Has the Market’s Timer Popped?

The larger the bird, the longer it takes to cook. Luckily, the handy red timer thingy pops when the bird of any size has roasted to perfection. Why then, do some...

Did Somebody Say Turkey?

Turns out Grandma Retail XRT began cooking her family’s Thanksgiving feast today. Last week, brick and mortar XRT gave us an indication that she would consider cooking this year when...

[Vault] Fibonacci expansion: A better way to time price targets

Identifying turning points in the market can be a daunting task. If you are already in a position, it’s easy to let your emotions take over and throw your...

The Rally Trumpets an Appealing Yet Solemn Tone

A Trumpet, in the hands of an accomplished musician, can be played to sound like the penetrating cry of an elephant. How ironic that the elephant in the photo is...

Is the Market Over the Rainbow?

Recently, several of the Modern Family phases deteriorated. The Russell 2000, in a confirmed Warning phase for 2 whole days, today, returned to an unconfirmed Bullish phase. After holding the major...

Rallysaurus’ Fight for Survival

Long-time readers of the Daily should remember our Rallysaurus. One of the first times I introduced the concept was in June 2016. At the time I wrote, “A Rallysaurus, in honor...

How Long Can the Market Avoid Crushing the Bulls?

Transportation (IYT) is clearly the star of the week. Fueled by record sales from the Thanksgiving sales blitz, goods are moving. IYT, from the 50 daily moving average breakout and phase...

Good Times Bad Times (In the Market)

The Market’s had its share. Today’s good times: Regional Banks (KRE) jumped from a Distribution to Warning to a Bullish phase. And, in the course of 2 days. Good times because the...

Oil, Commodities and A Royal Flush

Excluding the NASDAQ 100 (QQQ), US equities markets tapped (not hit) the brakes this week, ending a two-month positive weekly run for the Dow Industrials. The small caps (IWM) sold...

Mylan and Twitter rise while Starbucks and Genesco slump

NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday: Starbucks Corp., down $1.39 to $55.68 Howard Schultz is stepping down as the coffee chain's executive chairman. G-III Apparel Group...

Facebook 3Q revenue slightly below expectations

Facebook is reporting a slight revenue miss but stronger than expected profit in its third-quarter earnings report. The company had 2.27 billion monthly users at the end of the quarter,...

Nasdaq, Russell 2000 Continue Record Run

MARKET SUMMARY U.S. markets closed mostly higher on Tuesday as fresh all-time and closing highs continue to come into play. The intraday weakness led to a slight pullback in the...