Top Trading Links: Summer Breakout Edition

Well, the bulls took the ball and ran with it.  The S&P 500 Index (INDEXSP:.INX) pushed to new all-time highs this week, finishing up another 1.5 percent.

But the market is getting stretched, following a 13 day surge of over 8 percent (trading days).

The positives include expanding market breadth and technical breakout. Those two variables should be enough to keep an overbought market pullback within 3-5 percent.  BUT the 2100 price area will be a key support to watch should the market begin to sell off.

No need to speculate, though – the price action will lead us.

Sign up for our FREE newsletter
and receive our best trading ideas and research



We have some great investing reads in this week’s edition of “Top Trading Links” .  Enjoy.

 

MARKET INSIGHTS

Institutional Investors return expectations are getting wonkyBen Carlson

Sector Breadth Confirms Equity StrengthAndrew Thrasher

A look at volume in the S&P 500 ETF (SPY)Charlie Bilello

sp 500 etf spy trading volume at market bottoms chart

 

The Folly of Stock Market ForecastingAlpha Architect

This will end badlyFMD Capital

Is resource reflation for real?Dana Lyons

A look at stock market short interestPaban Raj Pandey

june month short interest nyse nasdaq chart

 

The prime example of an untradeable stockTom Bowley

New Highs in U.S. retail sales and wage growthUrban Carmel

 

NEWS & RESEARCH

Twitter is betting big on streamingBusiness Insider

The majority of links shared on social media aren’t actually read by sharers NY Daily News

Declinism is a trick of the mindThe Guardian

The Failure GenerationZenolytics

Pokemon Go’s mental health benefits are realengadget

Is there a future in armed police robots?Defense One

A feature on Under Armour CEO Kevin PlankBloomberg

The U.S. presses China to responsible after South Sea rulingBloomberg

98% of us don’t read terms of serviceEric Brown

 

Be sure to check back next weekend for another edition of Top Trading Links.  Thanks for reading!

 

Twitter: @ATMcharts

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.