Category Archives: Weekend Reading

The Financial Sector Could Be Poised To Out Perform The Broader Market

The financial sector has chronically under-performed the broader market over an extended period of time. That dynamic may be in the early stages of a transformation. Last week the S&P 500 Index returned to its high of the year. This week it has made incrementally new all-time highs. By contrast the financial sector, as represented… Read More »

Caution! – Bearish Patterns On The Major Market Index Charts

On Thursday it looked like a triple top had formed on the Russell 2000 chart. Three consecutive bearish engulfing candles formed at channel resistance and it appeared the consolidation pattern was going to resolve to the downside. The analysis was posted here. As it turned out the small-caps were hit hard on Friday and the… Read More »

The Dissimilarities Between The S&P 500 Index In The First Half Of 2016 &The First Half Of 2018

It was a volatile first half of this year. The S&P 500 Index moved in a 12% range similar on a percentage basis to its opening range in 2016. But while the price ranges were similar the direction of price movement was not. The monthly and daily charts show several dissimilarities between the opening halves… Read More »