Forward is likely at an end. A few charts the first of several. The first, here is the xlp youll see they have a small head and shoulders top formed in this particular chart. If you look at the next chart, ive kept the head and shoulders top and also included the trend line in effect since the march low. We have two circumstances. We have a reversal formation, a head and shoulders top and we have a break of the trend thats been in effect since the march low. Third chart, another way to consider the facts, this is now a line across the top connecting the january and february peak prepandemic what we know is the xlp did break out, but now its fallen back below the level from which it broke out take a look at one more chart. This is the head and shoulders top in relation to the line drawn along the pandemic peak before the selloff anyway you slice it and dice it, we have distribution and it looks like theres more to go. Two more things. Take a look at this table. One thing we know about t
Early investor will join us to talk air bnb power lunch starts right now the markets are at all time highs. Usually means great things on wall street but means much worse on main street these days. Well get to Steve Liesman for more on that lets start with bob on the market the low print was at the open were 25 points above that its the same pattern that we have seen for a while now. That is Technology Leading and consumer discretionary, amazon mostly, pushing the market to be upside industrials, energy and banks and energy has been on a downtrend for the last six or seven trading sessions and so have bank stocks they had a brief rally about two weeks ago. They have been down on trend for the last six or seven trading days i mentioned the ten new highs but were at new highs its because the megacaps continue to move the market forward. You get the big five moving up that pushes the market up even if the rest of the market is down semikwuk semiconduct iors are down trending we have nvidi
Unraveling the dow gained 131 and s p inched up but tech, yes, the tech heavy nasdaq declined. 60 . I say get used to this this kind of volatility is now here to stay i think september is the month this whole new investors who believe that stocks only go up, i think they get a rude awakening. Sure, long term stocks do go higher they have. They tend to do so but not long run, were also dead short term, when they go down, they go down hard. Which is why you need some cash on the sidelines cash king to treat these pull backs as buying opportunities and not be afraid. With that in mind, whats the game plan for next week . Housing is among the strongest groups thanks to low mortgage rates. Thats how lenar could rally 40 . I dont want to hear this gain is fake because the Federal Reserve is propping up the economy. When you take that money to the bank, they dont care. In our reports on money and after the close and unfortunately, i think the easy money here is made even though i think its a
Move because of evacuations im darya folsom and im James Fletcher lets get right to the map lay out the scenario that were seeing this morning with fires burning down near santa cruz in eastern Contra Costa County out there near mount diablo in a course in the north bay as were seeing here the live pictures at a salon a county with the fire that is now prompting evacuations in fact a bill this morning, lets go live to will tran very close to one of the fire lines that they are working on trying to keep people out and people safe as we see properties go up in flames. Well. Were talking about farmland thats going up in flames right now and this one is getting a little too dangerous even for us and we want to bring you to the scene it is chewing up the land its marching down closer and closer to in the intersection them at Pleasant Valley road and sherry glen road. And you can clearly see it is going unimpeded because theyre not being stopped by the firefighters at all they have other thi
That sounds like the Perfect Question for professor khouw welcome youre not alone as individual investor interest grows, so too is the Options Marketplace. Professor mike khouw explains how that could benefit everyone with more diverse product, well, options. Its time to risk less and make more options action starts right now. And lets get right to it. A slew of retailers on deck to report Quarterly Results next week including walmart, target and kohls despite todays big pop in Monthly Sales data, our chart master says the recent retail wreckage isnt quite over yet. So, carter, what are you seeing in the charts . We did get data, as you mentioned. Retail sales today reported that the total value are now higher than covid thats in a way bullish. But the stocks reflect it in aggregate. Lets look a few charts the first is a comparative chart. Youre looking at xrt, thats the equal weight retail etf. Its 88 stocks, its 3 trillion versus the s p one compare. What we know is this index is dou