Sell in May and Go Away?

Once again, sellers are showing up, after a 2.5 month hiatus, and putting pressure on several key areas of the market. Short-term, the major indices rallied right into major resistance (prior chart highs) and are now pulling as the pause to digest the strong rally from Feb’s low. Economic and earnings data remains tepid at best…

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Adam Sarhan

FLS Weekend Report 05/01/2016

Once again, after a 2.5 month hiatus, sellers are showing up and putting pressure on several key areas of the market. Short-term, the major indices are pulling back after a strong rally right into major resistance (prior chart highs). Economic and earnings data…

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Stocks Stall Below Major Resistance

Several important areas of the market, that had been leading for months, are now in “pullback mode” as we enter the heart of earnings season. Some of the recent leading areas such as: Defensive stocks, Consumer Staples, Food, Beverage and Utility stocks…

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Adam Sarhan

FLS Weekend Report 04/23/2016

Stocks opened the week higher but stalled mid-week and closed mixed to lower after sellers showed up in the latter half of the week. The small and mid caps outperformed while the Nasdaq/Nasdaq 100 lagged last week. Several important areas of the market, that had been leading for months, are now in “pullback mode”…

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Adam Sarhan

FLS Thursday Update 04/21/2019

Stocks are lower on Thursday as many of the leading areas of the market are now in “pullback” mode. When you have a chance take a look at: VZ, XLU, TSN, CPB, XLP,TRV, GLD, XLE, DBA, just to name a few. So far, this is a normal pullback but…

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Adam Sarhan

FLS – A Closer Look At Earnings Season 04/19/2016

Stocks rallied hard over the past few days, led by a very strong rally in a slew of commodity stocks. Energy (XLE, XOP, OIH), Materials (XLB), Transports (IYT), Industrials (XLI), Steel (SLX), Gold/Silver (GDX/GDXJ) continue to lead the market as the US dollar continues to fall (UUP). Since the Feb 11th low, the biggest winning theme has been…

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