Michael Reilly, CFP ®

Dad, coach, .Decoder of markets. Founder of Asset Wise Analytics

[Michael Reilly, CFP ® @Reilly22M]

@sam_gatlin We’re not in Kansas anymore..

[Michael Reilly, CFP ® @Reilly22M]

@chigrl What could possibly go wrong 🤨

[Michael Reilly, CFP ® @Reilly22M]

@sam_gatlin 😆

[Michael Reilly, CFP ® @Reilly22M]

@JasonP138 Nice. I see what you did there 😎

[Michael Reilly, CFP ® @Reilly22M]

@DKellerCMT With A/D lines failing to make new highs. Do stocks catch down or breadth catch up?

[Michael Reilly, CFP ® @Reilly22M]

While the S&P500 index sits at new ATH only 2 of the 11 cap-weighted sectors saw positive returns Monday (XLK,XLE).
With less than 6% of S&P members making either ATH or 52wk highs. (data avail at stockcharts)
Not the kind of breadth measures we'd expect to see in healthy bull markets.
Does breadth catch up or does price catch down?

[Michael Reilly, CFP ® @Reilly22M]

@JC_ParetsX Outside of small-caps we haven't seen new highs in A/D line since mid April..... Thoughts/Implications?

[Michael Reilly, CFP ® @Reilly22M]

@SeanHasOptions How'd that work out for them ...

[Michael Reilly, CFP ® @Reilly22M]

@nullcharts Great illustration of relationship and implications. Well done Ric 🙌

[Michael Reilly, CFP ® @Reilly22M]

@TheChartReport @alphacharts interested to see if todays move above AVWAP from recent high will lead to move back above prior support.

[Michael Reilly, CFP ® @Reilly22M]

@sam_gatlin 👀

[Michael Reilly, CFP ® @Reilly22M]

@JC_ParetsX @NEIDERMYR 🤣

[Michael Reilly, CFP ® @Reilly22M]

@FrankCappelleri BINGO!

[Michael Reilly, CFP ® @Reilly22M]

@JayWoods3 nothing beats a good morning star candlestick pattern

[Michael Reilly, CFP ® @Reilly22M]

@AyeshaTariq @Mayhem4Markets 😆

[Michael Reilly, CFP ® @Reilly22M]

@nullcharts @virtus Great chart and analysis Ric..

[Michael Reilly, CFP ® @Reilly22M]

@AlmanacTrader @RyanDetrick Inside information

[Michael Reilly, CFP ® @Reilly22M]

@AyeshaTariq I don't believe enough people understand the long term damage done to energy infrastructure in the region. There is no quick fix and the true global impact has yet to be seen.

[Michael Reilly, CFP ® @Reilly22M]

Sharing this chart from Markets and Mayhem - a lot of investors seem to think the party is over for Oil & Gas. that might be a wee bit shortsighted....

[Markets & Mayhem @Mayhem4Markets]

There's actual panic selling in $XLE.

The ETF just saw its worst outflows in 14 years yesterday

I think the better play in the energy space is long $OIH.

The ETF is experiencing a multi-year breakout from a range with powerful upside potential.

Chart via JP Morgan

[Michael Reilly, CFP ® @Reilly22M]

@andrewrsorkin Nice segue! Even a better read 👍