The Nasdaq 100 Index (QQQ ETF shown below) has been one of the leading indices following the March 23, 2020 low. This leadership has been accompanied by broad participation in the recent rally as our Breadth indicators on the Nasdaq 100 Index have now turned Net Bullish. We note that with 5 out of 8 […]
The four largest sectors inside the TSX Composite Index include; Financials (31.7% of the Index), Energy (19 % of the index), Materials (14.1% of the Index), and Industrials (11.2% of the Index). For additional information on the sector composition of the TSX, please see the following link; Composite Weighting Explained As these four sectors make […]
LISTENING TO THE MARKET – THE WARNING SIGNS On February 23, 2020 , in our Weekend Market Update, we indicated that while the Trend and Market Breadth indicators resided in a longer term NET Bullish Posture, we were seeing cracks in the market’s armor. The quote below is directly from our February 23, 2020 update. […]
Throughout 2019, Gold was held (directly or indirectly) in many of the strategies we track at Riverside for a better portion of the year because of it’s strength in relation to other assets. Since breaking above a key price level of $12.48, identified on May 30, 2019, the IAU – iShares Comex Gold Trust ETF […]