Posts Tagged ‘financials’
Will PacWest Bank Be the Next Fed Casualty?
Here’s something you may not know about these smaller regional banks. A lot of them have been in trouble for a while now.
Read MoreBuy the Dips or Sell the Rallies?
Earlier this week, I put out a short video addressing current market conditions using price, breadth, and Relative Strength ratios as our guide. The reasons we had moved all but a small portion of investor funds to the safety of cash are still very much in play, and based on the data, we believe the…
Read MoreNo Banks, No Bull
Regardless of daily headlines about the current direction of equity markets, what the Fed is thinking, or what Elon is doing, there are a few tried and true rules that remain pretty consistent. And one of those rules is that without banks, there are no bull markets. That doesn’t mean banks have to be the…
Read MoreIt’s All Bullish for Energy and Financials
One of the most important themes these days is the rotation between growth and value stocks. To be clear, we’re not seeing a rotation out of stocks into risk-off alternatives, we’re seeing a rotation within the equity market. Groups like Energy and Financials have been breaking to new highs while growth and Tech indexes have…
Read MoreIs now the time Financials breakout to new all-time highs?
In the most recent edition of ADAPT Weekly, I outlined an overwhelming number of relative strength signals that have developed and continue to develop, favoring global equities over all other asset classes. If you missed it, here’s a link to that article (click here to view article) – it’s an easy read and one I…
Read MoreSector Shakeup
Over the weekend we had a major shakeup in sector rankings: For the first time since August 14, 2018 Healthcare has dropped out of the top four strongest sectors of the 11 domestic sectors we track. Not only was Healthcare pushed out of the top four, it fell off a cliff, plummeting…all the way down…
Read MoreAre Financials Back on the Upswing?
Financial stocks continue to rise this week, adding to the possibility that a bottom may finally be in for the #2 ranked U.S. sector. Financials have been a beaten down sector since the February market correction, forming a series of lower highs between March and mid July and creating a descending triangle pattern (as seen…
Read MoreRelative Strength in 2018
In spite of all the tariff talk out of Washington and continued volatility on Wall Street, the second quarter ended in the green for a large swath of the US Equity marketplace. Both the cap weighted SPDR S&P 500 ETF (SPY) and the Invesco, S&P 500 Equal Weight ETF (RSP) – both of which are…
Read MoreMarket News: The Financial Sector
The surprising results of the 2016 Presidential election lit an inferno under the Financial sector. In September 2016, just months prior to the 2016 election, Financials were ranked dead last on a relative strength basis (#11 out of 11). By October 28, 2016, they had jumped to #5 and – just after the election…
Read MoreGlobal Relative Strength Conditions, 4/19/2018
U.S. Equities are still the #1 ranked Asset Class by relative strength. Within U.S. Equities, Technology remains the #1 strongest sector, and Financials remain the #2 strongest sector on a relative strength basis. Industrials are still #3. International Equities are the #2 ranked Asset Class. They continue to close the gap on the leader (U.S.…
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