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Mid-Week Market Update | January 20, 2021
Mid-Week Market Update | January 20, 2021
Nasdaq Lags on a Mostly Lower Day for Equities but Small Caps Close Higher
US equities finished mostly lower on Thursday, though small caps rose on the day. Concerns about the spread of coronavirus are getting much of the blame
SPY Trades to a New High as Semiconductors Propel the Technology Sector
Technology outperformed on the back of strength in semiconductors yesterday. US equities finished higher in Wednesday trading. Energy was the best performer on strength in Crude
Stocks Trade Lower But Remain Resilient in the Face of Coronavirus
US equities finished mostly lower in Tuesday trading but ended off the worst levels of the day. Energy and Financials trailed the market. Communication Services and
With Markets Near Record Highs, AAPL Issues a Revenue Warning for the March Quarter
AAPL has announced a revenue warning due to coronavirus. US equities were mixed in Friday trading, though the S&P 500 ended near the highs of the
The Market’s Advance Continues; Breadth Divergences Across Time Frames Call for a More Selective Approach
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has a Bearish Chaikin Power Gauge ETF rating and has been lagging the SPY for
SPY and QQQ Trade at New Highs But Close Near the Lows of the Day
Our sentiment indicators have moved in the direction of greed this week as the market has rebounded following fears of coronavirus. You can read more about
Why Doesn’t The Stock Market Care About Coronavirus?
Why doesn’t the market care about coronavirus? I recently received this question which prompted me to look into the subject a bit further. With the S&P
After a Strong Rally Last Week, Stocks Follow Through to the Upside on Monday
Syneos Health, Inc. (SYNH) has a Very Bullish Chaikin Power Gauge Rating and has been leading the SPY since November. The stock is oversold based on
SPY Pulls Back From Record Levels But Still Adds More Than 3% on the Week
The iShares US Home Construction ETF (ITB) has a Very Bullish Chaikin Power Gauge ETF Rating and has been leading the SPY since the start of the year.
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