Never The Worst

Never The Worst

December has never best the worst month of the year.  As of Friday’s close the S&P 500 Index is down 4.6% since the end of November.  So far October is the worst month this year(-6.85%).  Stay tuned.  Hat tip Ryan Detrick...
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...