The US Stock Market is dominated by large multinational companies with hundreds of billions in market capitalization. It is a common misconception that leadership from these mega-cap names is an indicator of weak market internals. To the contrary, investor interest in these popular stocks is a characteristic of a healthy bull market as their performance […]
Should New Highs Equal Blue Skies?
The market is going this way, no its going that way. Maybe this way, and maybe the other direction because of this reason over here. This is likely the rhetoric you hear from pundits, social media, and maybe even your beloved financial representative. It’s confusing, I know. I’ve been there, jumped through and around the […]
This Market May Have More Legs – 3 Charts from Ari Wald
Ari Wald, Head of Technical Analysis at Oppenheimer, was on Bloomberg’s ‘Smart Charts’ segment with Abigail Doolittle yesterday discussing his current thoughts on the overall market and an individual large cap he is bullish on. The Chart Report previously covered a February appearance by Ari on Smart Charts here and a March Fast Money appearance […]
FANG Still Alive But No Longer Leading the Pack
Oppenheimer’s Ari Wald appeared on CNBC’s Fast Money last night to discuss the market’s strong internals and what they might mean for some of your favorite “FANG” stocks. “We think the emphasis should be on the big picture recovery that is taking place because of the very strong internal breadth readings were seeing” Ari used […]
“Stocks Aren’t Out of The Woods Yet” – Louise Yamada
On Thursday, Louise Yamada, founder of Louise Yamada Advisors and one of the most well-respected Technicians in market history, appeared on CNBC to give her thoughts on the current state of the market. While she does acknowledge the strong rally we have seen so far in 2019, Louise isn’t quite sure that equities have seen […]