On Break

11/16/2008

BMB On Break

It’s time again for a little BMB R&R, especially with the market behaving as bizarrely as it’s been. Maybe if we stop watching it start to behave a little better…

Posting will be very light and variable over the course of this week, but we’ll put up an open thread each market day for our readers to comment on the day’s market activity or to post any interesting links they might run across.

Check the space below for whatever the latest might be during this ‘off’ time, and please visit the various sites in the ‘Links’ and ‘Regular Stops’ for up-to-date market news and analysis.

BMB will be back in full swing by next weekend.

Posted: 1:00 pm

7/16/2006

Bear’s Back

Bill Fleckenstein can now make a pretty good case that the bear market is back in full force. That doesn’t mean we won’t see a few bounces, however:

This does not mean that we can’t see a bit of a rally next week, as bulls try to practice a variation of denial-bordering-on-amnesia called “last week didn’t happen.” That mindset was obviously at work last Tuesday: After KLA-Tencor (KLAC, news, msgs) CEO Richard Wallace said that bookings (which, oh, by the way, can be canceled) looked to be higher than forecast, his prognostication launched the Nasdaq and gave a lift to the tape at large. Even Intel (INTC, news, msgs) jumped 2% in five minutes on the back of the KLAC quack.

Posted: 10:02 pm

ChartWatchers Newsletter

A new edition of the ChartWatchers newsletter from StockCharts.com is available this week. In the latest issue, the discussion covers Dow 10700, the S&P testing a major trendline, a breakdown in the SOX, the split between the S&P and Nasdaq, and a bearish signal for the Diamonds (DIA).

Posted: 9:53 pm

What’s Hot, What’s Not

Items of note on the latest industry moves:

  • Only five groups in the green this week.
  • Energires, along with some commodity areas, have worked their way back to the top to join the REITs and utilitites.
  • Tech stocks and housing are still an absolute horror show.
  • Airlines were just destroyed this week, and many of the other transports were dragged down along with them.
  • A breakdown in the retailers ($RLX chart), and the banks ($BKX chart) and defense stocks ($DFX chart) are looking vulnerable.
  • For a more detailed breakdown of group movement over various time periods, try Prophet.net’s Industry Rankings page.

 

Best Performing Industries
Last Week Last 4 Weeks Last 8 Weeks
Oil Services ($OSX) +2.1% Gold & Silver ($XAU) +13.3% Oil +9.5%
Oil ($XOI) +0.9% Oil +11.6% Utilities +5.5%
Natural Resources ($GSR) +0.5% Natural Resources +7.7% REITs ($DJR) +5.3%
Utilities ($UTY) +0.4% Commodities ($CRX) +5.9% Natural Gas +5.1%
Natural Gas ($XNG) +0.2% Natural Gas +5.5% Natural Resources +4.5%

 

 

Worst Performing Industries
Last Week Last 4 Weeks Last 8 Weeks
Airlines ($XAL) -10.1% Networking -10.8% Disk Drives -18.0%
Networking ($NWX) -7.6% Disk Drives -10.5% Semiconductors -16.5%
Housing ($HGX) -7.5% Semiconductors ($SOX) -9.8% Housing -15.8%
Comp. Hardware ($HWI) -7.2% Comp. Hardware -8.6% Networking -14.0%
Disk Drives ($DDX) -6.9% Housing -7.8% Comp. Hardware -13.4%
Posted: 11:37 am