Is It All Bad News?

By Michael Reilly | January 4, 2023 |

2022 is officially in the books and many investors would say good riddance! Using the benchmark indexes as our “market” proxies, it was pretty ugly. But indexes can be misleading.  The DJIA ended the year down -7.67%, which, given all the noise last year, really isn’t awful.  The S&P on the other hand, fell -20.28%,…

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Overlooking This One Sector Could Really Cost You

By Michael Reilly | March 22, 2022

Technical analysis is all about seeing what IS happening in the market, not what MIGHT happen in the market. I’ve never met anyone who made money based on what might be… just what is. That’s a big reason why we focus our efforts on technical analysis. I’d rather find something that’s working. Why complicate it?…

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A Turning Point Is Approaching for This Sector

By Michael Reilly | September 13, 2021

An important inflection point in the sector most correlated to the S&P is close – and which way it resolves will be a tell for S&P in the coming weeks and months. You hear about the S&P 500, the Dow, and even the tech-heavy NASDAQ every day… so what? Savvy investors – the ones looking…

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This Sector Looks Ready for a Breakout

By Michael Reilly | January 8, 2020

For most of us, January 1 of a new year marks a time to reset, reevaluate and set goals for the new year. On the other hand, the markets could care less about an arbitrary change in the calendar. Markets today continue to do what they did throughout 2019 – rise to new all-time or…

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Global Relative Strength Conditions, 4/19/2018

By Michael Reilly | April 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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