by Dan Russo, CMT | Jun 22, 2021 | Research
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...
by Dan Russo, CMT | Jun 21, 2021 | Research
Key Points Stocks Pull Back from Record Levels The NASDAQ is a Bright Spot with Reflation Assets Under Pressure Notable Strength at the Long End of the Treasury Curve Commodities Pull Back; Energy Holds Up the Best Will the Dollar Reverse its Bearish Trend? U.S....
by Dan Russo, CMT | Jun 18, 2021 | Research
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...
by Dan Russo, CMT | Jun 17, 2021 | Research
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...
by Dan Russo, CMT | Jun 16, 2021 | Research
Key Point More Signs of Strength in the Energy Patch Stocks in the U.S. Trade Near Record Highs Ten-Year Note and Gold are at Key Support Levels Copper Breaking Down? Sentiment is Not Providing Much Information Chart in Focus We have written a lot about strength in...
