Power Sector Review June 2, 2024

Power Sector Review June 2, 2024 Markets continue to put in mixed performance, but this week it switched with Small caps overshooting and seeing the strongest rebound into the end of the week. $SPY and $QQQ finally forced the backtest and survived. The complete breakdown of the Triple Play Charts went out in the Power […]

Power Sector Review May 26, 2024

Power Sector Review May 26, 2024 The markets told a different message this week depending on which index you concentrated on. Large Caps were mixed with Technology out front helping $QQQ end the week with a gain and $SPY hold near flat. Other $SPY areas weren’t so lucky and the index had an indecision candle […]

Power Sector Review May 20, 2024

Power Sector Review May 20, 2024 We saw breakouts this week in both the large cap indexes we follow as well as our own equal weighted Power Universe. Some belief is coming back in as new highs are made, very few believed the evidence we have been seeing over the last couple of weeks. Having […]

Power Sector Review May 13, 2024

Power Sector Review May 13, 2024 Mid week we got hit with a GICS sub-industry change from our data provider without warning. As longtime followers know, we have always built our own subsectors instead of using the GICS due to usability and misplacement of certain categories in the wrong areas. Real Estate is the biggest […]

Power Sector Review May 6, 2024

Power Sector Review May 6, 2024 The Big Picture Another seesaw week as sellers tried to reverse the bounce on Tuesday, but lost the fight sometime on Wednesday. The small guys were carrying the weight until we saw the big gap up on $AAPL Friday. Even with that rebound, the $IWM small caps led for […]

Monthly Power Sector Review May 1, 2024

Power Sector Review May 1, 2024 The Big Picture First big red monthly candle since the fall and everyone panicked back then as well. Not initially, but when it turned into a third month down after failing at resistance, it got a little dire in the sentiment and breadth picture. We are not there yet, […]

Power Sector Review April 22, 2024

Power Sector Review April 22, 2024 The Big Picture Markets saw another big down day on Monday and then a lot of back and forth, mostly down, until Friday where the Power Universe eked out a gain to end a pretty tough week overall. The week began with more indiscriminate selling, but soon turned to […]

Power Sector Review April 15, 2024

Power Sector Review April 15, 2024 The Big Picture Weekly downside follow through was finally obtained by the sellers. Markets were wobbling some going into the week, but looked as if they were digesting it ok. This week we saw a one two punch on Wednesday and Friday gave the sellers the upper hand for […]

Power Sector Review April 8, 2024

Power Sector Review April 8, 2024 The Big Picture Markets finally took some back this week with bearish engulfing patterns across the board. All were led by Thursday’s intraday rout. We discuss the big picture each week in the Weekly Macro Review. The weekly message is potential caution, but bears need the much elusive follow […]

Power Sector Review April 1, 2024

Power Sector Review April 1, 2024 The Big Picture The majors closed out the week, month and quarter with broad participation. $QQQ showing most of the weakness. After gapping down Monday, it never could recover like the other two. $IWM was strong on the week and closed strong Friday. This $IWM strength comes with the […]