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CONSUMER DISRETIONARY SPDR IS YEAR'S STRONGEST SECTOR -- BUT IT MAY BE OVERSTATING SECTOR'S STRENGTH -- ITS EQUAL WEIGHTED ETF IS LAGGING THE XLY BY AN USUALLY WIDE GAP OF 11% -- OUTSIZED...

CONSUMER DISRETIONARY SPDR IS YEAR'S STRONGEST SECTOR -- BUT IT MAY BE OVERSTATING SECTOR'S STRENGTH -- ITS EQUAL WEIGHTED ETF IS LAGGING THE XLY BY AN USUALLY WIDE GAP OF 11% -- OUTSIZED GAINS IN AMAZON AND NETFLIX MAY EXAGGERATING ITS 2018 PERFORMANCE

CONSUMER DISCRETIONARY SPDR IS YEAR'S STRONGEST SECTOR ... Chart 1 shows the Consumer Discretionary SPDR (XLY) trading near a new record. Its 2018 gain of 18% makes it the year's strongest sector. That puts the XLY ahead of technology (16%) and healthcare (12%) for the year. In...   READ MORE 

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TWITTER LEADS TECH STOCKS LOWER -- DEFENSIVE CONSUMER STAPLES, UTILITIES, AND REITS CONTINUE TO ATTRACT NEW MONEY -- NETFLIX WEIGHS ON CONSUMER DISCRETIONARY STOCKS -- AMAZON IS A QUARTER...

TWITTER LEADS TECH STOCKS LOWER -- DEFENSIVE CONSUMER STAPLES, UTILITIES, AND REITS CONTINUE TO ATTRACT NEW MONEY -- NETFLIX WEIGHS ON CONSUMER DISCRETIONARY STOCKS -- AMAZON IS A QUARTER OF THE XLY AND MAY BE OVERSTATING THIS YEAR'S CYCLICAL LEADERSHIP

OVERBOUGHT TECH SECTOR SEES SOME PROFIT-TAKING ... Chart 1 shows the Technology Sector SPDR (XLK) losing more than 1% today to lead the market lower. Its 9-day RSI line (top chart) had reached overbought territory above 70 suggesting that the XLK was due for a pullback. It's now testing...   READ MORE 

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September 2018 Market Roundup With Martin Pring

The MarketRoundup Video For September is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion ofPring Turner Capital Groupof Walnut Creek or its affiliates....   READ MORE 

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US Stocks Take On Global Equities, Gold, Commodities And Bonds

US Stocks Take On Global Equities, Gold, Commodities And Bonds

* US Equities versus the world * Stocks versus Commodities * Stocks and bonds * Stocks compared to gold There are lots of seasonal reasons to be bearish on the stock market, such as September being the weakest month and mid-term election years having a downward bias. However, if you compare the S&...   READ MORE 

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U.S. STOCKS HAVE A STRONG AUGUST -- TECHNOLOGY, CONSUMER CYCLICALS, AND HEALTHCARE ARE SECTOR LEADERS -- U.S. STOCK UPTREND IS STRETCHED BUT STILL INTACT -- MEXICAN PESO STEADIES ON TRADE...

U.S. STOCKS HAVE A STRONG AUGUST -- TECHNOLOGY, CONSUMER CYCLICALS, AND HEALTHCARE ARE SECTOR LEADERS -- U.S. STOCK UPTREND IS STRETCHED BUT STILL INTACT -- MEXICAN PESO STEADIES ON TRADE DEAL -- CANADIAN DOLLAR DROPS ON FRIDAY'S LACK OF AGREEMENT

STOCKS HAVE A STRONG AUGUST ... U.S. stocks had a strong August with the Nasdaq, S&P 500, Russell 2000, and Dow Transports hitting record highs. Technology, Consumer Cyclicals, and Healthcare saw the biggest percentage gains and hit record highs. The three weakest sectors were Energy, Materials, and Industrials....   READ MORE 

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LATE AUGUST REBOUND IN FOREIGN STOCKS HELPED PUSH U.S. STOCKS TO NEW RECORD -- AND CONTRIBUTED TO UPSIDE BREAKOUTS IN GLOBAL STOCK INDEXES -- THE DOW INDUSTRIALS ARE HEADED TOWARD THEIR JA...

