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...

RevShark Watchlist 070517

I know we’ve been saying this a lot lately, but this recent market action has been giving traders fits. Ever since the initial tech reversal about a month ago, there’s been some vicious rotations under the surface, and what’s made things particularly...

RevShark Watchlist 062917

The last time we talked, we mentioned how, despite mixed action under the surface, traders were locked in on biotech stocks. There are times when we get these little pockets of momentum, and the can provide some great opportunities, especially when you consider that...

RevShark Watchlist 062317

After Monday’s sudden gap-and-go day to fresh record highs, the market’s been unable to generate any follow-through, and as of Thursday’s close, is just about where it was last Friday. Underneath, places like retail and energy have been struggling mightily, but...

RevShark Watchlist 062117

We’re already midway through the week, and the action remains as challenging as ever. From a big-picture perspective, the major indices are in good shape. In fact, on Monday, both hit fresh record highs, and as we’ve said before, it’s tough to be too negative when the...

RevShark Watchlist 061417

It’s Fed Day, and while Dr. Yellen and her merry band of fresh-baked cookie pushers have been less of a factor lately, the even can always present a bit of a challenge for traders. Typically, there are a few movers in the morning, but the action typically...

RevShark Watchlist 061317

For quite some time now, active market participants have been flummoxed by the incredibly narrow and persistent strength in the market. Tech, particularly the biggest and most popular names in that sector, have been on an absolute tear, while much of the rest of the...

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