by Tony Dwyer | Aug 10, 2022 | How I See It
The significant upside surprise in the nonfarm payroll data from Aug. 5—which showed job growth of 528,000 jobs versus the consensus expectation of a 250,000 gain—reinforces our view expressed on Aug. 1: “Our four indicators that guide us in recognizing...
by Proactive Advisor Magazine | Aug 10, 2022 | Topping the Charts
The big economic news last week was a jobs report that surpassed consensus estimates by a wide margin. Bespoke Investment Group wrote on Aug. 5, “Job growth absolutely smashed estimates as nonfarm payrolls rose 528k in July versus 250k expected;...
by Proactive Advisor Magazine | Jul 27, 2022 | Topping the Charts
June data for the U.S. housing market showed overall weaker trends in several different categories, while home prices continued to post gains. Existing home sales Existing home sales fell 5.4% in June, the fifth month in a row of declines and the...
by Tom McClellan | Jul 27, 2022 | How I See It
If we look at the classic version of the McClellan Volume Summation Index in this week’s chart, then there is some reason for the bulls to have hope. There is a slight bullish divergence right now, with prices having made a lower low. The Summation...
by Larry McMillan | Jul 13, 2022 | How I See It
At the beginning of 1973, the Dow (no one paid much attention to $SPX back then) made a new all-time high, trading up to 1,067. The Barron’s Roundtable, a survey of top money managers and brokerage firm analysts, was published at the beginning of 1973...
