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 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...
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...
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...
Going into 2018 everyone was bullish, including me. We were experiencing one of the longest bull markets ever, stocks had advanced strongly the year prior with hardly any volatility, and January didn’t disappoint with a parabolic move higher...
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. Even if it technically is not a duck – yet. The S&P 500 has not fallen 20% yet, so technically the current market correction can’t be defined as a...
Believe it or not, wood is a good economic indicator and thus has historically been pretty accurate at forecasting impending economic/stock market weakness. When the economy transitions from strength to weakness, one of the first industry groups to...
Spoiler Alert: It Ain’t Good! In my April 30, 2018 Newsletter – Waiting For A Breadth Thrust I talked about waiting for market breadth to display a bullish breadth thrust, to suggest that the market was on firm footing and we were still...
Now is the time to reevaluate your investment accounts! Market technicals continue to suggest that stock market risk is extremely elevated and the odds of further stock market declines are high. I explained how we are in the latter stages of the...
I decided to send out this concise market update today because market technicals in the stock and bond market have deteriorated significantly. I am not going to bore you with a lot of charts that highlight what I am looking at. I will save that for...
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