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 […]
Real Leadership: Relative Strength vs New Highs
On Monday, Instinet’s Frank Cappelleri posed the following question in his morning note: “So, what are the true leaders? The areas that are UP the most from the lows? Or the ones that are the first to make NEW HIGHS?” I thought this was a great point as we have a dichotomy in the market right […]
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 […]
“Momentum Monday” with Howard Lindzon
Howard Lindzon and Ivaylo Ivanov were back again this week with some awesome charts. But before we get started, I’d like to point out a bit of sentiment that is shared, and one that I tend to agree with: “Market breadth hasn’t been so good in years. We see strength in so many different sectors and […]
Technical Analysts Remain Bullish
While the headlines remain scary to some, those who view the markets through technical analysis continue to see many positive developments for stocks. Scott Redler, a partner with T3Live.com, believes that with the S&P 500 closing above it’s 200-day Moving Average, this has now opened the door for the index to reach the 2800 level. […]
