Going into the Fed, the honest read is that the short term does not look good. The long view is still bullish and that is the one thing the bulls have going for them right now, though it does not … Read more

Leadership has been narrowing for weeks, and the indices are hiding it well. Underneath the surface a small group of names is carrying the entire tape, equal weight has been rolling over the whole time, and this morning the /NQ … Read more

Back from the long weekend, and the theme has not changed: leadership is narrowing. Big tech and energy still rank at the top of the Big 3 Scorecard, financials took the hardest hit today, and biotech and healthcare are not … Read more

September opened with the Scorecard at market neutral, so I am cutting my size in half and leaning short term. Healthcare, biotech and utilities held up today. Technology, the chips and communications did not. Short term I have to respect … Read more

The market closed Tuesday still stuck in neutral bullish territory. The indices sit at 58%, the sectors at 54, and the Big 10 basket all the way down at 12, and that spread is the single biggest issue on the … Read more

There is a lot to like about this market and one thing that keeps me from getting aggressive. Biotech, healthcare, $XLP, energy and $ARKK are all in great shape. Unfortunately, none of them move the needle much in the $SPY … Read more