Message Sent

Thanks! We will respond as soon as possible.

-Current Analysis

Breadth Improves as SPY Falls – Yield Spreads Remain Narrow – 10yr Trends Higher

SPY and QQQ fell sharply in June as tech and AI names led a market pullback. Breadth, however, improved as the percentage of stocks above their 200-day SMA increased. Over 60% of S&P 500 and S&P 1500 stocks are above their 200-day SMAs, which is the highest level since mid April. New highs also expanded. This means money is moving out of tech and into other areas of the market, which benefits small-caps and mid-caps.

Read More »
-Current Analysis

Breakouts in Finance, Brokers, Banks, Defense – Setups in Biotech and Med Devices

There are signs of money is moving into groups related to the finance and healthcare sectors. The Finance SPDR, Broker-Dealer ETF and Bank ETFs are breaking out with strong moves the last five days. Within healthcare, the biotech ETFs are setting up with bullish consolidation patterns. Even the lowly Medical Devices ETF is perking up with a double bottom and an bullish Aroon cross. $XLF, $IAI, $KRE, $KBE, $ITA, $IHI, $XBI, $IBB

Read More »
Scroll to Top