What a week it’s been, straight down for the indices.
Maybe next week we get that mid-August bounce.
Today I had four wins and four losses.
Keep in mind my shorts are a fraction of my longs, so, yes, they were losses, but my wins were larger.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
What a week it’s been, straight down for the indices.
Maybe next week we get that mid-August bounce.
Today I had four wins and four losses.
Keep in mind my shorts are a fraction of my longs, so, yes, they were losses, but my wins were larger.
by David
From the Desk of Kimmy Sokoloff
We have PPI out this morning, and CPI yesterday didn’t bode well for the market.
We really haven’t had a market rally in over a week. The market tried yesterday but failed.
by JC
We’re almost half way through the 3rd quarter already!
Boy does time fly when you’re having fun.
Have you noticed how much different the 2nd half of the year looks compared to the first half?
Owning Tech stocks stuck below overhead supply is no way to go through life.
Here is the Market-cap Weighted Technology Index failing miserably to break out above its former cycle peak.
And, of course, the Equally-weighted Technology Index failing altogether to even retest its former highs: [Read more…]
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Welcome to The Junior International Hall of Famers.
With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US-listed international stocks, or ADRs.
This scan is composed of the next 100 largest stocks by market cap, those that come after the top 100 and are thus covered by the International Hall of Famers universe.
Many of these names will someday graduate and join our original International Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
Let’s dive right in and check out what these future big boys are up to.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Are investors really buying bonds, betting on a squeeze higher?
Perhaps it’s just my Twitter feed. (Or are we calling it “X” now?)
I’m perplexed by the growing chatter around picking the bottom in bonds.
Warning: Picking bottoms is never a good look.
It’s unbecoming, especially when there are zero signs of a reversal. (The same applies to tops.)
I understand the Nasdaq 100 had its best first half – like, ever.
But what does that have to do with yield charts?
by David
From the Desk of Kimmy Sokoloff
The rally we had this morning completely faded.
We’re still stuck under major resistance.
The more time we spend below can send us lower.
From the Desk of Steve Strazza @Sstrazza
When investing in the stock market, we always want to approach it as “a market of stocks.”
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.
We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.
Now, we’re also highlighting lagging stocks on a recurring basis.
by David
From the Desk of Kimmy Sokoloff
The indices had a dead-cat bounce yesterday afternoon, then rolled back over.
We have CPI data for July coming out at 8:30 a.m. ET.
I’ll wait till after the print to see how things look.