Article Category: Sectors

Resistance, Dow Theory, Gold and the Fed

Sigma Point Capital Logo

The first thing I want to mention today is that the S&P has finally cleared its overhead resistance at 2815. As you can see below, that price level turned the index back on five separate occasions. The fact that prices are holding above this mark is a good sign, as it suggests the selling pressure at this level has subsided.


Read more  

Posted in: Dow Theory Federal Reserve Inflation Market Breadth Recessions Sectors Yield Curve

Bullish Price Action, Lackluster Data

Sigma Point Capital Logo

When the market collapses as it did during December, it’s usually a function of ETF and futures driven selling. Rather than going through the process of selling individual stocks, larger investors use these baskets of securities to effectively sell everything at once. This is especially true when we’re talking about short-term, algorithmic style trading.


Read more  

Posted in: Commodities Economy Global Growth Oil Sectors

Back to top