Short Circuit:  Semiconductors Break Down

Short Circuit:
Semiconductors Break Down

Key Points A relative breakdown for Semiconductors, along with a shift in momentum, will likely be a headwind for the NASDAQ and Technology Sector. Buyers step in to push the S&P 500 toward the top of the day’s range. Small Caps continue to consolidate within the...
Leadership  Begins to Emerge

Leadership
Begins to Emerge

Key Points Materials and Financials appear to be reasserting their bullish relative trends, stepping forward in what has been a leaderless market for the past few weeks. Former leaders, Technology and Discretionary, continue to fade on a relative basis. Defensive...
The Pauses  that Refresh?

The Pauses
that Refresh?

Key Points Equities, in the U.S. and abroad, remain in consolidation mode. The S&P 500 has made no progress, on a closing basis, for three weeks. Likewise, the trends in rates have been stalling as the 10-year trades between key support and resistance levels....