Category Archives: Technical Analysis

Market Analysts Worry About June

There have been a number of analysts warning about how June can be a tough month for stocks. Friday’s sharp drop in the tech stocks with the Nasdaq 100 losing 2.44% ended up being a stampede as a note from Goldman Sachs helped to scare investors. In a CNBC article last week the well-respected Art…
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Unloved Sector Ready To Break Out?

As the market tries to digest the surprising UK election results and Thursday’s testimony by ex FBI chief James Comey there is one market sector that is starting to emerge as a new leader. As I have noted previously several Viper ETF favorites like the Utilities Sector Select (XLU), Industrials Sector Select (XLI), Vanguard Health…
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Bubble Every Where, Titanic Market?

The monthly jobs report came in lower than expected on Friday but that did not stop the stock market from recording a powerful week of gains despite the increasing doubt of many investors. There were a number of sectors like health care that completed their trading ranges last week and the beaten down small cap…
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Will The Charts Be Right Again in June?

With just two more days of stock market trading left in May the S&P 500 is up almost 1.4%. It is possible these gains could be erased in the last two days of trading but the market leading PowerShares QQQ Trust (QQQ) that tracks the Nasdaq 100 is up 3.6% so far in May. NEW…
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A Simple Way To Find Trending Markets

The rebound from the lows last Wednesday and early Thursday have once again reinforced the merits of being as objective and non-emotional as possible. Last Wednesday most of the major averages and the ETFs that track them closed below the daily starc bands. This meant that this was a high risk time to sell and…
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Sidestep The Trump Traumas

The stock market’s decline last Wednesday was the largest in eight months as many panicked investors ran for the exits. Even though the stock market was able to rebound by the end of the week many investors will be pondering their portfolio allocation over the weekend. Without getting into my own political judgment on the…
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