Below we present our sector analysis for the S&P 500. We have looked at three characteristics:Percentage of stocks in a sector whose Aroon analysis indicates they are in an UP trendPercentage of stocks in a sector whose DMI analysis indicates they …
“Caution is not cowardly. Carelessness is not courage” — Unknown sourceEach week we gather some technical analysis statistics on the overall stock market and in particular the S&P 500. This week’s post provides some insight into the sector rotatio…
This past week started off with more of the same: selling of everything and especially the financials. Wednesday, that all turned around as the market began a surprisingly strong two day rally.Strength came from the financials in an unlikely turnaroun…
It was all about Fannie, Freddie and oil this past week. The major indexes dropped but we saw a small glimmer of strength in the broad market.A rumor driven market –Financials again took it on the chin as rumors swirled about Fannie Mae and Freddie Ma…
Only four trading days this week and that was quite enough.The markets sank again this week, with the S&P 500 down 1.2%, the NASDAQ down 3% and the Dow down 0.5%. The biggest loser of all was the Russell 2000, down a whopping 4.6% in just four days…
Each weekend I post an overview of the short-term technical picture. As I was out of town and unable to post this past weekend, I am presenting the results of last week’s trading action a couple of days late. Given the delay, I will keep things brief.L…
I keep thinking things can’t get any worse and then they do.For example, I felt that whether or not all the bad news was revealed by the large banks, it was a foregone conclusion that these stocks would be dogs for months to come. Along came more news …
This is the first of what will be a recurring series of posts where I publish the results of running a number of technical analysis screens against all of the ProShares ETFs. Below we have the list of those ETFs with the strongest technical underpinnin…
The Federal Reserve today reported Industrial Production for May. Production unexpectedly declined 0.2% from the prior month, which was worse than the forecast of a 0.1% increase. Manufacturing output was unchanged in May, the output of utilities shran…
Weekly review - after a good week, will we get follow-through?
Oil down, stocks up. Seems a simple formula. Dollar up, Euro down. It’s easy to play this game, isn’t it?Let’s see, what other games can we play? Banks pay fines for sleazy behavior in auction rate securities market, pay billions to wronged investors a…
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