Category: Charts/Essays/Reports

The S&P 500 fell 0.40% on the first trading day of the year. Not horrible, but it wasn’t overly encouraging either. After starting with a moderate gap up and pushing a little higher during the opening minutes, sellers took over and drove prices down for several hours. The indexes bottomed during lunch and then moved […]

At Leavitt Brothers, we turned bullish a couple weeks ago. The indexes were printing lower lows, but many stocks held their lows and were basing. Since the performance of individual names – and not the indexes or indicators – is our strongest and most reliable ‘tell,’ we turned bullish. At first there was some choppy […]

Stage analysis was popularized by Stan Weinstein in his book Secrets for Profiting in Bull and Bear Markets. This is the first book I recommend to all traders. In fact, it’s so good, I recommend it as the second book too because reading it a second time is more valuable than reading a different book […]

Let’s talk commodities. We know inflation is high. Gas and food prices are front and center and are taking a bite out of most people’s disposable income. Below I’ll flip through many charts. First agriculture and ag-related. The building materials. Then precious metals. And finally energy. Then I’ll sum everything up. RJI is a commodities […]

The market is in terrible shape. On the index level, tops have formed and confirmed downtrends are in place. Among individual stocks, 80-90% of tech is in a bear market. The internals have been weak for at least six months. But while most of the market is off limits to investors, oil has offered a […]

Let’s talk housing. 30-year mortgage rates are now 5.2% (or thereabouts). This is a double off the low. Coupled with significantly higher prices, this has caused mortgage payments to shoot up. From Charlie Bilello… In Jan 2021, the 30-yr mortgage rate was 2.65% and average new home price in the US was $401,700. Today, the […]

There have been some spectacular round trips the last year. That’s when a stock goes on a huge run…only to give it all back. And these are not low-quality stocks – many are established companies that have been in business for 15+ years. This is a small sampling; there are well over 1000 of these […]

The market is topping. These are long, drawn-out processes that often take upwards of two years to complete. Let’s compare the current topping process to the Dot Com top and Financial Crisis top. Here’s S&P 500 from 1999-2002. Even though ’99 was a great year, in hindsight, it was the start of the topping process. […]

China stocks have been in the dumps since topping in February 2021. A combination of increased regulation and outright confiscation of assets from the Chinese government have dissuaded investors from accumulating shares, and in some cases, outright holding them in the first place. But this seems to be changing. As noted at Leavitt Brothers this […]

This writeup will be short on words but long on charts. The Nas 100 is leading the market. As long as the index does well, the entire market will at least hold up, so an analysis of the stocks will reveal a lot of valuable information.