Communication service sector (XLC) +2.6% drives stock markets with another breakout as follow-through uptrend actions. Inside communication services, we can see FB, GOOGL, TWTR, ATVI, DIS lead this se...
August 5, 2020, 12:47 pm EDT Material Rising The Material sector XLB +1.8% leads DJIA with 300+ points gain as of now. FCX +9% and AA +6% (portfolio holding) are breaking out from a solid base. It loo...
August 4, 2020, 1:01 pm EDT Market Update: Breaking Out Here and There Although stock markets produce mixed performance (DJIA +0.3%, S&P 500 flat, Nasdaq -0.2%), some stocks and industries keep br...
August 3, 2020, 11:49 am EDT Technology Resumes Its Rally Technology resumes its rally from MSFT, AAPL, TSLA, ZM with about 3-5% gains. Its action strengthens market bullish bias. Semiconductors also...
July 31, 2020, 4:44 pm EDT Market Review: Intraday Reversal to the Upside It was another surprise that stock markets made an intraday reversal to the upside today. DJIA closed with +114 points higher ...
July 31, 2020, 12:53 pm EDT Tech Lost The Battle Strong earning reports from AAPL +6%, AMZN +4%, FB +7% cannot change the fact that stock markets as a whole are breaking down: DJIA -1%, S&P -0.7%,...
July 30, 2020, 11:21 am EDT Tough Battle Between GDP and Tech US Q2 GDP hit a record low of -32.9% that dragged entire stock markets with DJIA near -500 points. Now, it comes back to -300 points to 26...
Nasdaq -1.27%, DJIA -0.77% S&P 500 -0.65% were the scorecard today. Previous tech mega leaders weakened again (AAPL, MSFT, GOOGL, AMZN, TSLA) that showed mode switched from offensive to defensive.
July 27, 2020, 11:46 am EDT Falling Dollar and Rising Commodity While the US dollar keeps plunging to new local low, commodity prices are rising steadfastly across various materials. Precious Metal: ...