LATE AUGUST REBOUND IN FOREIGN STOCKS HELPED PUSH U.S. STOCKS TO NEW RECORD -- AND CONTRIBUTED TO UPSIDE BREAKOUTS IN GLOBAL STOCK INDEXES -- THE DOW INDUSTRIALS ARE HEADED TOWARD THEIR JANUARY PEAK -- THE DOW TRANSPORTS HIT A NEW RECORD

FOREIGN STOCK ETFS ARE FINALLY BOUNCING ... Before leaving on vacation on August 15, I expressed concern about the fact that foreign stock ETFs were lagging too far behind the U.S. which could threaten the uptrend in the S&P 500 which was nearing a test of its January...   READ MORE 

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Bond Yields Reach A Critical Support Zone

Bond Yields Reach A Critical Support Zone

* The longer-term picture argues for lower yields * Deflationary forces gain the upper hand * Bond yields at crucial short-term support * UK Yields in a life or death struggle The longer-term picture argues for lower yields Earlier in the month I wrote an article pointing out that many bond yields had reached...   READ MORE 

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STOCKS IN STRONG REBOUND AFTER SURVIVING TEST OF 50-DAY AVERAGES YESTERDAY -- ALL SECTORS ARE IN THE BLACK -- A REBOUND IN FOREIGN MARKETS IS ALSO HELPING -- NEWS OF CHINA NEGOTIATIONS MAY...

STOCKS IN STRONG REBOUND AFTER SURVIVING TEST OF 50-DAY AVERAGES YESTERDAY -- ALL SECTORS ARE IN THE BLACK -- A REBOUND IN FOREIGN MARKETS IS ALSO HELPING -- NEWS OF CHINA NEGOTIATIONS MAY ALSO BE SUPPORTING THE STOCK UPTURN

MAJOR STOCK AVERAGES REBOUND SHARPLY... U.S. stock indexes are having an unusually strong day. Chart 1 shows the Dow Jones Industrial Average climbing more than 400 points (1.6%) in afternoon trading. The Dow tested its 50-day average yesterday and held. Chart 2 shows the S&P 500...   READ MORE 

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More Evidence Of A Commodity Bear Market

More Evidence Of A Commodity Bear Market

* Commodities starting to generate some long-term sell signals * Internals and commodity   intermarket relationships are deteriorating * Energy has been lagging on the downside but may be ready to play catch up Earlier in the summer I wrote a couple of articles on copper and oil suggesting some short-term vulnerability, but concluding...   READ MORE 

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FOREIGN STOCKS LEAD U.S. LOWER -- EMERGING MARKETS AND EAFE ISHARES FALL TO LOWEST LEVEL IN A YEAR -- STRONGER DOLLAR AND WEAKNESS IN CHINA PUSH METALS LOWER AND STOCKS TIED TO THEM -- ENE...

FOREIGN STOCKS LEAD U.S. LOWER -- EMERGING MARKETS AND EAFE ISHARES FALL TO LOWEST LEVEL IN A YEAR -- STRONGER DOLLAR AND WEAKNESS IN CHINA PUSH METALS LOWER AND STOCKS TIED TO THEM -- ENERGY STOCKS ARE ALSO WEAKENING WITH OIL

FOREIGN STOCK ETFS FALL TO NEW LOWS... Last Thursday's message expressed concern that weakness in foreign stocks could start to weigh on U.S. stocks, especially with the S&P 500 testing major resistance at its January high. That dangerous situation has taken a turn for the...   READ MORE 

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Getting Through The Old Highs Could Be A Challenge

