Is the SPY giving us some clues?

Stocks have had some wild swings lately and many are powering higher despite the overall chop. The SPY does give pause with the current pattern in place. It looks like it is consolidating below the 50 day moving average. Normally, it’s nice to see a consolidation happening above that line. It doesn’t mean we can’t go higher, but that lower trendline is something to watch on the bear side.…

Stock Market Results for Friday September 23rd, 2016 – $TWTR $ENDP $JDST $SC $DWTI $DUST $GPRO $TCK $PTCT $LN

All of the market indices closed down for the day however there was still constructive action in individual names. Stocks don’t go straight up, nor do they go straight down. Today could be considered a healthy digestion of gains from the recent bullish activity this week. One big surprise was the action in Twitter which surged more than 20 percent higher on the day thanks to buyout speculation.…

Stock Market Update for Thursday September 22nd, 2016 – $SCS $VIPS $SRPT $SEAS $CLVS $GPRO $LL $MTCH $WY $PAGP

Stocks blasted higher as expected after the no hike decision from yesterday. Small and mid cap stocks had a great day, along with technology. I wouldn’t be surprised to see some digestion and consolidation on many stocks after this yuge run up. The proof is in the pudding, or rather the charts.…

Stock Market Analysis for Wednesday September 21st, 2016 – $JNUG $NUGT $CRC $PVG $AU $UWTI $USLV $RGLD $AG $LL

The markets found their fuel today with the Fed indicating there would be no rate hike. With that, rate sensitive issues took off higher with GLD NUGT JNUG and USLV sprinting upwards. Even the index charts have shaped up a bit, along with the MarketCast indicator hitting a bullish 79% reading.…

Stock Market Analysis for Tuesday September 20th, 2016 – $SRPT $MCRB $AERI $CLVS $UGAZ $IONS $LABU $ARIA $SCTY $NAV

Biotechs and Natural Gas were all you needed to know about today as they seemed to be the winners. Thankfully, we’ve been stalking these groups so we were able to realize some gains. The overall market seems to be on pause until the Fed talks about interest rates on Wednesday. Expect a dull start and a wild finish on Wednesday.…

Stock Market Review for Monday September 19th, 2016 – $SRPT $PTCT $AVT $LABU $BRS $USLV $X $PTHN $SEDG $EXAS

Stocks had a great opening but sold down a bit into the end of the day. Technology, Basic Materials, Application Software, and Biotech were all good sectors today. For the stocks and etf’s that we watch, LABU got the most benefit today. Let’s take a look at the Industries, Sectors, News, and Stock Charts that matter for Monday September 19th, 2016.…

Stock Market Update for Friday September 16th, 2016 – $CVRR $CYH $DEPO $HALO $CAR $HOME $ACIA $CC $JDST $YRD

Stock Market Indices had a mostly red day, while some sectors continued to power higher. The DJU Dow Jones Utility Average Index managed to eek out a green day at a .85% gain. Biotech, Healthcare, Technology, and Oil Refining were the winning groups this Friday. Gold and Oil both continued lower in what look like short term downtrends.…

Do not own SGY here

We mentioned yesterday the potential for SGY to make a big move. It is important to recognize, that does not mean to own it now. As of this chart, it shows no indication of going higher. In fact if the lower trend line breaks – it could go down quickly and violently.…

Stock Market Report for Thursday September 15th, 2016 – $BLUE $WATT $FIT $GPRO $CRUS $NOW $REN $EDU $SWKS $ARIA

GREEN. The stock markets produced a beautiful shade of green today. Stocks were led by semiconductors and technology, which is quite bullish. Today’s bullish action brought the MarketCast score all the way up to 60% bullish. In addition to technology and basic materials, biotechs and refining stocks were doing quite well.…