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.…
Continue ReadingAt the Edge of Chaos: Bull Run Likely to Continue as Fed Has No Choice Except for Another Round of QE
The bulls lived to fight another day last week, as the potential sell signal from Duarte’s 50-50 Rule did not…
Continue ReadingJuly 5 COVID-19 Test Results
The US is now conducting over 600,000 tests per day, and that might be enough to allow test-and-trace in some…
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