May 27, 2022 The major indices and crude continued to rally yesterday. An impressive outperformance occurred in Consumer Discretionary. Other groups that displayed relative strength include, Technology, Communication Services, Industrials, and Financials. Negative developments occurred late last month in some of the major indices. The NASDAQ 100 (NDX), NASDAQ Composite (COMPQ) and Russell 2000...
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May 25, 2022 The major indices yesterday finished in the red, but well off the lows of the session. Performance in equities was mixed across sectors. Weakness was led by Communication Services, Consumer Discretionary, and Technology. A relative and absolute outperformance occurred in Utilities and Consumer Staples. Negative developments occurred late last month in...
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May 25, 2022 Outlook is negative in Lululemon Athletica Inc. (LULU) and significantly lower prices are expected. Last week a bearish signal occurred as a breakaway gap pushed prices below the slightly downward slanted neckline of a large bearish head and shoulders distribution pattern that began in September 2020, in the $282 area. The break...
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May 24, 2022 Overall composure is positive in Star Bulk Carriers Corp. (SBLK) as a primary uptrend is intact. The uptrend is defined by the bullish support line that began in May 2020, currently in the $25.50 area. The primary uptrend will remain intact while prices hold above this level. Over the past few months...
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May 24, 2022 The major indices gained yesterday and finished near the best levels of the session. Treasury yields also gained while the US Dollar Index continued to pull back. All major equity sectors finished in the black, but the strongest performance was seen in Energy, Financials, Basic Materials, Technology and Consumer Staples. Negative...
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May 23, 2022 The major indices rallied late Friday following an early morning sell off, and finished mixed with small changes. Performance in equities was mixed across sectors. Strength was led by Healthcare, Energy and Real Estate. A relative and absolute underperformance occurred in Consumer Discretionary, Industrials, and Communication Services. Negative developments occurred late...
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May 19, 2022 All of the major indices sold off sharply yesterday and finished near the worst levels of the session. Crude and Treasury yields were also under pressure, while strength was seen in the US Dollar Index. The sell off in equities was broad based as all major sectors closed deep in the...
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May 18, 2022 Equities and Treasury yields rallied yesterday, while selling pressure was seen in the US Dollar Index and Crude. Strength in equities was led by Consumer Discretionary, Basic Materials, Technology, Financials and Industrials. A relative and absolute underperformance occurred in Consumer Staples. Negative developments occurred late last month in some of the...
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May 18, 2022 Overall composure is positive in Permian Basin Royalty Trust (PBT) as a primary uptrend is intact. The uptrend is defined by the bullish support line that began in October 2020, in the $10 area. The primary uptrend will remain intact while prices hold above this level. Over the past three months a...
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May 17, 2022 Equities moved lower yesterday, led by weakness in both the NASDAQ 100 (NDX) and NASDAQ Composite (COMPQ). The US Dollar Index and Treasury yields were also under pressure while strength was seen in precious metals and crude. Weakness in equities was led by Consumer Discretionary and Technology. A relative and absolute...
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