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Sector Detector: Technology Reasserts Itself
December must have ushered in the cavalry, because the market busted out big time today after closing November looking like it was quite ready to sell off. I have been looking for a big move during...
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Sector Detector: Technology and Consumer Services Surge in Rankings
In last week’s article, I suggested that the market needed to confirm that it was indeed in breakout mode above the SPY 120 level, and the past week gave unequivocal confirmation. After closing...
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Sector Detector: Additional Scores Provide New Insights
After closing November looking quite weak, bulls overpowered the shorts and gave the market an incredibly strong start to December, nullifying all of my previous talk about how the last 4 months of...
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Sector Detector: Healthcare and Technology Retain Top Scores as Holidays Arrive
The bulls continue to steamroll bears during December, despite closing November with ominous weakness. Powered by the Fed, the SPY bounced convincingly from strong support at 118 and has not looked...
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Sector Detector: Technology Rises while Basic Materials Falls in Rankings
The stock market has been on cruise control for the holidays, with the bulls teasing the bears occasionally but giving little back. Powered by the Fed’s cash machine, the SPY has continued on its...
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Sector Detector: Market Remains Frothy
This week brings a clean slate among stock traders as the holidays and end-of-year positioning has come to an end. The market continues to show signs that it wants to pull back a bit to work off its...
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Sector Detector: Energy Surges in Rankings and Spurs Market Breakout
The Energy Sector has demonstrated a surge in technical strength to lead the market higher this week, and at the same time it has surged in the SectorCast rankings.Despite continually flashing severely...
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Sector Detector: Market Takes an Overdue Pause
The market posted a big red candle today. It was much overdue … and in fact needed for a healthy market. It simply cannot go up in a straight line and engender confidence among investors. Backing and...
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Sector Detector: Healthcare and Technology Continue Strong in Rankings
This market sees nothing but rainbows and butterflies ahead. No worries, no fears. Although backing and filling is a necessary aspect of a healthy bull market, history shows that it can go on for...
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Sector Detector: Basic Materials Surges in Rankings
The past few days have given us a wild ride in the markets, thanks primarily to unrest in the Middle East. After this extended run since December 1, I have been waiting for the market to decide between...
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