Will the Cyclicals Hold  Where They Must?

Will the Cyclicals Hold
Where They Must?

Key Points Hardware is the Latest Area of Technology to Catch our Attention Cyclical Groups are Testing Important Levels, Will They Hold? Still Waiting on a Relative Breakout for Communication Services Defensive Groups Remain Weak, But Not Real Estate Health Care is a...
Risk-Off or  Just a Pause?

Risk-Off or
Just a Pause?

Key Points The Credit Market is Not Sending Up a Red Flag High Beta vs. Low Volatility Tests the 50-Day Moving Average No Breakdown in the Discretionary/Staples Ratio Copper and Lumber Reach Important Support vs. Gold Growth Nears Resistance Relative to Value Chart in...
Breadth Metrics Fail  to Confirm Price Highs

Breadth Metrics Fail
to Confirm Price Highs

Key Points Equal Weighted S&P 500 is Losing Momentum vs Cap Weighted Increasing New Lows on the NYSE S&P 500 Breadth Shows Further Signs of Weakening Small Cap Breadth is Holding Up Better Breadth Trends Did Not Confirm Recent Index Highs Chart in Focus: In...