Evening Thread

These 2 charts show the S&P500 since January 3, 2012 - the heavy green line in both charts. There are 10 comparisons on each chart. The best performing sector was AAPL. Followed by homebuilders, financials (!), retail. Where did you NOT want to be? bonds. gold. utilities. metals and mining. transports. "consumer non-discretionary."

Next quarter is likely to look different. We will start getting clues over the next 2 weeks as one quarter ends and the next one begins.

Thursday Afternoon Thread

NKE Daily (as of 11:40EDT)

Yes it's well extended above the 200 day but less that 5% above the 50 day and it tagged the 20 day this morning.  That 20 day has been a great place to buy and today could be a good time to start a position.  I'm thinking about it.

Thursday Morning Thread

Gator's Chart of the Day: TSCO

The chatter I've been hearing suggests farmers are going to have a lot of cash in their pockets and this is one of the places they like to spend it. The stock hit an all-time high (88.97) today before retreating into the close. The Bollinger band width is less than 5% of the 20 day simple moving average so it qualifies as a squeezer with a high base. With the market showing some weakness this week it may not be the right time to buy breakouts but this could be an exception.

TSCO Monthly Chart

As you can see from the monthly chart this stock has been immune to any downturn for years.