After setting its all-time high during the dotcom bubble, 18 years later — to the day — the PHLX Semiconductor Index is finally scoring a decisive new all-time high. One factor in convincing us that the correction of the past 6 weeks was not yet the beginning of a serious, longer-term…
An Up-trend line has supported a popular consumer staples ETF without fail on several occasions since the 2009 low; it is under attack again at the moment. We can glean a lot about the state of the overall stock market during a correction and its reaction. One interesting observation from…
If a comparison to a dotcom foursome holds true, the rally in the vaunted FANG stocks may be coming to an end. Around Thanksgiving time in 2015, we posted what is still among our most popular charts and blogs we’ve ever published. At the time, 2 big things were going…
The number of stocks making new lows just saw a huge spike, especially considering the major indexes remain within arm’s length of their 52-week high. As we mentioned yesterday, the drop in stocks to begin the week has really shaken things up in the market. It’s not that the decline…
The Goldman Sachs stock price may be approaching the culmination (i.e., breakout?) of a decade-long cup-&-handle formation. IN this article we lay out the recent price news events, highlight them on charts, and discuss where Goldman Sachs stock (NYSE:GS) could be headed next. The last time we dedicated a post…
The percentage households’ financial assets currently invested in stocks has jumped to levels exceeded only by the 2000 bubble. Updating one of our favorite data series from the Federal Reserve’s latest Z.1 Release, we see that in the 3rd quarter, household and nonprofit’s stock holdings jumped to 36.3% of their…
The Russell 2000 just spent over a month within 1 percent of its 52-week high, without achieving a new high – a streak twice as long as the previous record. If it seems as if the small-cap segment of the stock market has been running in place, you are not…
The compliment to “Sell in May and Go Away” doesn’t have a catchy jingle, but the historically best 6-month stretch of the year for stocks begins in November. Remember to Come Back In November “OK, maybe it doesn’t have the same ring to it as its counterpart “Sell in May…
On the 30-year anniversary of Black Monday, we take a look at the magnitude of the stock market crash in terms of today’s market. By now, you’ve probably gotten wind of the fact that today is the 30-year anniversary of the stock market Crash of 1987, aka Black Monday. For…
The current inexorable stock market rally has folks wondering where it will at least take a breather, if not put the breaks on. The small-cap segment of the market has been particularly relentless, with the Russell 2000 Index (INDEXRUSSELL:RUT) up 8 of the last 9 days, 15 of the last…