The key indicator to watch for the end of the tech rally

Technology stocks, in particular the Nasdaq 100 (QQQ) etf has been on a dramatic relative and absolute outperformance rally for as long as many investors can remember. This one key indicator is now signaling a likely end of the relative outperformance for time being.

Don’t chase these charts! The crazy rallies in stocks like Gamestop (GME) and Bed Bad & Beyond (BBBY) of late is commensurate with the increase we are seeing in margin debt and short-dated call option buying. This is yet another short term market warning I would like to make you aware of. Risk is high for coming weeks.

5 Scary Charts Everyone Needs To See While we remain constructive risk assets such as growthier equities here in the first couple of quarters of 2021, the back half of the year and possibly going into 2022 will likely bring about a reality check. Please be aware of these 5 scary charts…

Overbought Alert! Stocks and other risk assets are having another great start to the year. While we remain constructive through the first quarter or so of 2021, in the immediate to near term things are getting frothy. Small caps, semiconductors and many more are reaching notable overbought readings.

Gold is range bound but readying a big move Earlier this week I sat down with IG’s Victoria Scholar to discuss our outlook on gold, bank stocks around earnings, shares of TWTR and DKNG

Why the USD is so important for stocks

A major driver of equities and commodities to the upside over the past nine months has been a plummeting US dollar. Getting a handle on what direction the dollar is moving is a key part of getting the direction of equities and commodities right, all else being equal

Can US stocks continue to scale fresh all-time highs?

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Breakout! This sector is primed for higher prices

[et_pb_section fb_built=”1″ _builder_version=”4.6.6″ _module_preset=”default”][et_pb_row _builder_version=”4.6.6″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.6.6″ _module_preset=”default”][et_pb_video src=”” _builder_version=”4.7.0″ _module_preset=”default”][/et_pb_video][et_pb_text _builder_version=”4.7.0″ _module_preset=”default” text_font=”Roboto|500|||||||”] Energy stocks as represented by the popular XLE etf just overcame an important technical feat as it broke above a key price level. This is accompanied by a macro backdrop that promised better growth and higher inflation in coming months. […]

Important update on bond prices and yields

[et_pb_section fb_built=”1″ _builder_version=”4.6.6″ _module_preset=”default”][et_pb_row _builder_version=”4.6.6″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.6.6″ _module_preset=”default”][et_pb_video src=”” _builder_version=”4.7.0″ _module_preset=”default”][/et_pb_video][et_pb_text _builder_version=”4.7.0″ _module_preset=”default” text_font=”Roboto|500|||||||”] After a big rally in bond prices in 2020, i.e. a big drop in bond yields, we are making an important call as to the next move for bonds and yields and why this is important for your favorite tech […]

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