We're in that part of the cycle where friends from high school are calling me to ask about the market and family members I've never spoken to about the markets are now interested. It's funny what a little volatility can do to peak people's interests...
The trend for stocks is down. When they do rally, they scream dead-cat bounce. And bonds keep going out at new all-time highs every week. Gold is at its...
Did you see Consumer Staples go out at new multi-year relative highs yesterday? The strength is in Staples, not in Banks or Industrials, for example, which keep making new relative lows.
The market rallied almost 20% in just three days after making new lows last Monday. Stocks recently sold off in record fashion so it's no surprise to see them bounce with the same ferocity. But...
If you're one of these people who thinks the lows for stocks are in, which sectors would you expect to be leading the way higher? The big important groups that fell the hardest, and therefore should bounce the most? Probably.
We are constantly analyzing market breadth. We do this not just for insight into the strength of the current trend but also because it helps us identify key turning points. We outlined a...
Do you see how stocks are making new lows? That's a characteristic of downtrends, not uptrends. We first want to identify what type of market environment we're in, and then...
Have you noticed how stocks keep making lower lows and lower highs? We call those downtrends.
There's an important reason why I bring this up. There is a much higher likelihood for markets to continue in the direction they're heading in, than...