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As the NASDAQ Composite Index cleared its 50-dma yesterday, a state of bullish complacency seemed to settle over this current market rally off the Christmas Eve lows. The action looked quite bullish given that it came after more weak economic news out of China, comments from U.S. Trade Rep Robert Lighthizer that no progress had been made in the recent low-level U.S.-China trade... Read More

The indexes have spent the past two days consolidating their recent gains. This is consistent with the NASDAQ Composite Index at least pausing as it runs into a logical line of resistance at its 50-dma. Whether this sets up a general market move higher or whether we see a deeper pullback and retest of the Christmas Eve lows is still an open question yet to be answered. However,... Read More

Special Announcement: Going forward, The Marder Report will be available twice weekly, on Wednesdays and Sundays by 6 p.m. PT, by subscription at www.marderreport.com . This service has been priced to be affordable for just about everyone, at about $41 per month with the quarterly discount. There will also be a premium version that includes: A... Read More

The big picture is a market rotating away from small-cap/mid-cap/growth and into large-cap/S&P 500/blue-chip stocks. The clearest signs of this divergence can be found in charts of the cumulative NYSE advance-decline line and the % of NYSE stocks above their 50- and 200-day moving averages. This rotation into lower-risk names is classic late-cycle behavior. It has been discussed numerous... Read More

Stocks remain in good shape, bolstered by strong earnings growth and still-low interest rates. The Nasdaq Composite and S&P 500 are just days off their all-time highs, while the advance’s breadth is solid. Leadership in the growth sector has been notable, with a few liquid glamours leading the way along with numerous more-speculative issues, including Tilray (TLRY), Bandwidth... Read More

Stock averages continue to hold their own as proceedings move through a normally slower season of vacations. While volume left a little something to be desired on the S&P 500’s latest move to a new high, turnover on the Nasdaq made up for that. ... Read More

The averages make progress as they put their brief June swoon behind them. Volume remains less than desired, especially at the level of the averages. For example, activity has actually diminished on all four S&P rallies since the Apr. 2 low. ... Read More