Earlier this week, Mark Newton of Newton Advisors appeared on Real Vision to gives his take on whether we are close to finding a reversal point from this recent correction. Mark begins by pointing out that sentiment was pretty high for a majority of 2019, but those bullish feelings have come down quite a bit recently, […]
Short-term Bearish, Long-term Bullish
Earlier this week, Katie Stockton appeared on CNBC’s Squawk Box to share her thoughts on the current landscape of the market and what she sees over the short, and intermediate term. Katie shares that her short-term indicators are “supportive of the pullback” and that she does not see a current bottom of 2800. Katie is […]
A Crude Correlation
Crude Oil fell nearly 7% last week, marking the worst weekly performance for the commodity so far in 2019. It was up an astounding 57% from the December 2018 lows in less than six months before topping out at the end of April around $66 per barrel. It’s now trading around $58, about 14% off […]
A Gigantic Thrust in Breadth
This past weekend, Chris Ciovacco, owner of Ciovacco Capital, gave us his take on the strength we are seeing in the broad market. Looking at market breadth, and specifically the number of stocks trading above their respective 200-day moving average, have we seen “the mother of all breadth thrusts”? Chris seems to think so. First […]
This Market May Have More Legs – 3 Charts from Ari Wald
Ari Wald, Head of Technical Analysis at Oppenheimer, was on Bloomberg’s ‘Smart Charts’ segment with Abigail Doolittle yesterday discussing his current thoughts on the overall market and an individual large cap he is bullish on. The Chart Report previously covered a February appearance by Ari on Smart Charts here and a March Fast Money appearance […]