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 […]
Chart of the Day – Tuesday, July 23rd, 2019
Today’s Chart of the Day was shared on Twitter by Dan Russo of Chaikin Analytics (@DanRusso_CMT). It’s a line chart of the SPDR Technology sector ETF, $XLK breaking out to new all-time highs. Dan notes that recent strength from Semiconductor stocks has been helping push Technology higher. In fact, the Semiconductor ETF, $SMH closed at a […]
Two Long Opportunities Brewing in Technology
Since the December 24th low and subsequent fierce rally, many investors have been caught off-guard. It is fair to say opinions and outlooks on the market couldn’t be more different. Some traders feel recent price action is a bear market rally while others believe we are heading back to all-time-highs. Regardless of your opinion, one […]
Ari Wald: Undercover Participation Leading the Market Recovery
Ari Wald, Head of Technical Analysis at Oppenheimer, was on Bloomberg’s ‘Smart Charts’ segment with Abigail Doolittle Wednesday afternoon discussing 3 key chart topics that indicate a positive sign for the markets, domestic and international, going forward. While there is still more work to do and resistance levels to get through, Ari believes investors need […]
David Keller: Neutral on the S&P 500, Bullish on Gold
David Keller, President of Sierra Alpha, was on TD Ameritrade’s Morning Trade Live with host Oliver Renick this past Thursday where they discussed the S&P 500 trading levels, breadth, momentum and Gold. To begin, David and Oliver hit on the overall indecision and lack of clarity in terms of the lack of direction in the […]
