Weekly Macro Review July 8, 2024

Weekly Macro Review July 8, 2024 Charts That Matter The rotation toward the broader market didn’t happen once again. The new quarter didn’t bring much new in the first week. $IWM got hit hard Monday and then stayed within that range the rest of the week. It had a little fight, but closed the week […]

Power Snapshots July 7, 2024

Power Snapshots July 7, 2024 Highlights: $SPY and $QQQ are getting extended on all 3 time frames, but can push further. $IWM still in RSI bull range all three time frames, surprisingly. Mid-week saw breadth bounce, but narrowed back out quickly. New Highs and New Lows oscillating denotes broader indecision. Large cap indexes continue on […]

Weekly Macro Review July 1, 2024

Weekly Macro Review July 1, 2024 Charts That Matter The large cap indexes ended a strong quarter with a fizzle while $IWM perked up right as the curtain was pulled. Luckily, we start a new act today. Maybe not so lucky for the small caps so far today. I review 5 time frames of Triple […]

Power Snapshots July 1, 2024

Power Snapshots July 1, 2024 Highlights: Triple Play Charts over 5 time frames are all in RSI Bull Ranges. Information Technology takes back the top spot and is starting to hit on all cylinders. Real Estate continues to improve and nears a breakout from a long consolidation. Breadth improved second half of the week As […]

Power Snapshots June 24, 2024

Power Snapshots June 24, 2024 Highlights: Mixed week with $SPY and $IWM gaining and $IWM losing. Power Universe eked out a gain. Short term breadth actually improved most of the week, even on the difficult days. Real Estate becomes a top sector as it holds tight to the interest rate narrative. New Lows contracted while […]

Weekly Macro Review June 24, 2024

Weekly Macro Review June 24, 2024 Charts That Matter The majors started the OpEx week with some strength, but as the week went on a little air started coming out of some of the big AI names as well as other Info Technology larger names. It wasn’t enough to turn it negative for the week, […]

Power Snapshots June 17, 2024

Power Snapshots June 17, 2024 Highlights: Pop on better data doesn’t last in the broader markets. Breadth keeps narrowing short term, but longer term measures are starting to notice. Real Estate continues to emerge with the rate narrative. New Lows begin expanding across the timeframes. Markets continue to concentrate this week showing clearly in the […]

Weekly Macro Review June 17, 2024

Weekly Macro Review June 17, 2024 Charts That Matter The week saw a big pop in the middle, but the broader markets couldn’t hold on to them. The two big guys closing the week near highs in strong RS bull ranges. $QQQ is nearing 80, but that in itself just shows strength and is not […]

Power Snapshots June 13, 2024

Power Snapshots June 13, 2024 Highlights: CPI gets a positive reaction and this morning’s PPI being soft is helping too. $IWM putting in a reversal and closing with a solid day, despite the fade. Technology back to top Relative Strength sector. Real Estate came in second to Tech on rate hopes. New Lows more lit […]

Power Snapshots June 6, 2024

Power Snapshots June 6, 2024 Highlights: Large caps breakout out and small caps just hold where they have to. Health Care takes the top RS spot.  Semiconductors lead Information Technology to a nice reversal day $SPY and $QQQ break out to new all time highs in strong RSI bull ranges. $IWM just holds where it […]