What Volatility Looks Like

What Volatility Looks Like

Over the last three weeks the S&P 500 Index has seen nearly unprecedented volatility. Three weeks ago the index fell 3.5%.   The next week it was up 4.5%.  Last week:  -4.5% Since 1950 this level of volatility has only happened twice before(1974/2008). We...
Lululemon Leveled

Lululemon Leveled

Lululemon is suffering its worst loss of 2018 today.  Shares are down 10% following last night’s fourth quarter earnings report.  $LULU is ending its streak of powerful post earnings breakouts as the week comes to an end. At the November lows $LULU successfully...
November Jobs Disappoint

November Jobs Disappoint

The lede:  This morning’s employment report for November showed a 155K increase in total nonfarm payrolls, which was worse than forecasts. The unemployment rate remained at 3.7%. The Investing.com consensus was for 200K new jobs and the unemployment rate to...
Small Caps Reach New Lows

Small Caps Reach New Lows

The iShares Small Cap Index ETF($IJS)is trading at new 2018 lows today.  Yesterday the index suffered its biggest loss of the year(-4.5%)but was still able to hold above a major support zone.  This key area is beginning to give way today. At this morning’s low...
Thor Industries Thumped

Thor Industries Thumped

Higher Rates Matter Shares of RV maker Thor Industries are taking a beating this morning.  The stock is off just over 12% following another disappointing earnings report.  Today’s sell off has pushed $THO to new 2018 lows as very solid support near the $64.00...