The US stock market has continued to advance in afterburner fashion over the past few weeks. Historically seasonal weakness in the August/September windows translated into only a sideways pause in the equity markets. Once we entered into the seasonally strong October and November period, stocks exploded on the upside across all of the popular averages. … Continue reading Rotation
Year: 2017
AAPL
Apple computer has been the iconic technology growth stock for the past generation. The company has been able to produce products and services that have been eagerly consumed by a worldwide audience. Very few companies have experienced the tremendous consistent growth in business and market cap as this company. Over the years, my skepticism of … Continue reading AAPL
Blockchain/Bitcoin
Outside of the activity of the listed markets is a phenomenon that has captured the attention of money people everywhere. We are referring to the crypto currency space as represented by the more well known products, Bitcoin and Etheruem. Bitcoin prices, which began at just a few hundred US dollars just over a year ago, … Continue reading Blockchain/Bitcoin
Healthcare/Pharma Activity
In mid June of this year, we pointed out some activity that appeared interesting from the longer term chart patterns of some healthcare/pharma stocks. One of the stellar performers since then has been Abbvie (ABBV), a pharma company which produces Humira, a top selling anti inflammatory treatment among other high profile drug therapies. After breaking … Continue reading Healthcare/Pharma Activity
Base Metals
Most of the news activity surrounding the stock market recently has revolved around the continued strength, or not, of the high profile tech stocks including Amazon, Tesla, Apple etc. In the meantime there has been conspicuous and steady accumulation in another, considerably less exciting area: base metals. Using the Base Metals ETF as a proxy, … Continue reading Base Metals
Follow The Money
Since our last top-down view of the markets at the beginning of the year to this point, all of the popular stock indices have pushed to new highs on an almost daily basis. Market swoons have been few and easily overcome by resumptive buying. It's hard to believe that we have crossed the 22,000 mark … Continue reading Follow The Money
Healthcare Stealth Advance
We all know that the equity markets have been steadily climbing since the US elections last November. There have been some dramatic pullbacks, but the unmistakable trend has been for higher prices. As we know, markets are not monolithic and within the aggregate market moves, there have been winners and losers. Energy has been the … Continue reading Healthcare Stealth Advance
Retailers-Apparel
By now, most everyone is aware of the devastating effect that Amazon has had on many in the retail store industry. As Amazon continues to capture retail business, brick and mortar stores continue to lose out. All of the iconic names in retail have been marginalized by Amazon's low cost and convenience model. Sears is … Continue reading Retailers-Apparel
TSLA…again
Tesla is a stock that best epitomizes the zeitgeist of the overall stock market for the past few months. Despite a fair amount of skepticism, both Tesla and the general stock market continue to ratchet up. They have both surpassed inflection points briefly created by equivocating chart patterns. We will discuss the nature of the overall markets … Continue reading TSLA…again
CENX
Century Aluminum has been popping up more often in our list of stocks moving up from long term bases. The weekly chart shown above clearly shows a bullish collection of events occurring. After tracing out a long one year base, CENX has managed to surpass not only the 5o period but now also the 200 … Continue reading CENX
TC-TECHNICALS 