The market action in this week fared precisely on the anticipated lines. In the previous weekly outlook, we had mentioned…
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Schedule for Week of October 18, 2020
The key economic reports this week are September Housing Starts and Existing Home sales. —– Monday, October 19th —–8:00 AM:…
Continue ReadingDon’t Look Now, But We’re Seeing a New Leading Industry Group Emerging
Those who follow me know that I’m constantly monitoring the current leaders and watching for new leadership. It’s one piece…
Continue ReadingSacramento Housing in September: Sales increase 22% YoY, Active Inventory down 49% YoY
Note that September sales are for contracts typically signed in July and August. From SacRealtor.org: September 2020 Statistics – Sacramento…
Continue ReadingWow, Is Tesla in Trouble?
Tesla marked down the selling price of the Model 3 twice this week! In a humorous twist, $69,420 shows up…
Continue ReadingAre Market Participants Really Bearish Right Now? Nope
I have heard rumblings of market participants beginning to “feel” bearish about the market as it pulled back this past…
Continue ReadingHealthcare Providers Lead XLV Higher
Healthcare stocks are leading the market higher for a change. The daily bars in Chart 1 show the Health Care SPDR…
Continue ReadingWho Rocks? The Economic Modern Family – That’s Who!
In spite of no passing stimulus, mixed economic data, rising COVID cases and a wild pre-election season, for the first…
Continue ReadingWhere is Current Market Leadership?
Strength abounds! In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews where the strength is in the markets and…
Continue ReadingOctober 16 COVID-19 Test Results
The US is now mostly reporting 700 thousand to 1 million tests per day. Based on the experience of other…
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