Separating Pretenders from the Contenders
Greetings from 34,000 feet as I head to CO for the weekend with my wife and some friends. Of course, they’re all her friends because who would really want to hang out with me?!?! As is typical when I...
View ArticleOn the Way to Dow 20K
With the short-term volatility over the past few weeks, this is no clear trend to take advantage of post today’s employment report. By that, I mean, our short-term trading system specifically created...
View ArticleLike a Broken Record
I read a stat last night that said only 1% of Americans hold off taking social security until 70. That low number really surprised me as it means 99% of Americans do not get the maximum amount of...
View ArticleAnd NOW They Want to Buy?
Although fresh all-time highs are making headlines, making it seem like there’s a lot of action, the past week has been fairly quiet for stocks. On the surface, it looks like the first leg of the...
View ArticleFOX Business TODAY & Dow 20K
I am going to be on Fox Business’ The Intelligence Report with Trish Regan today (Friday) at 2:50 pm edt discussing my forecast for stocks and the markets, especially with the Fed set to meet next...
View ArticleStocks Coiled Up for a Move
Good Monday Morning! If you looked for me on FOX Business last Friday, I wasn’t there as the attack in Germany meant more geopolitical news and less market discussion. My segment was rescheduled for...
View ArticleCareful Getting too Negative
Last week, I wrote about stocks being “coiled” up and ready for a big move. I also warned that many times, we see a fake in the opposite direction of the trend that shakes weak investors out, only to...
View ArticleIs THIS the Week When the Sky Falls?
Roughly one month ago, after an historic lift off post BREXIT, stocks had become overbought which is a technical term for a little too far too fast. Most pundits in the media were calling for a...
View ArticleSell Signal Closed Out. New Leadership Emerged
Today is the last day of the month as well as the last day of the quarter. The S&P 500 closed down -0.12% in August and is on track to close down in September unless the bulls can mount a major...
View ArticleCanaries in the Coal Mine Part I – The Major Indices
For the past month, four of the five major indices have been in pullback mode after three of the five spent the previous month digesting gains from the huge post-BREXIT rally. While that theme...
View ArticlePullback Mode Remains the Short-Term Theme
My general theme of pullback mode for stocks continues in all of the major indices except for the NASDAQ 100. Gold and silver have been a more exciting story, but they, too, have paused since I wrote...
View ArticleCanaries in the Coal Mine Part II – The Key Sectors
Moving to the four key stock market sectors from the indices I don’t see as strong a sign, but it’s definitely not a weak one yet. The bellwether for technology, semiconductors, is first and you can...
View ArticleA Little More Concern Creeps In
At least we had one day where stocks closed firmly! As has been the case for more than a week, but really over the past month, sellers continue to snuff rallies that begin the morning. The bears say...
View ArticleKey Sectors Holding Up Otherwise Weak Market
Last week, I voiced a little more concern about the stock market as the S&P 400 and Russell 2000 broke to the downside from their trading ranges. So far, they haven’t been able to regain previous...
View Article8 Straight Down Days – Quiet Bear Market?
The S&P 500 is now down 8 straight days. Pundit chatter in the media and on Twitter has been fairly negative. Option traders are bearish. The volatility index is up almost 100% since September....
View ArticleTime to Buy or Wait
After 9 straight down days and a little help from the FBI, the stock market looks to soar higher at the opening on the increased likelihood of a Clinton victory on Election Day. While I completely...
View ArticleThe Path to 270 & Stock Market Reaction
Don’t forget to vote! Thanks to NBC, ABC and FOX in Connecticut for having me on regarding the election. Each segment was very different and offered new information. The first two interviews are below...
View ArticleThree Scenarios to Year-End
On the surface, you would think that the past nine days were nine easy days for the bulls. After all, the Dow was up more than 5%. What could be bad? Beneath the surface, there was much wrong with the...
View ArticleBulls Not Done
The bulls came back from the weekend in a good mood as stocks are rallying into lunch on Monday. While banks are taking a little breather, commodity-related sectors are leading with energy, metals...
View ArticleSeasonals Favor Bulls into Weekend
Today and Friday are well known and widely followed seasonally strong days for stocks. That doesn’t mean we should just blindly buy and hope things work out. Stocks have been almost straight up since...
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