Fades and Breakdowns Contradict The Calm of the S&P 500 – Above the 40 (May 7, 2021)

Stock Market Commentary The stock market is a cauldron of contradictions and divergences. Breakdowns below key support levels abound. Stocks suffer post-earnings fades even after companies report strong results, especially in both beaten up growth stocks and resilient big cap tech. Yet, the S&P 500 just rises above the steady erosion of market breadth with … Read more

General Electric Edition: Do Not Argue With Sellers – Celebrate With Buyers

General Electric (GE) dropped 4.0% for a fourth straight day of high volume selling. At $11.27/share GE sits at a stomach-churning 9-year low. Source: TradingView GE’s early June expulsion from the Dow Jones Industrial Index seemed like such natural ignition for a bottom that even CNBC’s Jim Cramer got off the fence to declare the … Read more

A Low Risk Way to Play Cramer’s Call for A Bottom In General Electric

General Electric (GE) has become THE disaster and rescue story in the U.S. stock market this year. Since it’s near-death experience in the financial crisis, GE ground out a slow but steady recovery before peaking in the summer of 2016 in the middle of a head and shoulders topping formation. That top fell well short … Read more

Lost in the Fire and Fury – Promising Earnings from ShotSpotter

As North Korean President Kim Jung Un and U.S. President Donald Trump shot barbs and threats at each other – threats which included Trump’s promises of fire and fury and perhaps more – ShotSpotter (SSTI), a gunfire detection and location technology company, reported earnings. I think the promising results were lost in the crossfire and … Read more

T2108 Update (April 17, 2015) – Another Close Call With Overbought Amid More Chop

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more