Author: Beacon Wealth

The following question was brought up recently: What could the extreme outperformance from utilities mean for both utilities and the S&P 500 for the rest of the year? Looking at 2016, the Dow Jones Utility Average was up 13.3% for … Continue reading →

Stocks moving lower again. U.S. markets are sliding in early trading, following yesterday’s sell-off that saw every sector outside of energy close lower, after a better than expected reading of the April Consumer Price Index (CPI) and hawkish commentary from … Continue reading →

A potentially ominous chart pattern is forming on the S&P 500 Index currently, called a head and shoulders pattern. As the name suggests, it looks like a head with two shoulders. There is one major peak, surrounded by two smaller … Continue reading →

Equities lower after Monday rally. Stocks are down in early trading, a day removed from a broad advance in the major averages. WT crude oil is adding to yesterday’s more than 3% climb that boosted the energy sector to a … Continue reading →

Last week saw some huge drops from many large department stores thanks to disappointing earnings. Then on Friday, April retail sales came in at 1.3%, well above the consensus estimate. In fact, this was the best monthly gain since March … Continue reading →

Equities moving higher amid oil rally. U.S. stocks are advancing in early trading, a welcome change from the prior week, which ended with three consecutive daily losses fueled by a string of disappointing retail earning reports. WTI crude oil is … Continue reading →

Strong retail sales data boosts sentiment, stocks. A headline beat and strength in the underlying retail sales figures released this morning helped lift stocks off early lows. On Thursday, indexes were little changed amid an up-and–down session as investor’s focused … Continue reading →

Crude oil has seen a record bounce in the past three months going back to the lows hit in February, on the heels of the worst bear market ever—but what could be next? Technically, things continue to look good, and … Continue reading →

Tomorrow is Friday the 13th, so what does this mean? Well, if you have triskaidekaphobia then this isn’t your day, as that is a fear of the number 13. A fear of the actual day of Friday the 13th is … Continue reading →

Markets rebound after retail-led drop. Strength in WTI crude oil, which hit a new 2016 high this morning after an official report projected tightening supplies, is helping U.S. equities rise and European stocks stage a midday turnaround. This comes after … Continue reading →