Broader Market Review  Major indexes continue to push higher with financials getting the rotation this week outperforming technology. The broader market continues to reveal strength by moving higher while many technology stocks get hammered into lower channel support corners to resume their cycle higher. Current price action in broader market, sectors, capitalization spectrum, individual stocks and yields appears to be lining up for the transition out of the 22 month recovery consolidation into … [Read more...]

Happy Sunday...Go Chargers Don't you just love Fall. It's really beautiful wherever you are. The beaches are 80 degrees and uncrowded, the mountains are crisp and clear and the desert air is 24 hours of perfect. I love it. So, I recently shared a couple of my recent updates, broader market price projections/reversals and archived research/trade ideas with someone who I thought was really interested in the stock market. His response was "Good guess". That was it. I took it as a … [Read more...]

Broader Market Review Whew! Another volatile week in the books. Tuesday and Wednesday were loaded full of sellers getting their way then after going deeper yet Thursday morning the broader markets reversed higher with the Dow climbing over 800 points off the week's lows by the close on Friday. That was an impressive reversal. Short term there is room to go higher early next week up to the descending blue line at which point I would expect another leg down. Due to the depth of the move last … [Read more...]

More charts... Invesco S&P500 Industrials ETF (RGI) daily SPDR S&P Transportation ETF (XTN) daily iShares US Pharmaceuticals ETF (IHE) daily Industrial Select Sector SPDR Fund (XLI) daily iShares MSCI Japan ETF (EWJ) daily Invesco S&P500 Low Volatility (SPLV) daily Vanguard FTSE Intl ETF (VEU) daily Vanguard Intl Stock ETF (VT) daily Vanguard Growth ETF (VUG) daily Charles Schwab Corp. (SCHW) daily SPDR Select … [Read more...]

Recently Highlighted Chart Review and Update Guggenheim China Technology ETF (CQQQ) daily Advanced Micro Devices (AMD) daily Western Digital Corp (WDC) weekly Stemline Therapeutics, Inc (STML) daily Cronos Group Inc (CRON) daily Morgan Stanley (MS) weekly Bank of America Corp (BAC) weekly Symantec Corp (SYMC) weekly Wynn Resorts (WYNN) weekly Piper Jaffray Companies (PJC) weekly AK Steel Holding Corp (AKS) … [Read more...]