SPX Testing Resistance as Rate Cut Cycle Begins The S&P 500 (SPX) is back to test YTD highs and important resistance in the 5670-5783 range. This is an important target/resistance area we have discussed for weeks; using the 2007 SPX topping analog which has tracked the current market almost perfectly, it would suggest a 2% or less move above the prior all-time high set in July at 5670 before topping, which is where we get the 5783 number. As long as the SPX does not have a weekly close above 57...
Upgrading Consumer Staples, Real Estate, and Health Care to Overweight; List of Concerns Continues to Grow Our long-term outlook remains neutral on the S&P 500 (SPX) as of our 8/6/24 Compass, after being bullish since early-November 2023. In late-July (7/30/24 Compass) we discussed expectations for a 1- to 4-month pullback/consolidation period on the SPX and Nasdaq 100 (QQQ), and at this point it seems likely to last closer to four months, and potentially 4- to 6-months from our selected 7/17/2...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Upgrading Health Care to Market Weight Breadth continues to improve and Russell 2000 (IWM) small-caps and the Dow remain bullish, all while the S&P 500 and Nasdaq 100 (QQQ) are going through a pullback/consolidation phase. Considering the Russell 2000 vs. S&P 500 ratio is reversing a 3.5-year downtrend, we expect this trend of small-cap outperformance to continue for months or longer. We will maintain our bullish view on small-caps (IWM) and the Dow as long as they remain above $210 and 39,800,...
Small Caps Outperform Despite "Hot" Inflation Reports In spite of last week's hotter-than-expected inflation reports (CPI and PPI), the S&P 500 remains above its 20-day MA, and, more notably, the Russell 2000 (IWM) outperformed relative to the SPX and QQQ, and ended the week at YTD weekly closing highs. Small-caps are supposed to fall and/or underperform if inflation is on the rise. When stocks do the opposite of what is expected of them, that is valuable information. The fact that small- and m...
Monitoring Rising Treasury Yields & U.S. Dollar (DXY) The Fed wanting "greater confidence" that inflation is sustainably moving toward its 2% target signals a patient approach with respect to rate cuts, meaning a more restrictive policy than the market expected. This is disproportionately hitting small- and mid-caps which are more sensitive to higher interest rates. This suggests we could see further consolidation for small- and mid-caps, while large-cap indexes (S&P 500, Nasdaq 100, DJI) remai...
A director at Community Health Systems Inc bought 1,000,000 shares at 2.110USD and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last ...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
COMMUNITY HEALTH SYSTEMS (US), a company active in the Health Care Providers industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of t...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Community Health Systems to Webcast Second Quarter 2021 Conference Call FRANKLIN, Tenn., July 15, 2021 (GLOBE NEWSWIRE) -- Community Health Systems, Inc. (NYSE:CYH) today announced that it will webcast its second quarter 2021 conference call. The Company will issue a press release announcing its results on Wednesday, July 28, 2021, after the regular close of trading. The conference call is scheduled to begin at 10:00 a.m. Central time, 11:00 a.m. Eastern time, on Thursday, July 29, 2021. A live webcast of the conference call will be available online at www.chs.net. To listen to the ...
Risk Appetites Improving, A Bullish Sign Below we highlight several metrics which provide evidence that risk appetites are improving, not deteriorating. This is a bullish signal for the broad market. Still, we continue to see a mixed market environment, but we remain constructive overall with the S&P 500 holding above short-term support at the 50-day moving average and 4056. S&P 500. The S&P 500 remains bullish, holding above key short-term support at the 50-day moving average and 4056. If the...
COMMUNITY HEALTH SYSTEMS TO WEBCAST FIRST QUARTER 2021 CONFERENCE CALL FRANKLIN, Tenn., April 14, 2021 (GLOBE NEWSWIRE) -- Community Health Systems, Inc. (NYSE:CYH) today announced that it will webcast its first quarter 2021 conference call. The Company will issue a press release announcing its results on Wednesday, April 28, 2021, after the regular close of trading. The conference call is scheduled to begin at 10:00 a.m. Central time, 11:00 a.m. Eastern time, on Thursday, April 29, 2021. A live webcast of the conference call will be available online at . To listen to the live call, pl...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
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