Broad Market Rally a Turning Point

Today we saw broadening of participation by comparing the percentage change of the cap-weighted version of the S&P 500, SPY (+1.50%), versus the equal-weighted, RSP (+2.25%), which shows that today RSP advanced 52% more than SPY. Our biggest beef with the SPY rally was that it wasn’t broad. It was […]

The Bull Case for Energy is Clear

What compels me to write a bold headline claiming one sector is obviously poised to break out to the upside? As a trend follower, I have three goals every day: identify trends, follow those trends, and anticipate when those trends may reverse. Simple, right? Energy has been the worst-performing sector […]