Tag Archives for " XHB "

No September Weakness | Stock Market Update

September has historically been a very weak month for the stock market, but there was no September weakness this year.  The stock market is extended. Can it keep trending up? Yes.  Can it turn south in a New York minute? Yes.

Today’s video focuses on the S&P 500 (SPX), looking at the daily, weekly and monthly charts. I also look at the VIX, the Homebuilders ETF (XHB), the Emerging Markets ETF (EEM) and finally Gold ETF (GLD). Gold put in a very interesting pattern for September.   Continue reading

Trump Uncertainty Disappears in a Matter of Hours…

or so the stock market might have you believe. All we heard ahead of the election was how a Trump victory would create nothing but uncertainty for the market.

As results poured in Tuesday night and it became more and more clear that Trump was going to win, the markets went into a tailspin. Eventually the futures went limit down and could not trade lower for the rest of the overnight session.

That caused selling to abate and buying to come in and the market began to bounce. And then Trump claimed victory. He gave a very nice acceptance speech.  He talked about all the rebuilding that’s going to get done…pulling the country together…and the buying continued.

By the time the market opened at 9:30am ET, the market was back to about even and then rallied all day, with the DJIA up about 257 points. So it took just a few hours and all that uncertainty went out the window. Really? Continue reading

Final Death Throes | Stock Market Update

This brief video is a very small segment of what my Insider Members get daily and weekly.  In this stock market update I review the S&P 500 (SPX) on a daily, weekly and monthly basis. I also look at the semiconductors, homebuilders and high yield bond fund.  

As I state in the video, my wave counts are close to completion and why I believe the stock market is in the final death throes of this bull market. Continue reading