You may find these charts boring, but what better opportunity is there to illustrate the Principle of Polarity than with Utilities ($XLU) and REITs ($IYR) recently retesting former resistance turned support at prior highs. Within the context of Technical Analysis, polarity is founded in the fundamentals of supply and demand and is applicable across all […]
Is the Safety Trade Here to Stay?
The S&P 500 has gained roughly 20% off its lows from Christmas Eve. Despite this impressive rally, every major index and almost all S&P sectors remain below their highs from 2018, many of which were all-time highs. But two areas of the market gave both bulls and bears something to cheer about this week as […]