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

The Scorecard has us at market bullish, and I’ll take it. What I want to point out is where the strength is coming from: energy, financials, healthcare, biotech, materials and industrials. Big tech and the big chips are along for … Read more