Getting Through The Old Highs Could Be A Challenge

* Last week's test of the highs leaves a lot to be desired * Breadth and momentum indicators fail to confirm * Some international charts not looking so good Last week's test of the highs leaves a lot to be desired If the charts in this article look a...   READ MORE 

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U.S. STOCKS MAY BE GETTING TOO FAR AHEAD OF THE REST OF THE WORLD -- U.S. STOCKS USUALLY DO BETTER WHEN FOREIGN STOCKS ARE ALSO RISING -- U.S. STOCK RECORDS IN 2012 AND 2016 WERE SUPPORTED...

U.S. STOCKS MAY BE GETTING TOO FAR AHEAD OF THE REST OF THE WORLD -- U.S. STOCKS USUALLY DO BETTER WHEN FOREIGN STOCKS ARE ALSO RISING -- U.S. STOCK RECORDS IN 2012 AND 2016 WERE SUPPORTED BY RISING FOREIGN SHARES

S&P 500 IS TESTING ITS JANUARY HIGH ... The black bars in Chart 1 show the S&P 500 nearing a test of its January high. That's an important test for it and the rest of the market. A test of a previous high is very...   READ MORE 

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LONG-RANGE DOLLAR UPTREND REMAINS INTACT -- LATE CYCLE COMMODITY UPTURN IS UNLIKELY WITH A RISING DOLLAR -- STRONG DOLLAR FAVORS U.S. OVER FOREIGN STOCKS -- ESPECIALLY EMERGING MARKETS

LONG-RANGE DOLLAR UPTREND REMAINS INTACT -- LATE CYCLE COMMODITY UPTURN IS UNLIKELY WITH A RISING DOLLAR -- STRONG DOLLAR FAVORS U.S. OVER FOREIGN STOCKS -- ESPECIALLY EMERGING MARKETS

LONG-TERM TREND OF THE DOLLAR IS STILL UP... The direction of the U.S. dollar is important because it influences (or is influenced by) by a lot of other markets. That includes commodities, global interest rates, and global stocks. Dollar direction also influences the relative performance of small cap stocks...   READ MORE 

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FINANCIAL SPDR ACHIEVES BULLISH BREAKOUT -- INDUSTRIAL SPDR MAY BE NEXT -- MATERIALS SPDR REGAINS MOVING AVERAGE LINES -- THE DOW INDUSTRIALS AND TRANSPORTS ARE BREAKING OUT TOGETHER -- TH...

FINANCIAL SPDR ACHIEVES BULLISH BREAKOUT -- INDUSTRIAL SPDR MAY BE NEXT -- MATERIALS SPDR REGAINS MOVING AVERAGE LINES -- THE DOW INDUSTRIALS AND TRANSPORTS ARE BREAKING OUT TOGETHER -- THE S&P 500 NEARS TEST OF JANUARY HIGH

FINANCIALS SPDR BREAKS OUT ... Global stocks are having a strong day. Rebounds in foreign developed and emerging markets set the tone for higher trading in the states. All major U.S. indexes are in the black, as are most stock sectors. The strongest sectors are energy, financials, industrials, and materials....   READ MORE 

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Are We Seeing The Early Sign Of A Change In Market Leadership?

Are We Seeing The Early Sign Of A Change In Market Leadership?

* The Inflation/Deflation ratio * Lagging sectors * Defensive sectors The Inflation/Deflation ratio Last week I charted my Inflation/deflation ratio for the first time in a while and was surprised to see that it had broken to the downside. For those unfamiliar with the concept, the Inflation Ratio (!PRII) consists...   READ MORE 

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DEFENSIVE STOCKS ARE LEADING THE MARKET HIGHER -- CONSUMER STAPLES SPDR TURNS UP AND SHOWS MARKET LEADERSHIP -- SO DO UTILITIES AND REITS -- PHARMA IS LEADING HEALTHCARE SECTOR HIGHER -- A...

