DBX

A Red Flag Pullback from the Edge of A Fresh Breakout – The Market Breadth

A Red Flag Pullback from the Edge of A Fresh Breakout – The Market Breadth (Credit: Alexey Ivanov, https://www.flickr.com/photos/39824826@N08/9705943143)

Stock Market Commentary The stock market looked ready to follow through on leaving its troubles behind. The S&P 500 even made a new all-time high. Everything seemed to fall apart on Friday. The final release of consumer expectations as measured by the University Michigan confirmed earlier preliminary numbers: inflation expectations soared and consumer sentiment tanked. … Read more

Above the 40 (July 6, 2018) – Bears Overstay Their Welcome

AT40 = 60.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.8% of stocks are trading above their respective 200DMAs VIX = 13.4 Short-term Trading Call: neutral Commentary Until Friday’s 0.8% gain on the S&P 500 (SPY) in the wake of another strong jobs report, I was still expecting the … Read more