-Caps ($IWM). If the small-caps ($IWM) continue to lag […]

The short-term Advance/Decline indicators are bearish, with Consumer ($XLY), Tech ($QQQ), and Healthcare ($XLV), continuing to trend to the downside. Finance ($XLF) has been trading flat.  Industrials ($XLI) have been the only bright spot with the most momentum to the upside this week. The S&P 500 ($SPX) continues to trade around $2100, but has not […]

The action yesterday by the bulls was impressive, shaking off a 20 point pullback in the S&P 500 ($SPY). This defense by the Bulls is impressive and short-term breadth indicators continue to be bearish. If you look at the AD percentage for offensive sectors you will see three offensive sectors in downtrends, and two flat. […]

Monday’s action was just a slow grind to the downside, giving back almost half of Fridays surge. The loss in the S&P 500 ($SPY) of .50 percent was modest and could just be a correction after the Friday’s move. The nine offensive sectors were mostly lower with Energy ($XLE) leading the way. I did see […]

I quickly want to mention a new webinar series I will be doing with Joe Cusick (Trading Block), Drew Powers (MoneyBlock.com), Jeff Kilburg (KKM Financial), and Brian Stutland (Stutland Volatility Group). Monday through Wednesday at 12 PM CT, we will take 20 minutes to discuss everything from market action, financial planning and Volatility! Register now […]

I have to keep it short, but sweet today. We saw that stocks were able to bounce with the major index ETFs closing higher. There are nine sectors that I monitor in the S&P 500. I have referred to them in the past as the offensive sectors, eight of them were up. The Energy Complex […]

The pressure on stocks going lower persisted Wednesday, but a bounce at the end of the session pushed the major index ($SPY/$QQQ) ETFs off the lows. I think this is just an orderly pullback at this stage. I say that because I did not see the selling pressure in small-caps ($IWM) or mid-caps ($MDY). Both […]