DEFENSIVE STOCKS ARE LEADING THE MARKET HIGHER -- CONSUMER STAPLES SPDR TURNS UP AND SHOWS MARKET LEADERSHIP -- SO DO UTILITIES AND REITS -- PHARMA IS LEADING HEALTHCARE SECTOR HIGHER -- ALL OF WHICH SUGGESTS INVESTORS MAY BE TURNING MORE DEFENSIVE

CONSUMER STAPLES TURN UP... Although the stock market continued to climb this week, it's a little surprising to see defensive stocks leading it higher. The four strongest sectors this past week were REITs (+3.3%), healthcare (+2.1%), consumer staples (+1.7%), and utilities (+1.2%). All did...   READ MORE 

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Bond Yields Hit Mega Resistance. Will They Go Through?

Bond Yields Hit Mega Resistance. Will They Go Through?

* 3- and 10-year series challenging their secular down trendlines * Three indicators that suggest lower bond yields * The Crunch Chart 3- and 10-year series challenging their secular down trend lines US government bond yields have reached very important resistance, at a time when they are overextended on a long-term momentum basis....   READ MORE 

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SELLING IN CHINA UNSETTLES GLOBAL STOCKS THIS MORNING ON TARIFF THREATS -- BUT US STOCK INDEXES ARE RECOVERING FROM EARLY SELLING -- MATERIAL STOCKS ARE DAY'S WEAKEST SECTOR -- TECHNOLOGY...

SELLING IN CHINA UNSETTLES GLOBAL STOCKS THIS MORNING ON TARIFF THREATS -- BUT US STOCK INDEXES ARE RECOVERING FROM EARLY SELLING -- MATERIAL STOCKS ARE DAY'S WEAKEST SECTOR -- TECHNOLOGY SPDR AND QQQ BOUNCE OFF 50-DAY LINES TO LEAD MARKET RECOVERY

TARIFF THREATS PUSH CHINESE MARKETS LOWER ... Threats of higher tariffs on Chinese imports, combined with Chinese threats of retaliation, put international markets on the defensive today. It started in Asia, spread to Europe, and caused a lower stock opening here. China took the biggest hit. The red line in Chart...   READ MORE 

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August Market Round Up With Martin Pring Video 2018-08-01

This month, the Market Roundup carries a lot of information about how acute the current market position is in globally. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring...   READ MORE 

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INDUSTRIAL SPDR ACHIEVES BULLISH BREAKOUT TO LEAD MARKET HIGHER -- XLI LEADERS INCLUDE XYLEM, HARRIS, AND EATON -- THE DOW TRANSPORTS ARE CHALLENGING THEIR JUNE HIGH -- TRAN LEADERS INCLUD...

INDUSTRIAL SPDR ACHIEVES BULLISH BREAKOUT TO LEAD MARKET HIGHER -- XLI LEADERS INCLUDE XYLEM, HARRIS, AND EATON -- THE DOW TRANSPORTS ARE CHALLENGING THEIR JUNE HIGH -- TRAN LEADERS INCLUDE FEDEX AND RYDER -- PFIZER SURGES TO NEW RECORD TO LEAD DOW HIGHER

INDUSTRIAL SPDR REACHES FOUR-MONTH HIGH ... While media attention seems to be focused on struggling FANG stocks, investors are putting their money elsewhere. Chart 1 shows the Industrial Sector SPDR (XLI) rising above its June high to reach the highest level in four months. That's a healthy sign for...   READ MORE 

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SMALL CAPS LOOK TOPPY AND ARE STARTING TO WEAKEN -- WHILE THE S&P 500 SPDR IS TESTING OVERHEAD RESISTANCE AT ITS JANUARY HIGH -- THAT COULD LEAD TO A CHOPPY AUGUST

