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
While it's always rewarding to catch the meat of a swing trade, to do so requires a fair bit of analysis, some confluence of technical events and, don't kid yourself, a good dose of opportune timing. Looking beyond the swing trading time frames, monthly charts will give useful perspectives on target prices and therefore the … Continue reading The Long Game BRKS, FAST
There is no technical data on this newly minted IPO, so any comments I make are purely anecdotal and for amusement only. If you've been around the markets for a while, you will have experienced breathtaking optimism, such as we see today, or despondent weakness, as seen as recently as the spring of 2008. At … Continue reading SNAP
In our discussion about warning bars, we did not have a look at the TSX composite index. Though the TSX composite has moved higher generally in sync with the popular U.S. market averages, its performance has been held back by the heavy exposure to resource issues such as metals and oils. The chart below by the … Continue reading TSX Composite
We've discussed the strength of the overall U.S. stock market numerous times as supported by the very positive internal statistics. Advancing versus declines, new highs versus new lows, numbers of stocks in the positive bullish percent column, all have been supportive of the strong advance since mid November. The lack of volatility is the real … Continue reading Looking For Clues
Earlier this year, we made some observations about some large cap market leaders. One of those leaders was Amazon and the opinion we offered at the time was that momentum seemed to be flagging and we expressed that the high had probably been made. After a brief selloff, our skepticism was unrealized and AMZN has gone on to match … Continue reading Amazon and Visa
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?