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 […]

The market’s wide selling pressure yesterday had the Tech ($QQQ) leading the major index ETFs lower. I wanted to follow up on the anomaly that I was picking up on yesterday, Utilities ($XLU) rising with 10 yr rates ($TNX) over the last two weeks.  Utilities diverged, finally, getting smacked down (that is a finance phrase […]

The market had a modest, bullish move this first trading day of May with stocks moving higher. Leadership was in the technology ($QQQ), healthcare ($XLV), and utilities ($XLU) sectors. I was a little perplexed with the higher move in utilities ($XLU). The reason being that 10-YR Treasury Yield ($TNX) is up sharply over the last […]

A little volatility last week with the bears taking Monday and Thursday, but the resurgent bull stormed in on Friday with both a strong open and close. Tech ($QQQ) and large-caps ($SPY) led the bounce, while small-caps ($IWM) lagged with smaller gains. Keep an eye on the small-caps ($IWM), they need to lead. The consumer […]