The 'crowd' remains at historically levels of fear.
Plus, all US big banks pass the latest Fed stress test despite tougher standards, and a quick look at Dollar General.
Despite Wednesday's hit, XLE remains the only sector SPDR ETF still up year to date (+34.8%).
After Tuesday's rally, we could use some more convincing.
The bounce was nice but downtrends are still intact.
Here's what we're looking out for.
there was a high level of professional participation on Thursday and almost all of it was on the same side of the market.
I have never seen a market downturn end on its own, without the Fed turning dovish as a catalyst or in response to some crisis-level situation.
Charts and market breadth still need improvement.
Here's what to expect from the central bank Wednesday and how markets may react to their decision.
Caution is warranted right now.
All index charts break support and turn negative.
With the TLT trading around $112 early Monday morning let's check on the charts again.
Something is going on behind the scenes, and I am back to very nervous on risk, including bonds and commodities, not just stocks.
Investor fear remains a potential positive catalyst.
We've never unwound a close to $9T central bank balance sheet before, let alone do so as the entire economy skates on the thinnest ice seen in these parts for quite some time.
Sentiment has moderated, but remains bullish.
Let's check the charts and data on the market dashboard.
Two equity indexes have now taken a positive turn.
If you're looking for yield and are OK with risky junk and other below-grade debt, then check out these three funds.
This may be a short week, but you know what they say...
I see three key takeaways from Wednesday's FOMC release.
Two key indexes have come off their previous negative implications.
Chairman Jerome Powell is focused on bringing down inflation, and that could bring down the economy with it, which won't be good for stocks.
Here's where things stand in this volatile stock market.
There was the 'momentum play' on Monday and not much else as portfolio managers resisted temptation to increase risk exposure.
The crowd is essentially entirely on the bear side of the boat.
Here's why we believe some selective buying is currently warranted.
Insiders continue buying as traders extend short leverage.
We ran, we ran all night and day... right back into U.S. Treasury securities, once again flattening the curve.