The market continues to struggle here. What was working a month ago is struggling to hold the gains. However, the Nasdaq is still unable to rally to new highs too. Greg explores how some of the breadth indicators are telling us to be careful, and others have yet to break down. It’s a very tricky market, some of these charts will help guide you forward.
One of the more interesting shifts has been the sector roll into the post pandemic recovery stocks. Housing has been all the rage, so is this a roll out of industry or a roll into? Looking through the list of charts, you’ll get the feel for what is happening, and help you stay focused on the areas that are working within this ‘home’ edition!
Greg goes through the Dow 30, that houses some of the hottest areas of the market right now. Energy and financials. If so, how do the rest of the stocks in the list look? Find out the answer in this week’s Market Buzz.
Greg shows his analysis of the market through a different lens. Using the StockCharts scanning engine, Greg created his Schnell Strength Index. This index is designed to help us understand when the market is getting weak. It is also designed to help us get back into the market near the lows. If all of a sudden, your account has been driven over by plummeting prices in the high-profile names, Greg illustrates how the macro picture changes before these events start to happen.