Often never the ‘sexy’ group of the bunch and quickly lost in the shuffle to the likes of high flying tech or the latest IPO market, especially when risk is fully in favor. However, the Financial sector should be atop your list of barometer checks for the broad market, and when rotation is in favor […]
Tesla Breaking Down
Tesla ($TSLA) has been getting even more attention than usual lately. Shares are down nearly 30% YTD and this week, price broke a key support level. There are a lot of strong opinions about Tesla out there, but most technicians agree that it would be best to avoid the stock at this point and some even […]
Is the Reversal for Real?
Earlier today, Dan Russo, Chief Market Strategist at Chaikin Analytics, gave us his thoughts as to whether the latest uptick in equities prices should be trusted or not. One of the best things about following Dan’s daily “Stock Market Today” videos (put out each morning) is that he is extremely consistent and systematic in his […]
Everyone is Watching This Key Resistance Level
The S&P 500 has rallied 10% in the past 19 trading days from the December 2018 lows. Avid chart-watchers are well-aware that we’re currently testing key resistance in all three of the major US stock market indices. There has been a ton of chatter in specific, about the 2,600 level in the S&P 500 index. […]