SMALL CAPS LOOK TOPPY AND ARE STARTING TO WEAKEN -- WHILE THE S&P 500 SPDR IS TESTING OVERHEAD RESISTANCE AT ITS JANUARY HIGH -- THAT COULD LEAD TO A CHOPPY AUGUST

SMALL CAPS ROLL OVER WHILE SPY TESTS JANUARY HIGH ... Stocks are beginning to look a little toppy. That's especially true of small caps. Chart 1 shows the Russell 2000 Small Cap Index ($RUT) ending the week below its 50-day moving average (blue circle). The RUT has been losing...   READ MORE 

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AIRLINES LEAD TRANSPORTS AND INDUSTRIAL SPDR HIGHER -- UAL IS AIRLINE LEADER -- ALASKA AIR, SOUTHWEST, AND DELTA HAVE A STRONG DAY -- INDUSTRIAL SPDR ALSO TURNS UP -- KANSAS CITY SOUTHERN...

AIRLINES LEAD TRANSPORTS AND INDUSTRIAL SPDR HIGHER -- UAL IS AIRLINE LEADER -- ALASKA AIR, SOUTHWEST, AND DELTA HAVE A STRONG DAY -- INDUSTRIAL SPDR ALSO TURNS UP -- KANSAS CITY SOUTHERN AND L3 TECHNOLGIES HELP LEAD XLI HIGHER

DOW TRANSPORTS CONTINUE TO GAIN GROUND ... The Dow Transports continue to gain altitude. Chart 1 shows the Dow Transports trading at the highest level in a month and nearing a challenge of its June high. Yesterday's message showed the TRAN being driven higher by United Parcel Service (UPS)...   READ MORE 

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UPS LEADS TRANSPORTS HIGHER TODAY -- CSX AND NORFOLK SOUTHERN LEAD STRONG RAIL GROUP -- TRUCKERS RYDER AND CH ROBINSON ARE ALSO LEADING -- RISING OIL PRICES HAVE HURT AIRLINE PERFORMANCE -...

UPS LEADS TRANSPORTS HIGHER TODAY -- CSX AND NORFOLK SOUTHERN LEAD STRONG RAIL GROUP -- TRUCKERS RYDER AND CH ROBINSON ARE ALSO LEADING -- RISING OIL PRICES HAVE HURT AIRLINE PERFORMANCE -- BUT ARE BOOSTING ENERGY SHARES

DOW TRANSPORTS REGAIN 50-DAY AVERAGE... The Dow Jones Transportation Average has been trying to gain altitude after successfully bouncing off its 200-day moving average over the past month. But it's been a choppy advance. Chart 1 shows the Dow Transports regaining its 50-day average today after being pulled...   READ MORE 

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This Week's NASDAQ High Was A Lonely Place

This Week's NASDAQ High Was A Lonely Place

* Tuesday was a Key Reversal Day * Breadth fails to confirm Tuesday’s high * Primary uptrend is intact, but will it be threatened? Tuesday was a Key Reversal Day This week the NASDAQ Composite registered a new all-time-high, but the quality of that rally leaves a lot to be desired. That...   READ MORE 

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TEN-YEAR TREASURY YIELD KEEPS CLIMBING -- THAT PUSHES BOND PRICES FURTHER BELOW RESISTANCE -- THAT'S LIFTING FINANCIALS AND BANKS IN PARTICULAR -- BANK LEADERS ARE BANK OF AMERICA, JP MORG...

TEN-YEAR TREASURY YIELD KEEPS CLIMBING -- THAT PUSHES BOND PRICES FURTHER BELOW RESISTANCE -- THAT'S LIFTING FINANCIALS AND BANKS IN PARTICULAR -- BANK LEADERS ARE BANK OF AMERICA, JP MORGAN, AND SUNTRUST -- NORTHERN TRUST NEARS UPSIDE BREAKOUT

TEN-YEAR TREASURY YIELD CLEARS 50-DAY AVERAGE AS BOND PRICES DROP... The upturn in Treasury yields that started on Friday is gaining more momentum today. Chart 1 shows the 10-Year Treasury yield ($TNX) climbing 5 basis points to the highest level in more than a month. It's also climbed...   READ MORE 

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CHART ANALYSIS STILL FAVORS A HIGHER TEN-YEAR TREASURY YIELD -- WEAKER FOREIGN YIELDS HAVE HELD THE TNX BACK -- RISING RATES HURT CONSUMER STAPLES WHILE FAVORING CYCLICALS -- FALLING COMMO...

