This market is not balanced and the Scorecard says so plainly. Equal weight $RSP reads negative 9 while $SPY sits at a positive 92, $IWM is at negative 2 and the Dow is at negative 9. Sector rankings collectively come … Read more

Energy is the one group that has held up while everything else softened, and it’s the place where I’ve put new money to work this month. On Tuesday I opened an October at the money call on $XOM in the … Read more

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