Our Current Market Outlook has been downgraded to “Market in a Correction” with a red light as of 10am on 09/15/23 (SPX 4,481.34). The rally in growth stocks and the general stock market indexes is still experiencing a profit taking correction. The recent rise in the US $ and interest rates has been derailing the tech trade. Climbing interest rates are a growing threat – watch the 10-year US T-note yield. The economy still faces a difficult environment due to a determined Fed and seasonal weakness.

Special Bulletin: September 15, 2023 (10am Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  Back to Red – Let’s Be Careful Out There Our Current Market Outlook has been immediately downgraded back to “Market in a Correction” with a red light as of 10am this morning (SPX 4,481.34). Our “Core Four” (see top of page) has 1 yellow and 3 red lights due to the major indexes slipping back under their 50-day mavs. The VIX is starting

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Special Bulletin: September 14, 2023

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  Lift Off… Until It’s Not? With today’s move by the major stock indexes back above their respective 50-day mavs at the close, our Current Market Outlook has been upgraded to “Uptrend Under Pressure” with a yellow light (SPX 4,505.10). Our “Core Four” (see top of page) now has 1 green, 1 yellow and 2 red lights. Interestingly, the VIX is still situated under

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Special Bulletin: September 12, 2023 (2pm Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  A Bad Apple The big boys and girls on Wall Street appear to be using today’s Apple hype as a source of strength to sell into, at least in tech land. After shooting back above the key 50-day mav’s on the Apple news just after 1pm ET, both the Nasdaq and the S&P 500 have since slipped back under them and on higher

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Special Bulletin: August 29, 2023 (10am Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  A Test of the 50-Day is Here The stock market has caught itself so far this week in response to Powell’s speech last Friday and in front of key economic data coming this Thursday & Friday. As of 10am, the SPX crossed over a key price level on higher volume which has caused our Current Market Outlook to be upgraded to a yellow

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Special Bulletin: August 24, 2023 (1:30pm Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  More Like a “Dead Cat” Bounce Well that was quick, and ugly. Some bounce, huh! Basically 3 days and 30 minutes of oversold buying and then a smack down. The major indexes have met enormous resistance at their overhead 50-day mav’s and have NOT bettered and held key price levels (see yesterday’s post). Nvidia’s numbers apparently are not enough to offset the fear

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Special Bulletin: August 23, 2023

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  The Bounce Has Begun! The expected bounce we wrote about last week is here. Whether it holds or not and leads to a resumption of an uptrend will largely be determined yet this week. Nvidia’s earnings release comes after the close today and then there is Powell… and his speech at Jackson Hole on Friday. With today’s price action, our Current Market Outlook has

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Special Bulletin: August 17, 2023 (10a Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  “Higher Rates? Head for the Gates!” We coined that expression just last week and it is already making its presence felt as selling pressures are growing, especially on the Nasdaq, due to higher rates. As a result, our Current Market Outlook has been downgraded to “Market in a Correction” with a red light as of 10am ET today (SPX @ 4,413.09). Our “Core

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Special Bulletin: August 10, 2023 (12p Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The “Not So Magnificent Seven” But “beware the tech behemoths!” We made that statement in our last post (July 19th) just as the Nasdaq was hitting highs for the year. The math of the market (as discerned by our proprietary “Core Four” daily market internals formula) warned us things were deteriorating and caused a downgrade to yellow (caution) in our “Current Market Outlook.”

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Special Bulletin: July 19, 2023 (12p Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Selling (Profit Taking) Beginning to Make Itself Felt With stealth selling starting to take place under the stock market’s surface (especially in Tech-land), our Current Market Outlook was downgraded to “Uptrend Under Pressure” with a yellow light as of noon today (SPX at 4,574.31). Our “Core Four” (see top of page) now has 2 green, 1 Yellow and 1 red light with a

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Special Bulletin: July 13, 2023

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Only Thing Hotter than Summer: Stocks? Our Current Market Outlook was upgraded to “Market in an Uptrend” with a green light at last night’s close (SPX at 4,472.16). Our “Core Four” (see top of page) now has 2 yellow and 2 green lights with a hibernating VIX. With the “dog days” of summer pressing in, the popular indexes are acting more like

