Market Summary This month’s market update is going to be concise because I believe the most important clue to the market’s future direction is the price action of the major indexes. Below is a daily chart of the S&P 500 (our market...
Category - Monthly Newsletter
Stock Market and Account Update – June 1, 2020
Market Summary Market technicals have improved substantially over the past month. The S&P 500 has advanced above a major area of resistance and it’s 200-day moving average. This combined with much-improved market technicals suggests that...
Stock Market and Account Update – May 4, 2020
Market Summary I am going to try something new this month and make the written part of this month’s update more of a summary. And for those of you who want to view some of the charts that have shaped our analysis, you can view the video link...
Stock Market and Account Update – March 1, 2020
The Long and the Short of It The S&P has fallen 12.7 % over the past 7 trading days and is down 8.5% year-to-date. The past week is a good example of how the broad stock market can fall a lot faster than it rises. The recent market...
Stock Market and Account Update – February 3, 2020
Economic Head Fake Bond Yield and Commodity Breakout Fails In last month’s newsletter, I highlighted two main points. One, the market was in an uptrend; however, overbought and due for some type of pullback/correction. Two, commodities and...
Stock Market and Account Update – January 6, 2020
Long-Term Stock Market Summary Below is a monthly chart of the S&P 500 Index (middle panel) going back over 20 years. In the top panel is the momentum indicator RSI and in the lower panel is the Percentage Price Oscillator (PPO) which is another...
Stocks Break Out and Internals Suggest Caution
Long-Term Stock Market Summary On October 28, 2019, the S&P 500 advanced to new all-time highs and above an area of major resistance. This is bullish price action. Prior to that break to new highs, the stock market had been volatile and...
Divergences Persist
Stock Market Indexes The S&P 500 Index is in an uptrend as defined by a series of higher-highs and higher-lows. Today’s close puts the index slightly above the notated uptrend line and at an all-time high. Over the past two years, each...
Market Sitting Precariously on a Ledge
I publish our comprehensive monthly market update on the first Monday of each month. In last month’s update I highlighted the reasons for my bearish market thesis which I base on many longer-term negative divergences that continue to build...
House of Cards
I began to turn bearish the broad stock market June 2019 as noted in our June 24, 2019 Market Update: Stock Market Walking a Tightrope. The stock market is still technically in an uptrend that started in January 2019; however, that doesn’t...