Tactical indicators update
The major indices are little changed in early trading, while our indicators are moving further into overbought territory.
Read MoreEarly Monday look
Not much came out over the weekend to change the macro picture – it is mixed just like the markets. President Trump’s Fox News interview didn’t do much to change…
Read MoreThird week of gains for the SPX
It was a relatively quiet session. The S&P 500 Index (SPX) tacked on 9 points (0.28%), its smallest point gain in the last 20 trading sessions.
Read MoreHousing Starts and Building Permits rise for the second month
Housing Starts and Building Permits were a little below expectations but were positive for the second straight month.
Read MoreLate day thought
Not much changed thus far today. Cyclicals are outperforming the mega-cap growth names as the market bumps up against resistance. Today we defined what would define the end of the…
Read MoreRetail investor sentiment gets a little more bullish and bearish
As the S&P 500 Index (SPX) has moved up to test the June highs, retail investors became more bullish as well as more bearish on future market direction.
Read MoreWednesday rally
Positive news on a clinical trial for a potential Covid-19 vaccine had investors in an optimistic mood this morning.
Read MoreRotation into industrials
There has been some significant rotation into industrial stocks over the last few days.
Read MoreBullish newsletter writer sentiment moves even higher
As equities continue to climb higher, so does bullish sentiment.
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