Tech and Chips Keep Leading - It’s “BTFD” Time
The powerful “Great Tech Reset” continues to unfold in this market. I’m convinced; semiconductors and various key tech tickers keep breaking out of beautiful bases only to hit new highs. Broadcom (AVGO) hit our upside target, $3.4 trillion juggernaut Nvidia (NVDA) is knocking on the door of new highs, and even Microsoft (MSFT) and Netflix…
Gold’s Warning Sign Is Back… And Flashing
It was just two weeks ago that the markets’ bullish fervor came into question. The May 15, 2025 trading session saw gold (again) lead the S&P 500 in the performance stakes - in a big way. At that point, it was an indication that the rally was about to run out of gas. Today we’re…
Markets Live or Die by the Tweet Right Now
We’re diving headfirst into another wild end to a holiday-shortened trading week. I’ve been pounding the table on this for days… and days now: This marketplace is no longer trading on fundamentals, it's trading on headlines. And not just any headlines - Tweets, posts, whatever we’re calling them now on “X.” This week we got…
Tariffs Are on Pause, Bonds and Tech Are in Play
The markets - and the emerging “TACO trade - were jolted by headlines again. This time, the usually-obscure US Court of International Trade called a halt to many of Trump’s tariffs. Stocks surged on the news… then dropped to give back the gains… and then began to fight back into the green for the day.…
Sentiment Enters the “Squishy Middle” - Here’s What to Do
You thought you had it all under control on the bullish end yesterday… Traders bought the dip; everything was going according to plan. Suddenly it’s today - and just as suddenly… you’re not so sure. Welcome to the squishy middle of market sentiment! “The squishy middle?” you ask. Well, it means the market isn’t quite…
Don’t Trust the Rally: Why Tech’s Real and Discretionary’s a Mirage
Today’s price action looks bullish on the surface - consumer discretionary and tech are both up big. But don’t take that at face value. That’s because I think today’s rally may be more illusion than confirmation. Like I said, consumer discretionaries, (as tracked by XLY) are ripping, but take a closer look and you find…
Why Bears Are Making a Comeback
I’ll say it again, right away: The bears are making a comeback. The market hasn’t collapsed, not at all, but risk has most definitely broken the surface and shaken any kind of bull case you can think of. The SPX expected move is… jumping, to put it politely; 96.83 this week out to 126.57 next…
Let’s Tap the Momentum in Industrials and the Value in Utilities
Today, we’re digging into two themes in two key sectors: the continued strength in industrials and an early-stage setup in utilities that’s just too compelling to ignore. Industrials are building on bullish momentum, supported by surprisingly strong U.S. manufacturing and services PMI numbers. That strength is showing up in names like Caterpillar and Honeywell, each…
Bond Carnage Sparks Market Mayhem
We’ve got ourselves a little bit of market mayhem brewing… and it’s not coming from where most people are looking. Everyone’s eyes are glued to the S&Ps, but it’s actually the bond market that’s lighting the match. Yields are spiking, auctions are flopping (I mean, the most recent Treasury auction was terrible), and that is…
Forget Nursery Rhymes - Buy in May… And Stay
We’re getting ready to close the book on two straight sessions of (slight) declines on the indexes as the odds rise that the bulls will take a breather. And yet, overall, bullish signals keep flashing and volatility is relatively subdued, especially in comparison to where we were a few weeks ago. If a US debt…