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Market Commentary

Market Commentary

January 19, 2023 The major indices all sold off yesterday and finished near the lows of the session. Crude and Treasury yields were also under pressure. The sell-off in equities was broad based, as all major sectors closed in the red. The weakest groups included Consumer Staples, Utilities, and Energy. In late April 2022...
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Market Commentary

Market Commentary

December 14, 2022 The major indices gained yesterday but finished well off the highs of the session. Crude also gained, while the US Dollar Index and Treasury yields moved lower. Strength in equities was led by Energy, Communication Services, Real Estate, Basic Materials, and Technology.   In Late April negative developments occurred in the...
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Monolithic Power Systems, Inc. (MPWR) Report

Monolithic Power Systems, Inc. (MPWR) Report

December 14, 2022 A long-term uptrend is intact in Monolithic Power Systems, Inc. (MPWR); however, overall composure is cautious. A potential large bearish complex head and shoulders distribution pattern began in October 2020 that formed within the larger uptrend. The bearish pattern may trigger with a confirmed break below the horizontal neckline, in the...
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Market Commentary

Market Commentary

November 30, 2022 Most of the major indices moved lower yesterday, except for a small gain in the Russell 2000 Index (RUT). The US Dollar Index, crude, and Treasury yields all gained. Performance in equities was mixed across sectors. A relative and absolute outperformance occurred in Basic Materials, Energy, Real Estate, Industrials and Financials. Weakness...
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Roper Technologies, Inc. (ROP) Report

Roper Technologies, Inc. (ROP) Report

November 30 , 2022 Overall composure is cautious in Roper Technologies, Inc. (ROP), as a potential large bearish complex head and shoulders distribution pattern began in May 2020. The pattern may trigger with a confirmed break below the slightly downward slanted neckline, currently in the $359.20 area. A trigger would signal a primary downtrend with a...
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Market Commentary

Market Commentary

November 29, 2022 The major indices yesterday sold off and finished near the worst levels of the session, while the US Dollar Index gained. Yesterday’s weakness was broad based, as all major sectors closed in the red. The poorest performing groups included Real Estate, Technology, Basic Materials, Energy and Industrials. In Late April negative...
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ICON Public Limited Company (ICLR) Report

ICON Public Limited Company (ICLR) Report

November 29, 2022 Overall composure is cautious in ICON Public Limited Company (ICLR), as a potential large bearish complex head and shoulders distribution pattern began in July 2020. The pattern may trigger with a confirmed break below the slightly upward slanted neckline, currently in the $172.35 area. A trigger would signal a downtrend with a minimum...
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Market Commentary

Market Commentary

November 23, 2022 The major indices gained yesterday, while weakness was seen in the U.S. Dollar Index and Treasury yields. All of the major equity sectors closed in the black, with impressive relative strength seen in Energy, Basic Materials, and Technology. In Late April negative developments occurred in the major indices. The NASDAQ 100...
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Corteva, Inc. (CTVA) Report

Corteva, Inc. (CTVA) Report

November 23, 2022 Overall composure is positive in Corteva, Inc. (CTVA), as a primary uptrend is intact. The uptrend is defined by the primary bullish support line that began in September 2021, currently in the $55.30 area. Overall outlook will remain positive while prices hold above trend support. Late last month a positive signal...
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Market Commentary

Market Commentary

November 22, 2022 The major indices yesterday finished in negative territory, while the US Dollar Index rallied.  Weakness in equities was led by the NASDAQ 100 (NDX) and NASDAQ Composite (COMPQ) indexes. Performance in equities was mixed across sectors. A relative and absolute underperformance occurred in Consumer Discretionary, Energy, Technology and Communication Services. A...
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