Holding up nicely considering recent market pullback and potential competition.
Following a failed breakout earlier this month the BKX Index(KBW Bank Sector Index) remained in a tight range. Yesterday key support near the August low was taken out.
Via SentimenTrader: QQQ fund flows: according to Bloomberg, we just saw the biggest outflows since the *dot-com bust* Similar days with large outflows almost always led to more losses for the NASDAQ over the next few weeks. Hat tip @sentimentrader
Another great chart from Ryan Detrick of LPL Research: "This bull market is officially 6 months old today (126 trading days) and it is no longer the best start to a new bull market ever. Previous best 2 starts at 6 months ('82 and '09) did see continued gains fwiw."
After a 22% decline from the September peak shares of Splunk Inc are resting in a very solid support zone.
Small Cap stocks are off sharply as the new week begins.
Testing support. Major support at 240
We mentioned a few weeks back that Gold looks more bearish than bullish and could continue to test levels of support below.
“One of the more remarkable stats you’ll ever see is the breakdown of long-term performance between after-hours and intraday trading. “