In the last article, I discussed the likelihood of rotation in the stock markets even as bigger trends continue to advance. While the market leaders in the tech heavy Nasdaq issues held mainly firm, conspicuous strength rotated into a number of other emerging sectors. As discussed last year, the surprising strength of the consumer economy … Continue reading Trends And Rotation
GOLD
Cycles And Rotation
Classical models of market activity hold that there are predictable cyclic rotations in the equity markets. We are familiar with the overlapping sine waves of market segments as they progress through their stages of growth and decline. In broad brushstrokes, as leading industries such as financials mature, we would expect to see robust economic activity … Continue reading Cycles And Rotation
The Significance Of Ranges
Experienced market participants know that stocks spend most of their time in seemingly random ranges. It is only for a short time that they will actively trend up or break down. This is logical since companies will go about their business in a somewhat predictable and systematic way. When something unusual or extraordinary happens, or … Continue reading The Significance Of Ranges
Gold
As you'd expect, there has been positive activity in the Gold sector. It may be surprising that relative strength was occurring here even before the recent market volatility. As we look at the relative performance of some major sectors, it wasn't obvious that gold stocks were outperforming the overall market (as measured by the Nasdaq). … Continue reading Gold
Gold
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
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