Markets have stalled the past two weeks, with gains most abundant in semis and AI. A look at the SPY since the 16th of May reveals consolidation aka going nowhere.The NASDAQ faired slightly better with gains just above 1%. The major indices are heavily influenced by market caps and in that upper quartile the vast...Read More

Big cyclical stocks were upside movers today, with breakouts in trains, truckers, chems, lodging and other economically sensitive areas. Earlier today we had positive economic data, vis a vie JOLTS.JOLTS Job Openings 7.39M vs 7.1M EstThe semis and AI stocks were at the vanguard, closely shadowed by small caps and regional banks. This is, essentially,...Read More

Because it is what we’re in, ebbing so slowly towards a break out.The consolidation isn’t exaggerated yet, really only just beginning. This is typical of markets after digesting big gains. We will be data dependent to get us to the next level, maybe. In the meantime, it’s worth noting for the 3rd consecutive day markets...Read More

The only extreme readings in Stocklabs occurred mid-month at 587 on the SPY. We have listed sideways since then.Best performing sectors.Services +5.9%Industrials +5.7%Tech +5.4%Consumer Goods +4%Basica Materials +3%Utilities +1%Healthcare -2.2%Note the returns are less than indices, due to weighting concerns. Top performing industries:Airlines and solar, hmmm.Worst performing Returns by top market capsWorst performing, $50b caps+Top...Read More

A new acronym is born, thanks to the moron reporter who taunted Trump.TACO: Trump Always Chickens OutIf you think about it, maybe 50% of the tape bombs could be eliminated if reporters would stop asking him questions. Today he posted on Truth social how China was treating us very unfairly, suggesting they had violated the...Read More