Key Points Technology and Discretionary Need to Clear their 200-Day Moving Averages Communication Services Builds a Base but Still Lags Energy Continues to Fight to Defend the Long-Term Trend Health Care Gives Up Its Leadership Position Staples and Utilities Begin to...
All eyes appear to be on the Energy sector as it trades near the rising 200-day moving average. After printing readings in the minority late last week, the percentage of Energy components above their 200-day moving averages has regained the majority in the August 8th...
Key Points The S&P 500 Rallies Further Above Support Small Caps Remain an In-Line Performer The NASDAQ 100 Faces a Relative Test This Week The Ten-Year Note Remains in Base-Building Mode Commodities Hold the 40-Week Moving Average Again This daily note IS brought...
Equities in the U.S. continue to rally after regaining broken support and their respective 10-week moving averages. These moves, while encouraging, must still pass key tests by reclaiming the declining 40-week moving averages. Moves below the support would be a signal...
