Yes, the market showed significant weakness last week for the first time in quite a while. In fact, the Dow Jones Industrial Average moved triple digits each day. But it was all quite predictable, as I suggested in last week's article, and certainly nothing to worry about. Now the market appears to be poised for a modest technical rebound, and longer term, U.S. equities should be in good shape for a year-end rally. However, I still believe more downside is in order before any new highs are challenged. Read more about Sector Detector: Stocks fight off predictable weakness, but expect more downside

Scott MartindaleStocks continue to hold up like troopers even though bulls have lost some traction, perhaps due to a combination of the summer doldrums and overbought technical conditions that have them biding time until the next setup for a run at new highs. To be sure, bears are AWOL and missing their opportunity to create some fear and ignite a correction. Read more about Sector Detector: Mid-year mark finds eager bulls seeking renewed traction

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Well, it’s official. The old adage about selling in May didn’t apply this year. Instead, larger-cap, higher-quality, and value-oriented stocks continued to lead the market higher. The S&P 500 gained +2.1% during the month and confirmed its tentative technical breakout from the prior Friday with steady progress last week. However, it was tepid at best during the holiday-shortened week, and a somewhat concerning ‘double-low’ confirmation -- i.e., on extremely low (and decreasing) volume and with a backdrop of persistently low volatility. Read more about Sector Detector: Stocks confirm tepid breakout, but on ultra-low volume and volatility

smartindale / Tag: SPY, VIX, EEM, IWM, IYF, iyw, IYJ, IYZ, IYC, IYK, IYH, IDU, IYM, IYE, FTEC, FNCL, FUTY, FSTA, FENY, TDIV, PXE, KBWD, SWKS, OVTI, BCEI, PSX, ZION, FITB / 0 Comments