CHART ANALYSIS STILL FAVORS A HIGHER TEN-YEAR TREASURY YIELD -- WEAKER FOREIGN YIELDS HAVE HELD THE TNX BACK -- RISING RATES HURT CONSUMER STAPLES WHILE FAVORING CYCLICALS -- FALLING COMMODITY PRICES HAVE BOOSTED BOND PRICES -- OVERBOUGHT DOLLAR WEAKENS

THE MAJOR TREND STILL FAVORS HIGHER BOND YIELDS... Yesterday's message showed the 7-10 Year T-bond iShares (IEF) testing important overhead resistance at its spring highs and 200-day moving average, and the impact bond direction usually has on rate-sensitive sectors like financials, utilities, and REITS. Rising rates usually favor...   READ MORE 

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TREASURY PRICES ARE TESTING OVERHEAD RESISTANCE -- RISING BOND PRICES ARE BOOSTING UTILITIES AND REITS AT THE EXPENSE OF FINANCIALS -- FINANCIAL/UTILITY RATIO HAS BEEN FALLING THIS YEAR --...

TREASURY PRICES ARE TESTING OVERHEAD RESISTANCE -- RISING BOND PRICES ARE BOOSTING UTILITIES AND REITS AT THE EXPENSE OF FINANCIALS -- FINANCIAL/UTILITY RATIO HAS BEEN FALLING THIS YEAR -- BUT IS TESTING TRENDLINE SUPPORT

BOND ETF IS TESTING OVERHEAD RESISTANCE ... Treasury bond prices have been climbing since the middle of May. And they've reached an important chart point. Chart 1 shows the 7-10 Year Treasury Bond iShares (IEF) in the process of testing overhead resistance along their early April/late May peaks,...   READ MORE 

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Is Gold In A Bear Market Or A Buying Opportunity?

Is Gold In A Bear Market Or A Buying Opportunity?

* Long-term trends rolling over to the downside * A rising dollar does not help gold * Gold Under-performing stocks is not a good thing….for gold * Gold showing bear market characteristics Long-term trends rolling over to the downside The recent sell off in the price of gold has quite frankly surprised me....   READ MORE 

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STOCK INDEXES ARE STILL CLIMBING -- NASDAQ HITS NEW RECORD -- S&P 500 TRADES AT FIVE-MONTH HIGH -- CHIP STOCKS FINDING SUPPORT ABOVE 200-DAY LINE -- FINANCIALS ARE BOUNCING AGAIN -- BANK O...

STOCK INDEXES ARE STILL CLIMBING -- NASDAQ HITS NEW RECORD -- S&P 500 TRADES AT FIVE-MONTH HIGH -- CHIP STOCKS FINDING SUPPORT ABOVE 200-DAY LINE -- FINANCIALS ARE BOUNCING AGAIN -- BANK OF AMERICA LEADS BANKS HIGHER

MAJOR STOCK INDEXES ARE STILL CLIMBING ... All three of the major U.S. stock indexes are building on last week's gains. Chart 1 shows the Dow Industrials moving further above 25K and nearing a test of its June high. The Dow is being led higher by Johnson &...   READ MORE 

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STOCKS ARE HAVING A POSITIVE WEEK -- THE DOW IS TRYING TO CLOSE OVER 25K -- THE S&P 500 IS CHALLENGING ITS MARCH HIGH - UNITED TECHNOLOGIES, ROCKWELL COLLINS, AND BOEING LEAD A STRONG AERO...

