The S&P 500 index has remained in consolidation mode, spending the shortened holiday week in a rally back to the…
Continue ReadingJuly 6 COVID-19 Test Results
Note: There might be some missing or late reporting today due to the holiday weekend. The US is now conducting…
Continue ReadingRandom Thoughts on the New Bullish Market Calls
While there was a big boost from NASDAQ on Monday, the “inside” sectors are not yet believing that the tech…
Continue ReadingAAR: June Rail Carloads down 22.4% YoY, Intermodal Down 6.6% YoY
From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. U.S. rail volumes in…
Continue ReadingBy Request: Percent Permanent Job Losers by Recession
The second graph is the so-called “scariest job chart” ever. That graph shows the percent job losses for all recessions…
Continue ReadingBlack Knight Mortgage Monitor for May, Cash-Out Refinance Activity Declined
Black Knight released their Mortgage Monitor report for May today. According to Black Knight, 7.76% of mortgages were delinquent in…
Continue ReadingThis Relative Strength Configuration In An Industry Group Tells Us Everything We Need To Know
I’m constantly discussing relative strength, and I don’t just discuss it with respect to individual stocks. I want to know…
Continue ReadingISM Non-Manufacturing Index increased to 57.1% in June
The June ISM Non-manufacturing index was at 57.1%, up from 45.4% in May. The employment index increased to 43.1%, from…
Continue ReadingThe Materials Sector (XLB) Is Lining Up For a Good Week!
I hope all of you had a great (long) 4th of July weekend. At the end of the short trading…
Continue ReadingProbable Breakout From A Bollinger Band Squeeze
SRF Ltd – SRF.IN For over several weeks, the stock has moved in a capped range which was getting narrower.…
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