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Mid-Week Market Update | January 20, 2021
Mid-Week Market Update | January 20, 2021
Key Themes Remain Largely Risk-Off Despite Rally in Stocks
US equities finished mostly higher in Thursday trading, ending near the best levels of the day. Health Care and Discretionary outperformed while Energy and Financials lagged.
SPY Continues to Dance with the 50% Retracement Level as Breadth Metrics Slowly Improve
Building a Bullish Watch List The short-term trend in the market has turned bullish while the intermediate and longer-term trends still remain bearish. At the same
Rally Extends as Major Market ETFs Remain Overbought
Stock of the Day – Lyft, Inc. (LYFT) Lyft, Inc (LYFT) has a Bearish Chaikin Power Gauge Rating and has been lagging the SPY since its
Rally Stalls for a Day; Banks Kick Off Earnings Season Today
Stock of the Day – O’Reilly Automotive, Inc (ORLY) O’Reilly Automotive, Inc. (ORLY) has a Very Bearish Chaikin Power Gauge Rating and has been lagging the
Equities Trade to Key Resistance Levels Ahead of First Quarter Earnings Reports
The SPDR S&P 500 ETF (SPY) has a Neutral Chaikin Power Gauge ETF Rating and continues to outperform the IWV (Russell 3000 ETF). The OB /
Bullish, Bearish, Perplexed, Doesn’t Matter — Stay In Shape
We’re now going through the hard part of the stock-market crash. The relentless downward momentum has eased and we’ve even seen some rallies not to mention
Early Rally Fades as Major Markets Remain Overbought
The SPDR S&P 500 ETF (SPY) has a Neutral Chaikin Power Gauge ETF Rating but continues to outperform the broader IWV (Russell 3000 ETF). The fund
Rally Takes SPY Through the First Key Resistance Level
Stock of the Day – The Kroger Co. (KR) The Kroger Co. (KR) has a Bullish Chaikin Power Gauge Rating and has been leading the SPY
Expect Two-Way Volatility to Persists as Stocks Trade in a Wide Range Between Support & Resistance
Trex Company, Inc. (TREX) has a Very Bearish Chaikin Power Gauge Rating and has begun to lag the SPY once again. The OB / OS Indicator
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