Week in Review: Stocks Defend Support… For Now

Split Tape Returns As Bulls Defend Support The market, once again, is very split. Gold and a few other commodity stocks (Steel, Energy, etc) are acting very well while many other areas of the market are rolling over or remain very weak (Semiconductors $SMH, Retail XRT, Biotechs IBB, etc). We have now entered the beloved […]

Interview with Adam Sarhan

We finally had the opportunity to sit down with +20 year market veteran Adam Sarhan, Forbes Contributor, and Founder & CEO of Sarhan Capital, and pick his brain. In the following interview we’ll get to know him, his trading style, as well as what he finds that works best in the market and what doesn’t work well at all.

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…