Yahoo Finance

Last week was tough for stocks -- and we now enter the biggest weeks of the second-quarter earnings season, with plenty of major earnings report for the market to digest. On the economic front, it will be relatively quiet -- but we do get updates on GDP on Thursday and on PCE on Friday. The major indices have worked off extreme overbought conditions on the daily charts, and quickly. But the daily uptrends in the 14-day relative strength index and the daily moving-average convergence/divergence have been broken. In addition, weekly momentum is still elevated and we did see a bearish divergence at the weekly closing high on July 12 versus the closing high from late March. The S&P 500 broke its 21-day exponential for the first time since early April, but its uptrend off the lows since early May remains intact. The 21-day rate of change is close to going bearish, as is the daily vortex indicator. Minor trendline support next week is at 5,480, the rising 50-day is at 5,420 (extending into next week), and chart support lies between 5,225 and 5,310. These levels also are associated with 50% and 61.8% retracements of the rally since mid-April. The more worrisome condition exists with the high-beta indices like the Nasdaq 100 (QQQ). It has broken an uptrend off the lows since early May, the 21-day rate of change is in negative territory, there have been multiple days of distributive action, the 5/13 exponential crossover is bearish, and price is sitting on the prior low from June 24 near $474. In addition, the biggest QQQ issues either are close to breaking or have already broken below their 50-day averages. (Mark Arbeter, CMT)

PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.

Rapidly rising inflation in 2022 knocked stocks into a bear market. While growth strategies suffered the most, value strategies also declined. Even bond prices were lower that year. Stocks have recovered and a new bull market has started, but gains have been largely driven by only a handful of high-tech companies. Inflation remains an issue and the Federal Reserve has yet to lower rates. Is a recession in the offing? With all the uncertainty, what's a potential equity strategy for investors amid all the uncertainty? Argus believes that Min Vol is an all-weather strategy that is timely in any investing climate. Academic literature and, more to the point, returns history, indicate that Min Vol can deliver market-matching returns on an absolute basis and superior returns on a risk-adjusted basis over various time periods.

Rapidly rising inflation in 2022 knocked stocks into a bear market. While growth strategies suffered the most, value strategies also declined. Even bond prices were lower that year. Stocks have recovered and a new bull market has started, but gains have been largely driven by only a handful of high-tech companies. Inflation remains an issue and the Federal Reserve has yet to lower rates. Is a recession in the offing? With all the uncertainty, what's a potential equity strategy for investors amid all the uncertainty? Argus believes that Min Vol is an all-weather strategy that is timely in any investing climate. Academic literature and, more to the point, returns history, indicate that Min Vol can deliver market-matching returns on an absolute basis and superior returns on a risk-adjusted basis over various time periods.