Tue June 6, 2023

Biotechnology starting to lead within Healthcare

TREND BULLISH - EXPECT RALLY UP TO SPX 4325 BEFORE POSSIBLE MINOR STALLOUT;  PULLBACKS SHOULD BE BUYABLE WHEN THEY OCCUR FOR ADDITIONAL STRENGTH IN JUNE. A continued broadening out in...

Wed April 5, 2023

Defensive trading dominates as Pharma, & Utilities break out

Similar to Tuesday’s mild “down day,” Wednesday’s pullback failed to show sufficient deterioration to expect much follow-through just yet. The key driver of this rally, Technology, has not given much...

Tue March 21, 2023

Healthcare should start to “kick into gear”

SPX rally has successfully regained 4000 at a time when bearish sentiment indicators suggested few thought such a feat might be possible.  Technology’s comeback has been joined by a welcome...

Mon March 13, 2023

Healthcare springs to life as Financials nose-dive

The SPX’s near-term decline is ongoing, regardless of some brief stabilization attempts on Monday.  While US indices are now in the window for a possible change of trend, more upside...

Tue January 31, 2023

Healthcare should soon hit support and reverse in February

January’s strong gains suggest that the bullish Pre-election year seasonality trends likely outweigh the bearish forecasts about how dismal earnings should be, and the NASDAQ managed to log its best...

Thu December 22, 2022

Happy Holidays !!  Homebuilders and Pharma stocks favored

Happy Holidays. Hope your holiday season proves safe, happy and healthy.  I will be taking the final week off to spend with my family during the holidays. There won’t be...

Mon September 19, 2022

Tough to trust SPX bounce with $TNX making new 2022 highs

Ahead of this week’s Fed meeting, Monday’s minor relief rally took prices right back to areas of September’s breakdown, which at $SPY-389 is thought to be quite important resistance.  Given...

Tue August 23, 2022

Energy stocks have diverged sharply from WTI Crude

The selloff which began last Tuesday does not yet look complete, but I’m expecting this will be finished by this Friday into Powell’s Jackson Hole speech.  Given the extent of...

Thu August 4, 2022

Healthcare Showing Promise: Why We’re Bullish

Healthcare conversations over the past two years have centered almost exclusively on COVID-19, vaccinations, and therapeutics. Yet the dynamic sector offers much more to dissect as we emerge from the...

Mon June 27, 2022

Healthcare starting to kick into gear- What to Favor

HEALTHCARE LOOKS QUITE BULLISH HEADING INTO THE END OF Q2 Healthcare has started to kick into gear as Q2 is coming to a close.  $XLV, the SPDR Healthcare Select Sector...

Fri May 20, 2022

Short-Term Rally Possible as SPX Reversed at Base Case ‘22 Target

Friday’s decline has achieved my Base case 2022 technical target and Friday’s reversal gives hopes for a short-term rally getting underwayVery good price action in Equal-weighted Healthcare and Technology this...