Published October 12, 2018
The past few days have seen the stock market fall back hard with the S&P 500 moving from new highs to piercing its 200-day moving average in a shocking 5-day torrent of selling. (more…)
Nasdaq 100
First Half 2018 Dominated by Tech
Published July 20, 2018
Through the first half of the year, only three sectors outperformed the broad market – technology, consumer, and energy. (more…)
The Nasdaq 100 (QQQ) Stands Alone
Published June 29, 2018
International and emerging market stocks have displayed disturbing action recently, failing to hold support, giving up a two-year rally, and accelerating a notable downtrend. The chart below highlights the crossover of the 50 and 200-day moving averages. We see on the left side of the chart the circle and line highlighting the prior crossover for emerging markets back in mid-2015. (more…)
Consumer stocks drive the market higher
Published June 15, 2018
Our favored Nasdaq 100 (QQQ) has been marching strongly upward, along with the small-cap Russell 2000, breaking to new highs and continuing to find buyers. Unlike 2017, however, this market strength is not so broad-based. International stocks have been flat, with the rising U.S. dollar keeping the pressure on those indexes.
An overview of economic and market pros and cons
Published June 7, 2018
The summer heat has arrived in force here in Austin over the past couple of weeks. Our focus Nasdaq 100 (QQQ) index has also been hot, emerging from a three-month market correction to break out to new highs recently. The commentary below from the team at Charles Schwab does a good job of outlining some of the major positives and negatives the market wrestles with these days. We hope you find it informative.
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Broad Stock Indexes Are Not yet Strong Enough to Push Higher
Published March 16, 2018
Last week we highlighted some of the sectors that were showing unusual strength in the market. We have pointed out how our favored Nasdaq 100 index (QQQ) has been leading the market. This week we will look at some of the other broad market indexes to give you a sense that this is still a market, broadly, that is digesting its low-volatility 2017 gains. (more…)
Where the Strength Is
Published March 9, 2018
While the stock market broadly continues to digest the solid gains of 2017 and investors ponder whether to add to those gains in 2018, we present some areas of the market where strength is being seen. (more…)
A New Bull Market
Published September 22, 2017
While many in the industry speculate on the coming end to a years-long bull market, there are others who argue that the bull market has just begun. How does this disagreement come about? (more…)
No Record Highs Here
Published August 25, 2017
Below from Delta is a good overview of the gap between different stock indexes and how large that gap has been this year. In reading this remember that small-cap value stocks are the best performing group over the history of the stock market. That this group is so substantially under-performing might mean something. (more…)
A Technical Reflection on the QQQ
Published June 16, 2017
This week, for the first time this year, the Nasdaq 100 (symbol: QQQ) said “hello!” to its 50-day moving average. The 50-day moving average is a very common reference point for investors and machines programmed to trade. In Chart 1 below, the 50-day moving average is the blue upward sloping line. (more…)
