The S&P 500 Index and The 200 Day Moving Average
As the week comes to an end more stocks in the S&P 500 Index are above their 200D moving average that at any time since 2002. That relates to 96% of the index. Overbought? Indeed. We expect a summer healthy summer correction before the current bull market...
Tracking the ’09/’10 Bull
We expect the market to continue on a similar path. Great chart from Ryan Detrick of LPL Research. More from Ryan: “Amazing how this new bull market has tracked the ’09/’10 bull market. Be aware right about now is when that one finally rested and...
Energy Dominates
The energy sector is back on track today. The top 20 gainers in the S&P 500 Index is dominated by energy. The sector in general has been in pullback mode since peaking in early March. At last week’s lows the XLE(SPDRs Select Sector Energy ETF) had dropped...
Workday Working Higher
Shares of Workday are moving past the March highs. The stock is now up 20% from its March lows and is set up well for more upside. Layers of support are now in place. The $263-$260 area includes the multi week March highs as well as last week’s high. ...
Zoetis Back on Track?
Back in mid February shares of Zoetis appeared ready to reach new all time highs. The failed Feb. 16th earnings inspired( Zoetis shares rise as (NYSE:ZTS) | Seeking Alpha) breakout lead to a steep pullback. By early March the stock had dropped 17% from the Feb....2020 Investors Guide FREE
