This week Pete takes a look at bearish set ups, with the 50/200-Day moving average crossing to the downside. His bearish set up scan provided a list of stocks that he covers, including the Chaikin Power rating and technicals. After taking a look at some semiconductor names, Pete highlights a trend in hotel and travel names that are starting to breakdown.
Pete focuses on scans and screeners this week. Identifying trends using multiple pieces of information, a "weight of the evidence" approach, allows you to harness the power of technicals and fundamentals combined. Pete shares technical scans that can lead you down the path of good technical setup...
This week Pete takes a look at the equal-weighted S&P Semiconductor ETF (XSD) and explains why he's looking at it. Then Pete highlights a cool way that he finds names with signals showing they are oversold, and then some names showing the opposite signals on the downside.
Pete covers the current mid-day market action. U.S. equities are mostly lower while value and growth are in line again - strangely working together and not against each other as they usually do. In the health care sector Pete is takes a look at two very bullish names and two that are experiencing...