STOCKS ARE HAVING A POSITIVE WEEK -- THE DOW IS TRYING TO CLOSE OVER 25K -- THE S&P 500 IS CHALLENGING ITS MARCH HIGH - UNITED TECHNOLOGIES, ROCKWELL COLLINS, AND BOEING LEAD A STRONG AEROSPACE GROUP HIGHER

S&P 500 IS CHALLENGING MARCH HIGH ... Stocks are ending the week on a positive note. The Nasdaq hit a new record high yesterday. Today's rally is being led by the Dow and S&P 500. Chart 1 shows the Dow Industrials trying to end above...   READ MORE 

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Bond Yields Showing Some Vulnerability

Bond Yields Showing Some Vulnerability

* A look at the primary and secular trends * Interesting momentum study points to lower bond yields * Bond Net New Highs set to pounce in either direction * Slight softening in confidence hints at lower yields In the June and July editions of my Market Roundup webinars I pointed out the possibility...   READ MORE 

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DROP IN CHINESE MARKET STARTED WITH JUNE 15 TARIFFS -- SINCE THEN CHINESE STOCKS AND CURRENCY HAVE FALLEN TOGETHER -- AGRICULTURAL COMMODITIES AND BASE METALS PEAKED IN JUNE WITH CHINESE M...

DROP IN CHINESE MARKET STARTED WITH JUNE 15 TARIFFS -- SINCE THEN CHINESE STOCKS AND CURRENCY HAVE FALLEN TOGETHER -- AGRICULTURAL COMMODITIES AND BASE METALS PEAKED IN JUNE WITH CHINESE MARKET

MOST COMMODITIES ARE IN THE RED ... Commodity prices have been falling sharply over the last month. And Chart 1 shows where most of the selling has taken place. The black line shows the Invesco Commodity Tracking Fund (DBC) still 4% higher since the start of the year. That's...   READ MORE 

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FINANCIALS LEAD THE MARKET HIGHER -- FINANCIAL SPDR BOUNCES OFF CHART SUPPORT -- BANK ETFS DO THE SAME WITH REGIONALS IN THE LEAD -- DOW INDUSTRIALS CLEAR THEIR 50-DAY LINE TO LEAD MAJOR S...

FINANCIALS LEAD THE MARKET HIGHER -- FINANCIAL SPDR BOUNCES OFF CHART SUPPORT -- BANK ETFS DO THE SAME WITH REGIONALS IN THE LEAD -- DOW INDUSTRIALS CLEAR THEIR 50-DAY LINE TO LEAD MAJOR STOCK INDEXES HIGHER -- TRANSPORTS ARE ALSO HAVING A STRONG DAY

FINANCIALS ARE THE DAY'S STRONGEST SECTOR ... My June 30 message suggested that the market needed more help from financial stocks and industrials if it was going to gain ground during the second half of the year. It's getting help from both today. Let's start...   READ MORE 

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What Would It Take For The Charts To Signal A Top In Oil?

What Would It Take For The Charts To Signal A Top In Oil?

* Technical picture is ripe for a turn, but the main trend is up right now * Tuesday’s outside day could be the first domino * Negative divergences between several energy components Technical picture is ripe for a turn, but the main trend is up right now The oil price remains in...   READ MORE 

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STOCKS START SECOND HALF ON AN UP NOTE -- HEALTHCARE SPDR ACHIEVES BULLISH BREAKOUT -- BIOGEN LEADS BIOTECH RALLY -- BUT A LOT OF OTHER BIOTECHS ARE RISING AS WELL -- PHARMACEUTICAL ISHARE...

