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…

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…

Triple Top or Double Bottom? Analyzing the S&P 500… 04/19/2016

The monthly chart of the S&P 500 can be viewed as both bullish and bearish. The bulls will point to an imminent breakout from a double bottom base while the bears will call this a potential triple top. This article will discuss which way the scales are tipping.

Stocks Sit Below Major Resistance As Earnings Season Begins

  Stocks rallied last week as the bulls sent the major indices above important areas of resistance and within striking distance of fresh record highs. Most of the big financials rallied last week after reporting crummy numbers. This reinforces our point about focusing on the reaction, not the actual numbers. Corporate earnings are expected to […]