Daily Report : A front-loaded rally as gains peter out; Gold miners soar while financials slide

In the 30 days that stocks have rallied from the March low, gains have been large - historic, even. But almost all of them came during the first 15 days of the rally. In the second 15 days, the S&P 500 has made barely any progress. That raises the potential that buyers have become exhausted. Historically, front-loaded rallies have not performed worse than ones that were more back-loaded.; Gold mining stocks have soared relative to the broader stock market, with the NYSE Arca Gold Miner index reaching new 52-week highs relative to the S&P 500. At the same time, the S&P 500 Financials index has slid close to a 52-week low. That kind of divergence seems like it should be an ominous sign, but its record has been mixed over the past 35 years.

This post is available to SentimenTrader members only.

Log into your account

To view this blog post, you'll need to log into your SentimenTrader account.

Login to your account

Don't have an account?

Sign up to get RISK-FREE access to all of our indicators, models, commentary and award-winning research.

If you've never tried the service before, there is no charge for the first 30 days. Then pay as little as $1.59 per trading day for access to our award-winning research.

Not ready to signup up for a free trial yet?

Signup for our Daily Lite email to receive highlights of our daily report, research and studies.

Follow us on Twitter:

Subscribe to our Youtube Channel:

RSS Feed

Subscribe to the Blog RSS feed