The Mobile Payments ETF (IPAY) came to life in November with Square leading the chart. SQ, however, is not the chart leader. This post will identify three chart leaders and highlight three that look poised for new highs by yearend.
Black Friday weekend is here and the holiday shopping season is just getting started. While I have no clue which retailers will be the big winners or losers this season, the mobile payments industry is likely to be a big winner.
Several finance-related ETFs and stocks broke out with big moves from early October to early November. Many of these then stalled over the last two weeks and this rest could be the pause that refreshes. Today we will look at performance for the finance-related ETFs and the bull flags taking shape in three banking stocks
The S&P 500 SPDR and Nasdaq 100 ETF recorded new all time highs this past week, while the S&P MidCap 400 SPDR hit a new 52-week high in November. Sounds bullish, but the S&P SmallCap 600 SPDR and Russell 2000 ETF are still well below their 2018 highs, even though they are very close to 52-week highs. Which index ETFs tell the real story here?
The character of the stock market changed over the last six to seven weeks as the market took on a more offensive tone. Stocks were already in bull mode, but we are now seeing stocks outperforming bonds. In addition, momentum and offensive sectors are leading.
New highs expanded in the small-cap universe over the last few weeks and this indicates that the bull market is broadening. This post will first look at the high-low pairs for the S&P indexes and then apply a 20-day SMA to show the improvement in new highs over the last few weeks.
My assumptions and biases are based on the bigger trend because it is the dominant force at work. When the trend is up, I view the cup as half full and expect more bullish resolutions than bearish resolutions.
When looking at charts, it is important to focus on what IS, not what MIGHT be. Let’s try with SPY.
This weekly commentary, featuring the S&P 500, Index Breadth Model and Sector Breadth Model, is designed to deliver an unbiased view of the current stock market environment. Models, while not perfect, provide a clear process driven approach for evaluating the market. Focusing on present signals, instead of future possibilities, models reflect the current state of …
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