Whole Foods is as much a fixture in today's urban settings as Starbucks. Their respective stock market performances couldn't be more different. From the chart below illustrating the 5 year returns on both issues, it's obvious that SBUX has been able to maintain a generally buoyant stock price while WFM has drifted substantially lower. (chart … Continue reading Whole Foods WFM
It's hard to believe that we are fully 3 months past the contentious US general election. The verdict is in and it's been all good for the markets, save the speed dip immediately after the generally surprising result. Despite the ability of all markets to ratchet higher, there is still plenty of skepticism from many market pundits that things … Continue reading Position Check
While most of our focus will be directed to markets in North America, much of the conditions that are conducive to market strength (or weakness) will have effects on the markets of other nations as well, especially since the complex grid of taxes, interest rates, trade restrictions, demographics and political variables are all interconnected like … Continue reading What’s Happening Worldwide?
As we've made note of in a previous posting, healthcare issues have lagged many other sectors during the recent advance. When an issue in an unfavored group exhibits interesting technical signs, we should pay attention. The chart of HCA shown below gives off a number of clues that a trend change is about to happen. … Continue reading HCA
No discussion about markets can take place without consideration to the basic underlying measure of currency. In this case, we examine the US dollar's intrinsic counterpart, the Euro. We could have just as easily looked at the US dollar but we'd have to measure it against another currency or basket of currencies as is the case … Continue reading Euro…Hero Or Zero?
Gold is a commodity that continues to be in vogue whether in a bear or a bull market. There will always be ardent fanatics warning of the next financial calamity at which time gold will be the only currency. The other side argues that adherence to a gold standard is a relic of ancient times; after all, … Continue reading Gold
Lots of recent buzz surrounding a possible resurgence of oil and oil related investments. We are observing the weekly chart of XOI, the oil and gas ETF which gives us a top down view of the group. A preliminary look reveals that this market has turned from a bearish to a more sideways tone. While it's possible … Continue reading Oil XOI, XOM
OCLR appears on our screens mainly due to the persistent accumulation shown by the SCTR rating. The measure has been stuck in the high 90's since last June with very few downticks. The chart had a tremendous rise last year, breaking out from just over 5 to hit a peak over 10. The 50 day moving … Continue reading Oclaro Inc OCLR
In order to have a look at which sectors of the market have been driving the overall US markets higher, here is a diagram showing the relative performance of select sectors over the past 200 days from the stockcharts.com people. This more clearly shows the outperformance by the financial, the technology and the industrial sectors … Continue reading What’s Moving?
From the beginning of 2017 to now, we've seen an abundance of optimism enter all sectors of the US equity markets, from large cap Dow stocks to small cap Russell. Since the "Trump Rally" of late 2016 to present day, a period of consolidation transpired in which the 20,000 threshold on the Dow Jones was … Continue reading Indecision