Tag: $rut

Market Breadth Update

June option expiration has come and gone and the markets have held their own as each of the major indices stayed above the 200 SMA. The biggest gainers for the past week were the Dow and the utilities sector ($XLU). The health-care ($XLV), consumer discretionary ($XLY) and consumer staples ($XLP) sectors were flat while precious

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Market Breadth Update

May is done as we start a holiday shortened week in which we are still stuck in a range. So much going on in the world and here in the US that, bull or bear, you must admit the market has held up nicely. In fact, when comparing last week’s breadth, a majority of the

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Market Breadth Update

In case you were out last week and haven’t read a single thing or turned on your TV, the markets broke down last week. The $SPX and $INDU closed under their 200 SMA while the $NDX broke through on Thursday but managed to close back above the 200 SMA on Friday while the $RUT found

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Obama In, Bush Out

So much for the Obama bounce! It appears as if it was a buy on the rumor; sell on the news with President Obama’s inauguration. Statistics have shown that the inauguration is a loser for the major markets most of the time. Add to that the fact that earnings season is off to a rough

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