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Following Mark Carney’s warning on mortgage debt and rising interest rates in the UK earlier today, homebuilders and home improvement stocks have (not surprisingly) underperformed: PersimmonKingfisher While one day’s movement is not usually a major concern, the 7% and 4% declines, respectively, in Persimmon and Kingfisher will likely result in violations of their support in

As regular readers know, we use relative strength point-and-figure methodology as one input in our process.  One of the main benefits of the system is the ability to see beyond short-term fluctuations in the price of a stock.

There are many ways to measure the intensity of moves in the equity market.  One method we use is to measure the net percent of stocks up over a certain time period.

For the last three years, the 10-year US Treasury bond has moved pretty much in lock step with Fed asset purchases.  Int he chart below, we show the 10-year UST (with a 4 month lag) and the three month accumulation in Fed assets.

In a recent interview with the Wall Street Journal (here), the CEO of Diageo– the world’s largest distiller & vintner by sales– put to rest any fears that the Johnny Walker brand would see a ’flavor extension’ anytime in the near future.

Measuring the valuation level of the median stock in an index can help mitigate the market-cap-weighted bias associated with many index level valuation statistics. This is important because index level valuations that are heavily influenced by a handful of large companies can give a misleading representation of prevailing valuations for most stocks.