Now that’s what I’m talking about. I have been discussing the overbought technical conditions of the S&P 500 for some time and the need for a pullback to test bullish support levels. And as many commentators have suggested, the more time between pullbacks, the more severe is the action when it finally arrives. Bears had become very hungry after a prolonged hibernation. This week offered up a nasty pullback. Read more about Sector Detector: Patient bulls finally get a new entry point, thanks to inflation fears

Last week was horrible, while today was quite good, albeit on low volume.  What happened?  Let’s review the facts.

Last week, the S&P 500 dropped over -4% to close Friday at the key support at 1295, off nearly -8% from its April high.  Mid-cap Growth was the worst style/cap, down -6.2%.  The best was Large-cap Value, off -4.3%. Read more about What the Market Wants: Turnabout

david / Tag: AAPL, AGCO, ALL, CVI, FB, HLF, JPM / 0 Comments

Editor’s note: Walt Gault is the guest author this week. David Brown will be back next week. Read more about What the Market Wants: Strong Start for the Quarter

walter / Tag: CVI, DECk, GM, UTHR, VIX, VXX / 0 Comments

Market Rally Continues But Not Sure Why...

By David Brown, Chief Market Strategist, Sabrient Systems Read more about What the Market Wants: Market Rally Continues But Not Sure Why...

david / Tag: AA, AAPL, CVI, GOOG, JPM, RS, sectors, UTHR / 0 Comments