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 […]

Subsector Drilldown Biotechnology March 28, 2024

Subsector Drilldown Biotechnology March 28, 2024 Biotechnology led off the lows in the fall and the took a break over the last month or two. I think it is time to start paying attention again as it starts to show some life again. Let’s see what we can find under the surface. In this video, […]

Media & Entertainment Subsector Drilldown Video

Subsector Drilldown Media & Entertainment March 26, 2024 Today we drilldown into the Media & Entertainment Subsector to see if we can find some opportunities that still have room in this down trodden space. Of course, we all know about $NFLX and $DIS action among others, but if this space breaks out there are lots […]

Power Sector Review March 25, 2024

Power Sector Review March 25, 2024 The Big Picture Markets moved up this week across all three with strong gains thwarting any follow through from last week’s potential bearish candle setups. Weekly’s are nearing overbought, but no sign of a turn just yet and daily’s are still in strong RSI bull trends that all just […]

Power Sector Review March 18, 2024

Power Sector Review March 18, 2024 The Big Picture Another lively week as we went through the quad witching options expiration as well as some air coming out of Tech, and low and behold, the markets survived. They were down across the board with a decent amount of volatility. All the daily charts on the […]

Power Sector Review March 11, 2024

Power Sector Review March 11, 2024 The Big Picture The week ended up with strong tails on the majors and not much in between. The $SPY put in a doji and $IWM was close enough for government work, while the $QQQ put in a bigger body, but did not engulf the last candle. This action […]

Power Sector Review March 4, 2024

Power Sector Review March 4, 2024 The Big Picture Markets were all up for the week, but once again, it took some back and forth to get there. I mentioned in the Weekly Macro Review that these “mushy” RSI trends in $SPY and $QQQ can continue to grind while they generally keep everyone on edge. […]