Back to Work With a Key Market Level You Should Be Watching
It’s a choppy market that can slice, dice, and chop your portfolio. Here’s what I’m paying attention to.
It’s a choppy market that can slice, dice, and chop your portfolio. Here’s what I’m paying attention to.
Everybody’s talking about the Skew in the options market. But what does it mean? Let’s look at that, plus other indicators.
The semiconductors helped push the S&P 500 to new highs back in May, but they’ve since lost momentum. Can the S&P rally without the semis?
While our team overwhelmingly continues to feel that risk is high, they’re not in agreement regarding what to do about it.
Micron’s earnings beat might just negate the bearish island patten that formed earlier this week. Here’s what to watch for.
This remains an either/or market. But the semis are at an important point and we’re watching to see if they can rally here.
Sure, the Nasdaq traded 15 billion shares. But the action was concentrated in the Semis, as expected, and a penny stock, not expected.
There’s been a lot of movement among individual names since May 6th, but the major indexes have nothing to show for it.
This week, the team seems a little more mixed. But still, worries abound.
It’s simply not a good sign when the number of new lows breaks 200.