We are switching things up this month. We published a comprehensive market update last week so there is no need to repeat ourselves. So this month I briefly restate our current market thesis and spend most of the time explaining how we manage our...
Archive - 2019
Stock Market Walking a Tightrope
As I have mentioned in previous updates, I am bullish on the stock market. However, many of the long-term charts have been showing negative divergences that continue to build. These divergences can last for very long periods of time so they are not...
Market Still Bullish
Market Update The weight of the technical evidence remains bullish. Market breadth is still positive and the market (S&P 500 index) is trading above both it’s 200 and 50-day moving averages. The pullback in stocks that occurred last month...
Tweets, Tariffs and Technicals
Market Update The stock market has pulled back over the last month based on the realization that the trade war is not going to be ending any time soon. The effect of tariffs is that they provide an additional headwind for an economy that is...
Tariffs and a Stock Market Sell-Off
Trade wars are back in the news and the financial markets are worried about a breakdown in trade negotiations that could result in Trump raising tariffs on Chinese goods by the end of the week. As I mentioned in my May 2019 Newsletter, the stock...
Short and Long-Term Market Forecast
Market Update I would like to start our May newsletter with a brief explanation of how I analyze markets. Then share with you what that analysis is suggesting about the current market environment. If you are not interested in our process and just...
Stock Market Technicals Turn Short-Term Positive
In my ongoing effort to make my content more beneficial for clients and prospects, I have been using fewer charts and technical jargon in my monthly newsletters and updates. Instead, I am relying on more concise commentary to explain what is going...
Gaining Momentum
Market Update As I mentioned in my March newsletter, the stock market has churned sideways for the past 14 months. This sideways consolidation has been accompanied by some big moves both up and down, as you can see from the chart below. Global...
Market Ripe For a Short-Term Pullback
We did get a bullish breadth thrust with the advance off the December lows and this suggests that stocks should be bullish over the intermediate-term. Short-term breadth, however, is suggesting that the market is ripe for some type of near-term...
Sideways
Market Update Price Action – The S&P 500 Index (market proxy) The month of February saw stocks continue to advance. The move off the December lows has been impressive. However, if you zoom out and look at the market from a longer...