Category - Market/Account Updates

Market/Account Updates Weekly Stock Market Update

Churning

Churning Stocks have been churning sideways for the past couple of weeks. This is one way for stocks to work off the intermediate term overbought condition that is the result of the strong advance off the Mid-February low. The other way for stocks...

Market/Account Updates Weekly Stock Market Update

Breather

Breather Stocks are still in an uptrend that started in mid-February. While this seven-week rally has been strong, over the longer term stocks are where they were 16 months ago. See chart below. Market breadth has begun to level off, stocks are...

Market/Account Updates Weekly Stock Market Update

Rollover

Rollover The NYSE Composite Index (chart below) seems to be losing momentum right at its 200-day moving average. Also, the momentum indicators below the chart are starting to rollover. All breadth indicators shown below have either flattened out or...

Market/Account Updates Weekly Stock Market Update

Four In A Row

Four In A Row Stocks advanced again this past week making it four weeks in a row of positive returns. This advance has been strong, but it is still not clear if the recent rally in stocks is the beginning of a new long-term uptrend or just a counter...

Market/Account Updates Weekly Stock Market Update

Three In A Row

Three In A Row Stocks advanced strongly this past week and have now been up for the past 3 weeks. This advance has brought stocks up to some very important resistance areas. The NYSE Composite Index has reached previous lows and is sitting right...

Market/Account Updates Weekly Stock Market Update

Rough Seas Ahead

Rough Seas Ahead Stocks advanced again this past week and are in a short-term uptrend. The advance over the past two weeks has taken most stock market indexes back up to recent highs and this will act as resistance this coming week. Even with this...

Market/Account Updates Weekly Stock Market Update

Deflated

Deflated Bounce Deflated Bounce In last week’s newsletter I wrote about how stocks had become oversold and market breadth had turned positive, which signaled a potential bounce was likely. The bounce we got was anemic. Instead of bouncing...

Market/Account Updates Weekly Stock Market Update

Sweet Spot

BUY SIGNAL After meandering sideways for most of the week, stocks finally shot up on Friday to close above the high of the previous week. In addition, Breadth Indicators (see chart below) are now all positive. The Summation Index turned up from very...

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