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?
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.
There’s been a lot of movement among individual names since May 6th, but the major indexes have nothing to show for it.
There’s lots to love about the stock market right now. And many things to be concerned about.
We got that rally last week, but under the surface, there are worrying trends.
Oil down, transports up. That’s the old relationship. But it isn’t working these days.
The SOX are tracing out a possible double top. Or a pennant. We don’t know yet. But Transports are following oil, which is down.
An up day for stocks. Well, about half of them, that is. Here’s what I’m watching.