Home Builders ($ITB) have broken through upside resistance clearing the path for real upside. We mentioned early in January that the strength in the consumer markets and the plummeting Commodity prices could be a real catalyst for the housing market. This is notable since the Housing Sector ($ITB) has been in a consolidation for almost […]

As I write this the market is firmly in the green, with the S&P ($SPY) up $1, and large-caps continuing to lead the charge. But the Emerging Markets ($EEM) have been lagging the global bounce since the rejection of the $41 level on the ETF. I used the Tradespoon Seasonality chart today and found the […]

The choppy price action in the market ($SPY) has left traders salivating and investors scratching their heads. What you are experiencing is a market that is shifting leadership. We are seeing last year’s sectors that were leading in 2014 are now lagging in 2015. The sectors that lead most of 2014: Consumer Staples ($XLP), Utilities […]

The Tech sector ($QQQ) continues to chop around this week. The big-cap tech has been under pressure making lower highs this trading week. I will note that this overall action is a pullback in what is still an upward trending market. But it is hard to buy dips convincingly. Look at some large-cap tech names […]

Friday’s late day action showed that advances will be met at this stage with skepticism. Remember last week when I said that the small-caps ($IWM) were the canary in the coal mine? They broke out and were able to hold that break out resistance of $118, which now is key short-term support. The large-cap ($SPY) […]

  Blue Chips lead the way to the upside, finishing the day above the two month resistance level. The DJ Industrial Average ($DJI) finished the day up 1.25 percent. For the first time since mid-December, it settled above upside resistance, over 17700. Equally impressive was the action in the small ($IWM) and mid-caps ($MDY), both […]

The late day weakness in the S&P 500 ($SPY) kept the market in check after an impressive midday pop. This just continues the range that we have had in the S&Ps since November. This is frustrating for investors. But for traders, it’s awesome. Volatility is a traders best friend – especially if you have technology […]

When I went to fill up at the pump this weekend I was shocked, gas popped up $0.30 a gallon! So the increase in Crude Oil is having a direct impact in the price at the pump. The oil ETF ($USO) has had a significant breakout in the last two sessions. The short-term weighs quite […]

The Tech Big Wigs have reported, Apple ($AAPL), Microsoft ($MSFT), Facebook ($FB), and Google ($GOOGL). All but Microsoft have bounced to the upside after announcements. It begs the question…What now? I took a look at the action in the Technology Select Sector ETF ($XLK) and the chart action has been choppy, to say the least. […]

For the last year when the market had bad news it would shake it off and resume the upside grind.  This is an attribute of a solid bull market. But this month, the market is not holding up as well. After earnings disappointments the market is in the control of the short-term bears. If the […]