Something interesting is about to happen to the US stock market. The end of the week will mark the creation of an entirely new market sector of the S&P 500 Index - the Communications Services Sector. Here is an article from Marketwatch filling you in on what you need to know about the change... https://www.marketwatch.com/story/a-new-sp-500-sector-is-set-to-debut-heres-what-investors-need-to-know-2018-09-24 Trade Smart, Don … [Read more...]

The Dow caught up with Nasdaq and the S&P 500 index making a new all time high last week. SPDR Dow Jones Industrial Average ETF (DIA) ​​​​​​​ The 10 year Treasury yield popped and closed above 3% last week. CBOE 10 Year Treasury Yield Index (TNX--X) weekly Market and sector breadth (participation in the advance) is strong. SPDR's S&P 500 Trust Series ETF (SPY) weekly comp The bond market sold off pretty hard last week and stocks just powered higher. TLT, the 20+ y … [Read more...]

Don't you just love a good logarithmic scale now and then? I know, you are probably getting goose bumps right about now. I generally use an arithmetic scale on my price charts but I like to look at a log scale when looking at long time frames. It gives me a better "look" at percentage gains over decades. Arithmetic scales have equal spacing of price on the vertical axis so a $5 change from $10 to $15 (50% move) looks the same as a $5 change from $95 to $100 (<5% move). Log scales show … [Read more...]

Since my last SPY buy signal on July 2nd the S&P 500 index ETF has had 8 out of 9 up weeks and is higher by 7.5%. Price has cleared and closed above the previous all time high from January this year. Nasdaq, small caps and mid caps are all making new highs. Bonds have been range bound and sideways for most of the year which is a net positive for stocks. Most industry sectors are charging higher. Gold sucks. All is well...right? SPDR's S&P 500 Trust Series ETF … [Read more...]