Breakouts galore – some potentially significant, some feeble. But it is too soon to lend significant weight to last week’s action given potentially bearish candles of November and December. The Russell 2000 cleanly broke out of 2540s last week. After … Continued
The Russell 2000 has finally joined the S&P 500 in reaching new highs. Lower interest rates, and hopes for more, likely triggered the move. The path ahead is not so clear. Bulls could be either looking at a massive breakout … Continued
Overbought equities took it on the chin last week, with the S&P 500 producing a bearish candle on the weekly. But before the bears could hang their hat on this, the ratio of VIX to VXV may not fully cooperate … Continued
On Friday, March’s employment numbers will be reported. Job growth has been decelerating for months now. Amidst this comes February’s JOLTS report, which points to more softening in the jobs picture in the months ahead. In February, the US economy … Continued
The Fed is using both conventional and unconventional tools to deal with surging inflation. This is bound to impact economic activity, which is already showing signs of deceleration. Inflation could be the next shoe to drop. Any signs of this … Continued
Georgia Senate results have pretty much ensured a new round of stimulus money as well as a fresh infrastructure package. Stocks had a massive 4Q, with the S&P 500 jumping 11.7 percent. This helped push the price-to-sales ratio further into … Continued
There probably is an air of excitement among U.S. housing bulls – particularly the technically oriented ones. Sales of both new and existing homes have broken out of recent ranges. In June, new homes rose 3.5 percent month-over-month to a … Continued
This week is perfect to be discussing U.S. housing dynamics as the March sales numbers for existing and new homes were just published. The report was mixed. Sales of existing homes rose 6.1 percent to an annual rate of 5.19 … Continued