From time to time, I have mentioned the importance of small- and mid-cap stocks as cornerstones of a significant and sustainable market advance.

In a single session, the major stock indices approached, or even exceeded in the case of the Nasdaq, their near-term resistance levels. 

Yogi Berra said it: “It’s Déjà vu all over again.” That phrase so aptly applies as Fed Chairman Powell comes out with a statement that puts a scare into the stock market indicating that the Fed is still concerned about inflation. 

The CBOE Volatility Index could hold in the mid-teens here over the short run and even beyond. I think with the market becoming a bit quieter, that is a good thing. 

I recently made the case that with the major market indices violating their respective 200-day moving average levels, we could see a reversal — a technical “head fake.” 

Technology, energy & industrials are among the sectors that have been exhibiting the best relative strength, but I am keeping my eye on some of the laggards. 

Yesterday’s rally on Wall Street lifted most “boats” from aerospace to utilities and many sectors and themes in between. 

For weeks now there has been a faceoff between the quality of earnings and the uncertainties of the outlook for interest rates. Interest rate worries are outweighing… 

The major stock indexes may be at a "fork in the road" from a technical perspective.

As of yesterday’s closing, the S&P 500 joined the DJIA in breaching its widely watched moving average trend line support, and that’s an intermediate-term trend line, so that’s a significant breach.