There's an old saying that Generals are always fighting the last war. In similar fashion, many stock market participants do the same thing. Since the great market swoon in December of last year, market pundits on video and print media obsess about the return to the new lows, or at least a test thereof. The … Continue reading ‘A Bubblin’ Crude
Much has happened in a very short time. The recent activity in the equity markets showed the flip side of the benign environment that has existed for almost 2 years since November of 2016. We'll leave it to TV market pundits to explain stock market swings ex post facto, but we can make one glaring … Continue reading The Maddening Crowd
On the recent market decline, many high quality names were thrown out by investors like rotten apples at Whole Foods. A somewhat surprising name among them is IBM. While the chart of IBM was hardly dynamic in the weeks prior to the market's correction, the heavy and continued selling indicates that lots of big money, … Continue reading IBM, Babies And Bathwater
Following an extended period of prices steadily ratcheting higher, the stock markets finally collectively hit some wild turbulence. The speed and ferocity of the past week's decline was alarming particularly because over the past 2 years, people have been lulled into believing that a steady, low volatility advance was the new normal. In fact, it … Continue reading Now What?
In the very recent update on AAPL, we opined that the trend on the stock appeared intact and unless some indicators showed divergence, we would have to default to being long. In the weeks since, we've observed some interesting price action on this stock shown by the charts following. (charts by stockcharts.com) Quite a few … Continue reading AAPL Inflection Point
Last year, we pointed out that PHM was an almost textbook example of a stock that had a significant breakout after a number of years trading in a bounded trading range. One of the most dependable charts in which to trade are those which exhibit such behavior. When all the trading statistics line up on … Continue reading Pulte Home Follow Up
As we begin this new calendar year, the markets continue to surge into new highs even as some fatigue seems to be settling in among some individual issues. Plotting the performance of select sectors versus the benchmark S&P shows that many of the strong momentum groups remain strong and not exhibiting conspicuous weakness. Technology stocks … Continue reading Oil And Oil Services