The key reports this week are June Housing Starts and Existing Home Sales. —– Monday, July 19th —–10:00 AM: The…
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Broader Markets are Looking Weary. Here’s How to Build Your Watch List
If you want to uncover the next big winning stock, now is the ideal time to be screening the markets.…
Continue ReadingWhat the Impending Correction May Look Like
As the S&P 500 and Nasdaq 100 indexes have pounded away at new all-time highs basically every month in 2021,…
Continue ReadingThe IYW Shines — See Why
The IYW is a US Technology ETF. Its three largest holdings are AAPL, MSFT and GOOGL. At its peak this…
Continue ReadingMarket Reckoning — Will Support Levels Hold?
Over the last week, we heard the chair of the Federal Reserve, Jerome Powell, address worries over the recent 5.4%…
Continue ReadingDownside Ahead for These Areas!
This week on StockCharts TV‘s The MEM Edge, Mary Ellen reviews weak areas of the market that appear poised to head lower.…
Continue ReadingParticipation Keeps Getting Worse
In spite of the market making new, all-time highs this week, participation continued to deteriorate. Our focus is usually on…
Continue ReadingCalifornia June Housing: Sales up 28% YoY, “Market momentum appears to be moderating”
The CAR reported: Despite a new record price, growth slowed and pending sales dipped for first time since May 2020,…
Continue ReadingQ2 GDP Forecasts: Forecasts Down to around 8%
From BofA: [lowered] 2Q GDP growth of 8.5% qoq saar. [July 15 estimate]emphasis added From Goldman Sachs: We lowered our Q2…
Continue ReadingDebt Payments Have Collapsed
Houses have never been more or less affordable, depending on who you ask. On the one hand, we can point…
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