This weekend all of the Chartbooks on the site were updated, so this is a quick post to highlight some of the significant developments since they were last updated.
The broad-based Financials ETF $XLF has gone basically sideways for the majority of the year, but under the surface there has been strength in individual names and sub-sectors like Broker-Dealers and Exchanges. We've spoken a lot about them in the past, so today I want to talk focus on several stocks showing relative strength that are setting up on the long side.
The Nasdaq Composite closed at another all-time high yesterday, but some are questioning this rally's sustainability due to the under-performance of the Semiconductor Index. Given we're open-minded about our bullish Technology thesis, we want to use this post to take explore the sector's recent performance and its possible implications.
This post is part two of the semiconductor discussion that began here, with us outlining the current trend in Semiconductors from the top-down. If you've not read that yet, I suggest you do as this post will focus on the specific stocks we want to be involved in to capitalize on the eventual continuation of this sector's uptrend.
This week I was in New York meeting with partners and old friends. On Tuesday I was down at the Bloomberg Headquarters chatting with Catherine Murray about what we're seeing from a technical perspective. We discuss Technology, Medical Equipment stocks and where we are within this secular bull market. Here's the video of the interview:
Over the last week or so we've seen an upside reversal in many of the Public Sector Bank stocks across the large, mid, and small-cap segments of the market. This has many wondering whether or not this is "the bottom" in this sector or if it's simply "a bottom" within the context of many structural downtrends. In this post we'll take a look into the sector to see what the weight of evidence suggests might be the answer to this question.
During our July Members Only Conference Call we discussed a lot of the big-picture trends from around the world and in India, but we wanted to do a long post discussing what we're seeing in the small-cap space. In this post I'll cover what we're seeing in the index itself, as well as get into some of its most actionable components. Also check out our mid-cap post here.
During our July Members Only Conference Call we discussed a lot of the big-picture trends from around the world and in India, but we wanted to do a long post discussing what we're seeing in the mid-cap space. In this post I'll cover what we're seeing in the index itself, as well as get into some of its most actionable components.
One of the most underrated tools we have as U.S. Stock Market participants is the Dow Jones Industrial Average. I often hear how because it's price weighted, or because it only has 30 stocks, it cannot be relied upon as a gauge of market health. In the past, I've written about how I use it and why these criticisms are irresponsible. I encourage you to read through our Free Educational section to see how we use the Dow Jones Industrial Average and other various tools that we have at our disposal.
One of the things I try and point out is that the S&P500 and Dow Jones Industrial Average move together. Look at a chart of both of them going back 10 years or 100 years and tell me they move in different directions. The S&P500 is market-cap weighted, meaning that the bigger the stock's market cap, the heavier the weighting in the index....