Key Points S&P 500 Closes Monday’s Gap and Retakes the 50-Day Moving Average New Highs for Discretionary vs. Staples More Room to Run for the Lumber/Gold Ratio Small Caps Making the Turn vs. Large Caps? Growth Struggles Against Value as Resistance Holds Chart in...
Key Points Credit Markets are Not Stressed S&P 500 at a Key Level for the “Buy the Dippers” Ten-Year Note is Down Week-Over-Week Commodities are at Support, Bounce Likely Sentiment has Turned to “Extreme” Fear Chart in Focus With the words “contagion” and “Lehman”...
Key Points Airlines Hold Support, Can They Help the Transports Fly? Industrials Test and Hold Relative Support Materials Break Support on a Relative Basis Defensive Sectors Stabilize vs. the S&P 500, but are not Breaking Higher Health Care Continues to Show...
Key Points S&P 500 and NASDAQ Test their 50-Day Moving Averages Small Caps Remain Trapped in a Consolidation Treasuries are not Seeing a Haven Bid as Stocks Fall New Highs for the Bloomberg Commodity Index U.S. Equities The S&P 500 is dancing with the rising...
Key Points A Key Relative Breakout for Software High Beta Takes a Slight Advantage vs. Low Volatility Lumber/Gold Stages a Strong Move from Support Growth Over Value is an Ongoing Trend Will Small Caps Make the Turn vs. Large Chart in Focus: The S&P 500 Software...
