Tag: financial sector
Breaking Down Banks Breaking Down
In a recent appearance on Bloomberg Television, I pointed out that the Financial stocks (NYSEARCA:XLF) have the most to prove leading into earnings season.
A...
Bank Index: A Dangerous Place To Be Kissing Resistance!
The banks always play a major role in the performance of the broader stock market indexes.
On the bullish side of the ledger, the banking...
Intermarket Chart Attack: Not Done (Part 2)
This is an Intermarket Analysis chart review that I provided to my fishing club members Wednesday to prepare for the stock market downdraft I expect to continue.
These...
S&P 500 Trading Update: Waiting For A Reversal
S&P 500 Index Trading Outlook (2-3 Days):  BULLISH
Still looks a bit early to turn bearish given the breakouts yesterday in Financials (XLF) and in Technology...
S&P 500 Market Update: Bullish Bias Into Year-End
S&P 500 Chart Update
Ongoing resiliency suggests long exposure still correct, and premature to take too much off the table ahead of year-end. Â A move...
S&P 500 Trading Update: Pause And One More Rally?
S&P 500 Trading Outlook: Â BULLISH
Yesterday's pullback failed to do much technical damage, closing at, but not below prior days lows. As well, Demark counts...
U.S. Equities Trading Update: Tech Slowdown
S&P 500 Trading Outlook (2-3 Days):  Sell into strength
Overall upside is limited on the S&P 500 (INDEXSP:.INX) through next week.
While the trend has certainly been...
S&P 500 Trading Update: Time / Price Align Into End Of...
S&P 500 Trading Outlook (2-3 Days): Caution into Targets
There may be one last opportunity for nimble traders to buy pullbacks on Wednesday in the 2612 –...
S&P 500 Market Update: Holiday Rally, Then What?
S&P 500 Trading Outlook (2-3 Days): BULLISH, but…
The S&P 500 is (INDEXSP:.INX) nearing resistance which could cause this rally to stall out directly over...
U.S. Equities Trading Update: Breadth & Momentum Deteriorating
S&P 500 Trading Outlook (2-3 Days):  BEARISH
The S&P 500 Index (INDEXSP:.INX) remains locked in range-bound consolidation, and has now overcome multiple pullback attempts. But each...












