One particular area of the market that has gotten a lot of attention in the last 24 hours is Semiconductors. And as we know, strength from this group – both relative and absolute – is considered to give a bullish tone to the overall equities market. In fact, some have argued that Semiconductors are one […]
“Gold”-ilocks and the Three…Bulls?
The “bugs” are getting giddy. Could an 8-year drought in returns for Precious Metals finally be coming to an end? There is no definitive move yet, but many seem to be quite anxious about the recent moves we have seen in both the metals themselves and their mining counterparts. The most popular chart that we […]
Relative Strength is the Flavor in Financials
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 […]
Is this the Top for Tech?
Two renowned Technicians made television appearances last week and warned about the bearish signals they were observing in the Technology Sector. After just a few trading days theyβve been proven right as the Technology SPDR ETF, $XLK is down almost 4% in the past three sessions. This call is no longer immediately actionable due to […]
Dollar Perking Up
One asset class that seems to have garnered quite a bit of attention lately isn’t equities or fixed income, but currencies, and in particular the US Dollar ($USD). Is the domestic currency finally ready to move higher after being range-bound for the last nine months? Last week, J.C. Parets of All Star Charts posed the […]