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Market Recap for Tuesday, July 3, 2018 U.S. equities started the holiday-abbreviated trading session on Tuesday quite nicely with gains across each of our major indices. But that strength deteriorated throughout the day and, by the close, all but the small cap Russell 2000 had finished in negative territory. The Dow Jones remains above its key price support from the first half of Read More
A good start of the day, at least for me is to go to the StockCharts.com dashboard and look at the Top 10, most active, market movers, in the S&P 500 index. The table gives a quick idea of what has happened the previous day. From there I open up the (daily) RRG for this universe to see if any of these tickers are showing meaningful rotational patterns. This RRG shows the stocks that Read More
The first half of the year, saw the $TSX do nothing. After 120 trading days, we ended up 0.3% above the year-end level. The $SPX wasn't much better but it quadrupled the $TSX with a 1.3% gain. That sounds like a lot of trading days to end up within a day of being flat. So with that as a backdrop, we need a little rodeo style to kick this market higher. Unfortunately, the current level Read More
Copper signals a primary bear market Copper's influence on commodities in general Copper and bond yields It's often said that Copper has a PHD in economics because it is used widely in many economic sectors. As a result, long-term reversals in its price trend often foreshadow general swings in the economy. Even though the use of Copper in many industries is no longer as great as it used to be Read More