What’s Working Now

Long-time readers of this column know they can quickly ascertain the areas of strength and weakness in the market with a quick glance of the EdgeCharts that are included with each weekly update.  These charts graphically display the intermediate-term momentum for 33...

SPY’s Volume Speaks Volumes

I do not claim to be an avid student of market volume, and most market technicians would refrain from calling me an expert on the subject.  However, I have enough knowledge on the matter to notice a few things once in a while.  With this disclosure out of the way, I...

A Tale of One Index and Three ETFs

By now you have heard about the market dislocation that occurred on Monday.  After closing 530 points lower on Friday, futures on the Dow Jones Industrial Average were suggesting the Dow would open hundreds of points lower on Monday.  Indeed, that is what happened,...

Downplaying Black Friday

This week marks the beginning of the sprint to the finish line of 2014.  Yesterday, our country held its annual thanks.  Ironically, the day after we give thanks for everything we have, we are encouraged to spend lavishly on gifts and things we do not have.  What was...