Gold has had an impressive run this year. It’s up 25.35% over the trailing twelve months, while the S&P 500 is only up 2.59% over the same period. However, several traders and analysts have pointed out that Gold is forming a head and shoulders top on the daily chart. Gold futures are currently down over […]
Seasonal Headwinds
Seasonality is not a perfect science. However, it can be helpful to be aware of the times of year that have been historically weak/strong for the market on average. (Don’t worry, I won’t torture you with a cliché quote about history repeating itself.) So far in 2019, stock market seasonality has served as a reasonably […]
Breaking Down the Russell Indices
When trying to gauge the state of the US Stock Market, we typically look at benchmarks like the Dow Jones Industrial Average or the S&P 500. Several other indices are worth taking a look at that could provide a more comprehensive picture of the market. I thought it would be interesting to break down the […]
Financials Attempting to Break Out
Financials have underperformed the S&P 500 this year, but that might be about to change. The sector represents a large weighting in the Small-Cap Russell 2000 index. If Financials can pick-up strength soon, it would likely help lift small-cap stocks, which would be a big positive for the broader market. Below is a great breakdown […]
Crude Oil Surges
WTI Crude Oil rallied over 14% today to close at $62.88 per barrel. This marks the largest single-day percentage gain for the commodity since June of 1998. On Friday we ran a Twitter poll asking which level WTI Crude Oil will hit first, $50 or $60. While 54% of respondents said $60, I don’t think […]