Stocks & ETFs

The Rotation Report: This Week’s Macro Market Outlook

In an effort to make things easier to digest, I’ve decided to split the Rotation Report into two segments running bi-weekly.  The Rotation Report will alternate betweet market rotation and group action and a Macro Market Outlook. This week we’ll start off with the Macro Market Outlook. Let’s start with…

Are Market Breadth Issues A Caution Sign For Stocks?

Today I want to run through a quick checkup on market breadth to see how the market internals are faring thus far this year. In short, not so good. As I was checkup up on the market breadth this week, a quote I learned form the great Arch Crawford came to…

Checking In On The US Equity Indices: A Technical Review

Year to date, the Nasdaq Composite is the best performing major index in the US equity indices, up 6.51% YTD. However, both the Dow Jones Industrials and Transports are negative YTD, down 2.36% and 9.45% respectively. In addition, the S&P 500 and Russell 2000 are up fractionally, 1.32% for the…

S&P 500 (SPY): Decision Time For Trend Followers

Today marked the first time the SPDR S&P 500 ETF (SPY) broke below its 200-day moving average in 2015. We came close in early July, but managed to escape a full-fledged dip below the long-term trend line. Nevertheless, it is decision time for trend followers that use this metric as…

Apple Stock (AAPL) Finds Price Support: Time For A Backtest?

Last Monday, I highlighted a key price support zone for Apple stock (AAPL): 115-118.  That zone represented lateral support (late November ’14 highs and February ’15 breakout) as well as the longer-term 2 year uptrend line (around 115ish). That AAPL price support zone broke down last week. And today, Apple…

Trading Setups: 5 Stocks To Watch (AMAG, CHGG, OZRK, SCSS, ULTA)

Another day, another surprise in the financial markets. Following yesterday’s fairly broad stock market rally and a strong close under fairly bearish sentiment conditions, I fully expected to see continuation higher today and a push on the S&P 500 through the 2110-2115 level. As often happens, the market did not…

Emerging Markets (EEM) Near Major Support; 2011 Repeat?

The Emerging Markets, as measured by the iShares Emerging Markets ETF (EEM), are back to the bottom of an established range. Looking at the weekly chart below, you can see this well-defined range has persisted since the US debt ceiling crisis back in August 2011 – happy 4th birthday! Some will…

Treasury Bond ETF (TLT) Nearing Upside Trading Targets

It’s been a wild ride for US Treasuries this year. After a big rally that sent the 20+ Year US Treasury Bond ETF (TLT) to new highs in early 2015, bonds reversed lower. And faster than many treasury bond holders probably expected. And as TLT was falling, I wrote about going long…

Market Update: It’s Getting Lonely At The Top

Stock market bulls continued to struggle mightily to retain any semblance of control over what seems like the growing tide of weakness. Despite losing Apple (AAPL) to the bears, the S&P 500 actually had a decent rally attempt through the 2110 level on Wednesday. The bears, though, did not have much…