A Long-Term View of the Market Technically, not much has changed over the past month. In our May Market Update, I wrote about how long-term the market is extended and short-term it’s consolidating. That is still the case. Below is a long-term...
Category - Monthly Newsletter
Stock Market and Account Update
Long-term, the stock market is in an uptrend but extended as noted in the chart below which goes back to 2008. Note how every major pullback has occurred when the index has reached the top of its up-trending channel. I have notated these tops with a...
Stock Market and Account Update
Stock market conditions are generally positive; however, not all indexes/sectors/industry groups are going up in unison. Below is a year-to-date chart of the S&P 500 and despite a couple of large drops, this index is in a confirmed uptrend. The...
Stock Market and Account Update
In our last two newsletters, I highlighted how I felt the weight of the technical evidence was suggesting that market risk was elevated; however, the trend of major market indexes was up. A month has past and this is still the case. What does this...
Stock Market and Account Update
In last months newsletter I wrote: “Long-term the market continues to look bullish. However, market internals are suggesting that the odds of short-term weakness are increasing.” Long-term, the market is still in an uptrend. In the chart...
Stock Market and Account Update
A Comparison to Last Year At the beginning of last year, the stock market was advancing to new all-time highs just like it is doing currently. The difference this year is that market internals are positive and support a bullish market bias. Last...
Stock Market and Account Update
When I published last month’s newsletter the stock market was pulling back prior to the election. The S&P 500 fell about 7.5% peak-to-trough in October. In that update, I wrote that the weight of the technical evidence was suggesting that...
Stock Market and Account Update
The market has experienced some weakness over the past couple of weeks but not enough to change the primary uptrend that began at the March lows. Below is a chart of the S&P 500 and price is sitting slightly above support. If the index drops...
Stock Market and Account Update
Stock Market Update The stock market is experiencing a short-term pullback within a longer-term uptrend. I wrote about this dynamic in my last update: Is There Any More Pull To The Pullback In Stocks. Long-term the market continues to look bullish...
Stock Market and Account Update – September 7, 2020
Stock Market Update The market closed out last week with an increase in volatility that saw stocks fall dramatically. Over two days the Nasdaq 100 fell 6.4% and the S&P 500 dropped 4.3%. This type of market drop might lead you to wonder if last...