S&P Upside - Measuring the Measured Move

S&P Upside – Measuring the Measured Move

“I think we’re going to see some outperformance in the financial sector, which was really the leader in Q4 of last year, which is the launch of the rally that then gets us to that 2,640 target,” says BTIG’s Katie…

Biotechnology Ready To Resume Rally

Biotechnology Ready To Resume Rally

Biotechnology stocks had an incredible run between 2012 and 2015, and the iShares Nasdaq Biotechnology ETF (IBB) was up 395% in that time. After making the record high, however, the space came under pressure and the fund dropped below its…

Facebook Underperforms Relative to the Other FANG Stocks

Facebook Underperforms Relative to the Other FANG Stocks

Shares of Alphabet (GOOGL) were up 5.8% last month and Amazon (AMZN) and Netflix (NFLX) were both up 5%, but Facebook (fb) was down in the May just over half a percent. While the price action of one stock cannot…

Charts to Watch When Primal Forces Take Hold of the Markets

Charts to Watch When Primal Forces Take Hold of the Markets

The markets were down sharply in Tuesday’s session and registered their largest single day decline since September, while the Volatility Index (VIX) spiked up over 46% and closed on the high of the session. The moves reminded us that investor…

A Technical Look at Four Retail Trades

A Technical Look at Four Retail Trades

Here are two retail sector articles that were published on TheStreet.com earlier in the week– Ralph Lauren (RL), DSW (DSW), and Michael Kors (KORS) look like potential buys but Tiffany (TIF) appears poised for a pullback. Three retail longs and…

The Market Wasn't In Bearish Transition

The Market Wasn’t In Bearish Transition

It did look like the market was in bearish transition, but like I said in the linked article, “Watch for a breakdown from these daily support levels as confirmation of the reversal action on the weekly chart.” Confirmation is crucial…

The Market is in Bearish Transition

The Market is in Bearish Transition

There has been a transition underway in the market over the last month, evident on multiple timeframes on the charts of the major market indices. One last level of technical support remains before the breakdown is confirmed and market heads…

The Charts Suggest -- Apple Is Headed Lower

The Charts Suggest — Apple Is Headed Lower

The broader market is experiencing a minor pullback this month, but this “minor” pullback has taken the indices and many of the most actively traded stocks back down to key support levels. This is the case with the Dow Jones…

Gold Preparing for a 10% Gain--How to Trade the Gold ETF

Gold Preparing for a 10% Gain–How to Trade the Gold ETF

(this article was first published on TheStreet.com on April 10th.) Gold has rallied this year back up to the intersection of a key technical level and its 200-day moving average, and in the process, formed a bullish cup-and-handle pattern on…

The Major Market Indices Continue to Weaken

The Major Market Indices Continue to Weaken

The Dow Jones Industrial Average ($DJIA) and the S&P 500 Index ($SPX) are retesting their 50 day moving averages and nearing downside support levels, at this early point in the trading day. The Russell 2000 Small Cap Index ($RUT) has…