XLU has been on quite the tear of late. The being said, we have a big resistance zone ahead with the zone being defined as a 3 drives to a top sell pattern. If we get into the 'red zone' I would expect resistance.
As we all know, the S&P500 is a cap-weighted index. In other words, the largest companies by market capitalization (AAPL, XOM ,MSFT, FB etc) represent the largest percentage weighting in the index. The bigger the company, the more important it is...
There has been a lot of talk about how the recent rally has been accompanied by a dramatic improvement in market breadth, so I took the time to see if the data I track supported that...
Contrary to popular belief, we're not here to be right. We're only here to make money. As market participants, we're not journalists or economists or side analysts. It's their job to be "right". So when they're wrong, they like to call it a "revision...
Every 2 weeks I sit down with the good folks at Benzinga to chat about the markets on their morning radio show. Today we went over why I still think a more neutral to bearish stance is best tactically in U.S. Stocks. We also talk about this rally in...
On Thursday May 5th I will be joining the rest of the San Francisco Trading and Investing community for an evening of charting and margaritas. The event starts at 6:30PM and will go on until around 8:30PM. I will first spend some time going over my...
The semiconductor index has likely caused both longs and shorts a bit of angst over the past several weeks as it failed to make any directional progress near the top of its 10-month...
The only thing that pays us in this market is price. That's it. So what we try and do is use a handful of supplemental indicators to help us identify when a change in trend is about to occur. One of the more helpful tools we have to achieve this is...
Throughout 2016 the weight of the evidence has been building in favor of broad-based commodity strength and now Silver is joining the party with a massive structural breakout on both...
We had a nice run in the U.S. stock market throughout February and March. We obviously couldn't be happier to have seen that as we turned bullish just as the rally was getting started. However, this month, while most of the major U.S. Indexes made new...
Yen strength across many of its crosses has been a structural theme for the better half of the past year, but today a few of these pairs look to be setting up for some mean reversion...
This week I had the opportunity to come on Jonathan Davis' Booms and Busts show in the United Kingdom. Jonathan is a long time subscriber of my research, so he understands my approach to the marketplace as well as anyone.
When the major U.S. Stock market indexes are making new highs, you want to see the list of stocks making new highs increasing along the way as well. This had certainly been the case throughout February and March, but has come to a complete halt this...
Utilities have been the monster in the U.S. Stock Market this year. While some sectors, like in the metals or energy space, have bounced back from horrific downtrends, others have kind of just muddled around, like Financials for example. Utilities, on...
I think a really important concept that too often gets overlooked is the power of keeping an open mind. Why must we stick to a bearish or bullish stance? What is wrong with neutral sometimes? Just because our upside get hit, does that mean we need to...
Once a week I do my Global Macro review where I annotate and take notes on every country's index around the world. This analysis is on multiple timeframes so we focus on both the weekly timeframe going back 7-10 years and the daily timeframe over the...
This week I was over at the Nasdaq in Times Square discussing the current market environment with Frances Horodelski on Canada's Business News Network. The weight of the evidence is suggesting a cautious stance up here after all of our upside targets...
Every month I host a conference call for All Star Charts Members where we discuss ongoing themes throughout the global marketplace as well as changes in trends where new positions would be...
