Dan Russo, Author at Chaikin Analytics

Dan Russo

Bulls Keep the Ball as Better Than Expected Economic Data Remains the Focus

The Invesco DB US Dollar Bullish ETF (UUP) remains above important support at the $26 level and in an overbought position. UUP is below the declining long-term trend line and Chaikin Money Flow has turned bearish. Further strength on the part of the dollar would likely be a headwind to the broader commodity complex. Take …

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covid

Equity Rally Being Tested as COVID-19 Cases Rise in the US and China; Watch Key Support Levels

SPDR S&P 500 ETF (SPY) has moved to a Neutral+ rating as the pullback (which I wrote was likely in this note last week) has begun. SPY continues to underperform the IWV (Russell 3000 ETF) but the intensity of underperformance is beginning to diminish. The OB  / OS Indicator has room to an oversold position …

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Stock Rally Continues as the May Jobs Report Produces a Large Upside Surprise

SPDR S&P 500 ETF (SPY) has seen its ETF Rating turning bullish as the fund gapped higher on Friday following a much better than expected payrolls report, with the economy adding 2.5 million jobs in the month of May. In the near-term, the fund is overbought based on our indicator while Chaikin Money Flow is …

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The Best Thing I Read This Week [VIDEO]

Dan Russo, CMT, shares why a white paper from the innovation-focused asset management group, ARK Invest, titled “Rethinking Asset Allocation” may be the most interesting thing he’s read this week.  What’s the most interesting thing you read this week? Share it in the comments.  https://vimeo.com/426246027 Share on facebook Share on twitter Share on linkedin

Are Investors Too Bullish? [VIDEO]

After an initial downswing following COVID-19 fears and a nationwide lockdown, are we now approaching “excessive greed” territory as the market grinds higher? Dan Russo, CMT, shares what he sees in market sentiment right now.  Share on facebook Share on twitter Share on linkedin

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