STOCKS START SECOND HALF ON AN UP NOTE -- HEALTHCARE SPDR ACHIEVES BULLISH BREAKOUT -- BIOGEN LEADS BIOTECH RALLY -- BUT A LOT OF OTHER BIOTECHS ARE RISING AS WELL -- PHARMACEUTICAL ISHARES ALSO BREAK OUT -- MERCK, ELI LILLY, AND PFIZER LEAD DRUG RALLY

STOCKS START SECOND HALF ON A STRONG NOTE ... After a shaky month of June, stocks started the second half of the year on a positive note. And moving average lines continue to play an important role in that stronger start. Chart 1 shows the Dow Industrials ending the week on...   READ MORE 

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HEALTH CARE SPDR ACHIEVES BULLISH BREAKOUT -- BIOTECH ISHARES REACH HIGHEST LEVEL IN SIX MONTHS -- STOCKS END WEEK ON STRONG NOTE WITH ALL ELEVEN SECTORS GAINING GROUND

HEALTH CARE SPDR ACHIEVES BULLISH BREAKOUT -- BIOTECH ISHARES REACH HIGHEST LEVEL IN SIX MONTHS -- STOCKS END WEEK ON STRONG NOTE WITH ALL ELEVEN SECTORS GAINING GROUND

HEALTHCARE SPDR ACHIEVES BULLISH BREAKOUT... On a day when stocks are rising, and all eleven market sectors are in the black, healthcare is the standout performer. Chart 1 shows the Health Care SPDR (XLV) rising to the highest level since the middle of March. The bottom box shows the XLV/...   READ MORE 

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THE DOW ENDS JUST ABOVE ITS 200-DAY AVERAGE -- WHILE THE S&P 500 REGAINS ITS 50-DAY LINE -- THE RUSSELL 2000 AND NASDAQ 100 LEAD MARKET HIGHER -- SEMICONDUCTOR ISHARES BOUNCE OFF THEIR 200...

THE DOW ENDS JUST ABOVE ITS 200-DAY AVERAGE -- WHILE THE S&P 500 REGAINS ITS 50-DAY LINE -- THE RUSSELL 2000 AND NASDAQ 100 LEAD MARKET HIGHER -- SEMICONDUCTOR ISHARES BOUNCE OFF THEIR 200-DAY AVERAGE TO LEAD TECH SECTOR HIGHER

MOVING AVERAGE LINES ARE STILL HOLDING... Major stock index continue to find support around moving average lines. Chart 1 shows the Dow Industrials rising 181 points (+0.75%) to close at 24356. That was enough to put it just above its 200-day moving average. Other stock indexes did even better....   READ MORE 

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Wider Implications For A Sick Looking Dr. Copper?

Wider Implications For A Sick Looking Dr. Copper?

* Copper signals a primary bear market * Copper’s influence on commodities in general * Copper and bond yields It’s often said that Copper has a PHD in economics because it is used widely in many economic sectors. As a result, long-term reversals in its price trend often foreshadow general swings...   READ MORE 

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July Market Round Up With Martin Pring 2018-07-01

Here is the link to my current thoughts about the global markets. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring Turner Capital Group of Walnut Creek or its...   READ MORE 

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STOCKS GAINED GROUND DURING SECOND QUARTER -- SECTOR LEADERS WERE ENERGY, TECHNOLOGY, REITS, AND UTILITIES -- INDUSTRIALS AND FINANCIALS WERE THE WEAKEST -- FINANCIALS REMAIN IN DOWNTREND...

STOCKS GAINED GROUND DURING SECOND QUARTER -- SECTOR LEADERS WERE ENERGY, TECHNOLOGY, REITS, AND UTILITIES -- INDUSTRIALS AND FINANCIALS WERE THE WEAKEST -- FINANCIALS REMAIN IN DOWNTREND -- BANKS ETFS REMAIN UNDER PRESSURE

DOW AND S&P 500 GIVE UP SOME OF FRIDAY'S GAINS... First a quick update on Friday's price action. The Dow and S&P 500 gave up some of their gains on Friday afternoon. The Dow gained 55 points (+0.23%) but ended slightly...   READ MORE