A Key Sector Joins the Lower Low Sweepstakes

Public readers, please don't construe what I write publicly as some kind of reco to short (I have been short XLF for portfolio balance and a contrary interest rate view).…

Comments Off on A Key Sector Joins the Lower Low Sweepstakes

Tesla’s Big Mouth

Tell me, is the market croaking TSLA this morning only because Mr. Musk had a big, dumb, impetuous and ill-advised mouth on the conference call or is the market looking…

Comments Off on Tesla’s Big Mouth

vs. SPY

Daily and weekly views of various US sectors vs. SPY. The reminder is that this is not normal TA. It is just a way of gauging short and long-term sector…

Comments Off on vs. SPY

About Those Medical Device Companies

Yesterday we took a look at the bullish SYK breakout and the bullish chart of the Medical Device iShares (IHI). So here is the thing; bullish stocks are one thing…

Comments Off on About Those Medical Device Companies

Industrials SPDR: New Downtrend!

Joining a very few other sectors, I am pleased to announce a brand spanking new baby downtrend in the Industrial ETF, XLI. The lower low marker is finally in and…

Comments Off on Industrials SPDR: New Downtrend!

QQQ Looking Ever More Right Shouldery

It's a pattern and that is the caveat. We TAs see them and get very very excited. After being long the Cube out of the late March low I am…

Comments Off on QQQ Looking Ever More Right Shouldery

Intel and Sanford Burnedstein

This is unfortunate for a member of the buttoned down, highly paid stock analyst community. Sanford Bernstein has evidently been bearish on Intel all the way up, most recently reaffirming…

Comments Off on Intel and Sanford Burnedstein

Semi Bearish?

Don't look now but some of our leaders over in Semi land are getting pretty ugly. This does not look like a normal pullback from the SMA 50. Subscribe to…

Comments Off on Semi Bearish?

Googling a 7.4% Profit

My largest position, bought during the recent 'RIP Big Tech' media fear fest was QQQ. I took that profit last week, as noted. Another one bought right in the depths…

Comments Off on Googling a 7.4% Profit

SPX: Mr. Gappy Goes to Work

Mr. Gappy rose to fill the lower March gap down (now tinted orange) but still has some work to do. Today he noticed that he'd left something behind, an upside…

Comments Off on SPX: Mr. Gappy Goes to Work