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
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
As mentioned in previous posts, all market indices had been exhibiting signs of a pause in the strong trend since the lift-off last November. We've made note of some the leading groups, such as bank stocks which showed some bearish prints over the past few weeks. Morgan Stanley, MS, used as a proxy for that … Continue reading Market Indices Update
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
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?
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?