In the last week, one area that has seen strength (and a lot of attention from traders and investors alike) has been Financials. This sector is commonly regarded as one of the most important in the market, given that it is a 13% weighting in the S&P 500 ($SPX) and an 18% weighting in the […]
A Gigantic Thrust in Breadth
This past weekend, Chris Ciovacco, owner of Ciovacco Capital, gave us his take on the strength we are seeing in the broad market. Looking at market breadth, and specifically the number of stocks trading above their respective 200-day moving average, have we seen “the mother of all breadth thrusts”? Chris seems to think so. First […]