RevShark Watchlist 10-19-17

RevShark Watchlist 10-19-17

The market continues to defy both logic and gravity as the lack of volatility and volume confounds market participants. At this point, gobs of individual stocks as well as the indices are exceedingly overbought and extended, and errrrryone – even the most ardent...
RevShark Watchlist 09-13-17

RevShark Watchlist 09-13-17

When we last spoke, we discussed the fact that it’s the market action that drives the headlines rather than the other way around. Dow down? Then investors must be worried about Korea or politics or whatever might be on the newswire that day. Stocks are up? Then...
RevShark Watchlist 09-06-17

RevShark Watchlist 09-06-17

We often say that it’s the pricing action that drives the headlines, and not the other way around. A big bounce off support levels over the past couple weeks left the indices somewhat overbought on a short-term basis and up against various resistance levels, leaving...
RevShark Watchlist 08-31-17

RevShark Watchlist 08-31-17

After some stalling action into the end of last week and the start of this week, stocks started to show more sign of improvement mid-week, as biotech and semiconductors led the action higher. Despite the struggles over the past few weeks (in what’s historically been...
RevShark Watchlist 08-24-17

RevShark Watchlist 08-24-17

After last weeks losses, a weak open on Monday left the S&P 500 down at its 100-day moving average, setting up what turned out to be a solid “turnaround Tuesday” bounce. It was strong action and helped the indices regain their respective 50-day moving averages,...
RevShark Watchlist 08-22-17

RevShark Watchlist 08-22-17

We discussed several times over the past few months that the period starting mid- to late-July and through early-October has been the roughest period of the year for the market, and so far, it’s living up to that reputation. After a small bounce early last week,...
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