The US is now conducting over 700,000 tests per day. Based on the experience of other countries, the percent positive…
Continue ReadingOverbought Names Begin Potential Topping Process
I wrote this article for last Saturday’s ChartWatchers newsletter, focusing on the overbought conditions rampant in mega cap technology and…
Continue ReadingThis Thing Has 70% Upside Potential…
I got triggered to watch the chart printed above when I was scrolling through the pre-defined RRG groups. This is…
Continue ReadingDP Show: New BUY Signal for the SPY!
In this episode of DecisionPoint, Carl and Erin discuss their outlooks for the market based on new signals and divergences popping…
Continue ReadingHotels: Occupancy Rate Declined 38% Year-over-year
From HotelNewsNow.com: STR: US hotel results for week ending 11 July U.S. hotel performance data for the week ending 11…
Continue ReadingTrack Institutional Trading with New COT Indicator
The Commitments of Traders (COT) indicator recently added to NinjaTrader 8 displays institutional holdings in US futures markets directly on…
Continue ReadingNAHB: Builder Confidence Increased to 72 in July
The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 72, up from 58 in…
Continue ReadingRetail Sales increased 7.5% in June
On a monthly basis, retail sales increased 7.5 percent from May to June (seasonally adjusted), and sales were up 1.1…
Continue ReadingWeekly Initial Unemployment Claims decrease to 1,300,000
The DOL reported: In the week ending July 11, the advance figure for seasonally adjusted initial claims was 1,300,000, a…
Continue ReadingGranddad Russell 2000 Takes the Lead
Last week I did a piece called “Granny Retail Hangs Tough“. At the time, I noted “On the weekly chart,…
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