Markets
Climbing a Wall of Worry, Stocks Just Did Something Highly Unusual

Climbing a Wall of Worry, Stocks Just Did Something Highly Unusual

The S&P 500 just did something highly unusual: It had two consecutive "outside days." That's when prices make a lower low and a higher high than the previous session. It's often considered a reversal pattern, which makes the activity so interesting. It was only...

Energy Stocks Could Be Hugely Oversold, According to This Chart

Energy Stocks Could Be Hugely Oversold, According to This Chart

Energy is the top performing sector this year, despite two months of weakness. It now appears hugely oversold in comparison with crude oil prices. The first chart shows the ratio of the SPDR Energy ETF (XLE) against crude oil prices. Notice how the current ratio is...

Stocks Are Climbing an Epic Wall of Worry as Earnings Blow Past Estimates

Stocks Are Climbing an Epic Wall of Worry as Earnings Blow Past Estimates

An old adage states that "bull markets climb a wall of worry." It's especially true now. The S&P 500 fell 1.6 percent last Monday, its worst drop in over two months. But it immediately rebounded, and climbed the next four sessions. That resulted in gain of almost...