Stock Market Update Bias: Neutral for Stocks – The stock market is at a major inflection point · I have been bullish since the early part of 2015 when stocks emerged out of a mini-bear market. However, over the past month, I have...
Category - Weekly Stock Market Update
New and Improved – May 7, 2018
In my ongoing quest to improve my newsletter, I am changing the format. Instead of going out weekly, it will be sent monthly, on the first Monday of each month. Also, I will provide more content that will be of greater value. I welcome you to email...
Waiting For a Breadth Thrust – April 30, 2018
Stock Market Update Bottom line, the stock market is in a long-term uptrend; however, over the past 3 months, it has been stuck in a consolidation pattern. I am seeing a pennant pattern (which is a type of consolidation pattern) in many broad...
Concise Update – April 23, 2018
Stock Market Update I am not publishing a comprehensive newsletter this week in that I am currently at an industry conference; however, my bullish view on the market has not changed and is summarized below. The Bottom Line Bias: Positive for Stocks...
Bullish Momentum – April 17, 2018
Stock Market Update The support that I indicated was so important in my last few newsletters has held, as we expected, which adds fuel for a bullish resolution to the short-term correction that we have been in since the beginning of February. This...
Inflection Point – April 9, 2018
Stock Market Update Two weeks ago I wrote about how market technicals were suggesting internal strength and thus the market was likely to continue its uptrend once we exited the current short-term correction phase that we are in. Last week I wrote...
Not Out of The Woods Yet – April 2, 2018
Stock Market Update Short-term, the market is in correction mode. The big questions are: is this merely a short-term correction within a longer-term bull market or is this something more ominous – the stock market entering a longer-term period...
Ebooks/New Web Page/Trendlines – March 26, 2018
New Web Page I have consolidated our blog and web page into one comprehensive site. My most recent newsletters have not been added yet, but that will be done this week. Please feel free to check it out: Stock Market Update As I mentioned in a...
One Down Day Does Not Change The Long-Term Trend – March 19, 2018
The S&P 500 fell 1.42% today but that does not change the long-term trend of the market. From a very basic perspective, price has moved from the bottom left of the chart below to the top right. That is because price is trending higher. Investors...
Stock Market Update – March 12, 2018
The S&P 500 rebounded last week advancing 3.5%. The move allowed the market to put in a short-term higher-low and price is now back above its 50-day moving average. For the current year, the S&P 500 is up a little over 4%. On a long...