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

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

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

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

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

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,...

RevShark Watchlist 08-16-17

For weeks now, there have been signs of stress under the surface. Stocks were priced to perfection heading into earnings season, and despite solid numbers and guidance, many reports didn’t justify those lofty valuations. As a result, we saw numerous sell-the-news...

RevShark Watchlist 080817

The theme of this earnings season, at least for the first few weeks, has been “sell the news”. Although companies have, on balance, beat expectations and raised guidance, the tendency has been for investors to fade strength. A lot of that has to do with elevated...

RevShark Watchlist 072717

Earnings season in well under way, and while there have been a few notable stumbles (see GE and GOOGL) for the most part, the reports have been pretty okay. The indices were stubbornly strong in early July, and the bulls are relieved that their continued faith the the...

RevShark Watchlist 071117

Traders lately have been busy lately lamenting the fact that the action has been highly inconsistent. Not only has the action been mixed under the surface, but the leader/laggard relationships seem to be shifting on a daily basis. Monday was a perfect example, as tech...

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