Two Hands

By Tim Knight

On the one hand, stocks are breaking out of key patterns, such as the small caps pushing above this triangle:

And, to my eyes, a breakout like this – – what’s the word? – – oh, yeah: sucks.

On the other hand, there are some sectors that remain nicely positioned and appear to be turning away from recent strength, such as financials:

We don’t even care, as restless as we are;
We feel the pull in the land of a thousand guilts;
And poured cement, lamented and assured;
To the lights and towns below;
Faster than the speed of sound;
Faster than we thought we’d go, beneath the sound of hope.

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Published by

Gary

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