On the eve of Chart Summit 2023, let’s take a look at how some of the most important areas of the market are holding up during what is seasonally the most bearish time of the year.

Technology represents close to 30% of the S&P500 and almost half the entire Nasdaq100. And here it is going out at its lowest weekly close since May: [Read more…]

The stock market is messy, not trending higher, and frustrating many investors who haven’t studied their market history.

This type of market environment, this time of the year, is EXACTLY what we should expect as investors.

If the market was NOT acting this way, then that would be weird.

Sometimes the market ignores seasonal trends. And that tends to be an important signal.

But, to be clear, this is definitely NOT one of those times.

The market is doing exactly what it should be doing.

See: Weakest Time of the Year

Over half the stocks on the NYSE are below their 200 day moving average. Same with the S&P500.

Here’s what the index itself looks like near the lower end of this multi-month range: [Read more…]

The US Stock Market is mostly one big fat mess, as is perfectly normal for this time of the year.

So no surprise there.

You can catch up on our reasoning in this short post.

But the bottom line is that we’re now well into month #3 of this correction, since the new 52-week highs list peaked back in July.

The fact that markets are a mess is not a big deal. The bigger question is more about how long it will take to resolve, and which stocks are holding up the best during this seasonally weak period.

We discussed some really interesting setups during our LIVE Conference Call this week.

But today I want to focus on a space that is acting way better than the rest of its peers: Cyber Security.

While Tech stocks have generally been struggling since mid-summer, take a look at Palo Alto hanging in there just fine: [Read more…]

The stock market correction continues….

What else would you expect during this seasonally weak period for stocks?

Historically, stocks do very well after mid-term elections. And that’s exactly what happened.

Then in Q3 the struggle tends begin for a few months.

And that’s precisely what we’ve seen this year. A perfectly normal market: [Read more…]

We just saw a $50 Billion Tech IPO successfully issued into public markets.

Remember those?

But before we get into growth stocks, let’s just put the overall market into perspective.

It was nice to get away from the screens for a few days, while we were out at Future Proof in California. But not much has changed now that I’m back home.

Here’s a shot of us during my panel discussion at the Conference: [Read more…]