Above are two charts of the Russell 2000 (IWM). The first shows the IWM breaching its 200-day moving average last week, although the bottom of the chart shows the oversold nature of the Russell 2000 today. The 2nd chart … Continued
Meant to publish this earlier this week… Which sectors have improved in terms of Q4 ’15 earnings growth since Jan 1 ’16 ? (First column is expected Q4 ’15 earnings growth as of Feb 9, the second data set is … Continued
The reversal in the Russell 2000 and biotech’s today was pretty significant since these groups have been leading us lower, along with Energy, Basic Materials and Transports. These timely charts posted today by Chris Kimble of Kimble Charting Solutions tell … Continued
The SP 500 fell 2.5% today, and is down 5% in the last week. With the SP 500 down about 7.5% YTD already, needless to say, this wasn’t the start expected to 2016. At a Chicago CFA Society luncheon today, … Continued
As we noted in last week’s Earnings Update, rolling into the new October ’14 quarter this week, saw the typical jump in the forward-estimate from last week’s $125.56 to this week’s $130.02. Given the traditional “roll”, last week we wrote … Continued
SP500corrections The above link is our/my internal spreadsheet noting the last few year’s history of SP 500 corrections. Note how in 2014, we’ve seen two very brief SP 500 corrections, although some might not even call them “corrections”, but the random … Continued
It is late Friday night, after the market has closed and I’m awaiting the Thomson Reuters data for the Weekly Earnings Update you can find on this blog every Saturday. CNBC gave the Goldman call a lot of play today, with their … Continued