Monday’s follow-through is carrying US benchmark indices up to near initial resistanceFinancials look to be stabilizing and Monday brought about breakouts by JPM, BAC, CTreasury yields still haven’t broken down; A minor push back to new highs is possible https://youtu. be/sW_GC7DKaGo The US equity market...

Financials bottoming and look to be another tailwind
  • Daily Technical Strategy
Mon March 7, 2022

Breakdown in Semis, Financials, Retailing a temporary negative to stabilization efforts

The selloff took a turn for the worse with Monday’s breakdown to new multi-day lows for SPX, DJIA and QQQ.   Nine of 11 major S&P Sectors fell more than 1% on the day, while four sectors, Financials, Industrials, Discretionary, and Technology dropped more than 3%.  While the trend over the...

  • Daily Technical Strategy
Fri March 4, 2022

Precious Metals start to shine, while Financials lie at key levels

This past week’s decline marks the sixth straight week of weakness out of the last nine weeks.  However, as has been discussed, price action has actually held up remarkably well compared to how some feel it “should” be trading given the ever-evolving negative news flow.   Unfortunately, it will be difficult...

  • Daily Technical Strategy
Mon October 11, 2021

Energy, Financials still working well- Telecom, Utilities definitely not

Technical Strategy Video (Recorded Monday, October 11th): https://vimeo. com/629535141/8f58602ec5 Early Strength looks to have failed for US indices, and trends & momentum remain negative short-term for US Equity indices. SPX requires a move back over 4430 (SPX) but ideally 4465 to expect this weakness is complete. Downside target is...

  • First Word
Tue August 10, 2021

Delta wave might be the 'final wave' in 2021. Upgrading Financials from N to OW

Basically, Dr. Gottlieb is saying the current Delta variant is likely the last major wave of cases in 2021. This is different than what we saw in 2020, where the Northeast surge started in the Fall. And the plurality of our clients are also suggesting that they expect a renewed...

  • First Word
Fri June 11, 2021

Course correcting Epicenter --> downgrade Financials to N from OW, upgrade FANG from UW to OW

The news on COVID-19 remains mostly positive and in part, due to the effectiveness of vaccines.  And so far, even the more transmissible variants can be stopped/slowed by vaccines.  And thus, watching case trends in developed nations, which have far higher vaccine penetration, is a place to watch for trouble: -...

  • Signal From Noise
Wed May 27, 2020

Why JPMorgan Chase Shares Belong in Portfolios Post-COVID-19

I’ve noted in previous pieces that among investors the financials still rank low in the rally since March 23. Since then, the financials are up 30%, good for number nine among the eleven Standard & Poor’s 500 index sectors.  FSInsight, Bloomberg I’d like to give you our view on the...

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