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Special Bulletin: July 5, 2023

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Be Careful Out There Our Current Market Outlook has been downgraded to “Uptrend Under Pressure” with a yellow light as of today’s close (SPX at 4,446.82). Our “Core Four” (see top of page) still has 2 yellow and 2 green lights but with a bottoming VIX. Keep a sharp eye on the VIX in the days ahead as an important confirming signal. With

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Special Bulletin: June 27, 2023 (10:30am Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment God, Please Bless America… Again Our Current Market Outlook was upgraded to “Market in an Uptrend” with a green light at 10:30am today (SPX at 4,344.29). Our “Core Four” (see top of page) has 2 yellow and 2 green lights. The Fed’s pause in interest rate hikes earlier this month has fueled the recent rally in growth stocks and the general stock market

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Special Bulletin: June 14, 2023 (12pm Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment To Hike or to Delay the Hike… The stock market has enjoyed a smart rally over the past 2 weeks and as such has gotten ahead of itself, or what technicians say is now “extended” which means it is ripe for a sharp pullback – a profit taking phase. Going into today’s all-important Fed rate decision, our Current Market Outlook is being downgraded

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Special Bulletin: June 9, 2023 (10am Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment To SPX 4,300… and Beyond?  The uptrend continues. Since our C.M.O went green 2 weeks ago, the major indexes have pushed to new highs for the year and to index levels not seen since the summer of ’22. Our Current Market Outlook remains “Market in an Uptrend” with a green light (SPX at 4,313.97). Our “Core Four” (see top of page) has 2

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Special Bulletin: May 26, 2023 (10am Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment And it’s off to the Races Again  In the face of great uncertainty, big investment institutions are selectively putting massive amounts of capital back to work… and as such, our mathematical signal has improved and we must follow the markets lead. As of this morning, our Current Market Outlook has been upgraded to “Market in an Uptrend” with a green light (as of

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Special Bulletin: May 23, 2023

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Not So Fast  The stock market may be experiencing a “false start.” If you are familiar with track or swimming events, you know what that term means. As in the world of sports, where you get a second chance after committing a false start, the same is often true in the stock market. The push to 2023 new highs (aka. showing indication) on

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Special Bulletin: May 18, 2023 (2pm Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Don’t Look Now, but New Highs for 2023 The stock market is doing the unthinkable: it’s going up in the face of severe worries and persistent threats. As we have been stating in our past few posts, the market was showing remarkable resiliency in spite of serious “news” headwinds.  To make the point, we posted this just last week… “We get it. Some

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Special Bulletin: May 10, 2023

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Seriously Concerned, yet Properly Hopeful What if your favorite sports team went 2-14 in their last 16 games? That would stink. It might even test your patience as a fan. You would no doubt be concerned, but based on your years of loyalty you’d probably remain hopeful. If you’re a “bull” and a stock market fan that is one way of explaining what

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Special Bulletin: April 18, 2023

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Death and Taxes Happy tax filing deadline day! They used to say, “There are only 2 things certain in life; death and taxes.” While the odds are pretty good that we will all die (it’s a 1 out of 1 chance unless you were Elijah or Enoch), not every American pays taxes apparently, at least income taxes. I recently saw an article on

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Special Bulletin: March 28, 2023

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Is a Turn Near? As of the close, March 28th, with the SPX at 3,971.27, our signal was upgraded to a yellow light. The subtle (under the surface) improvements in the market’s technical indicators have moved our C.M.O. to an improved condition. Our Current Market Outlook has been upgraded to “Uptrend Under Pressure” with a yellow light. Our “Core Four” (see top of

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Special Bulletin: March 21, 2023

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Can We Just Call it Orange? Too bad traffic lights don’t have orange in their sequence. The natural outcome of blending red and yellow is, of course, orange. And that is theoretically where our C.M.O. finds itself as of today’s close. Currently red but so close to going yellow! If I hear another person say that tomorrow’s Fed rate decision is probably the

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Special Bulletin: March 9, 2023 (12p Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Financials: A Harbinger of Things to Come? Last Friday we posited that stocks generally don’t go higher as rates rise when we wrote, “Higher interest rates and a rising stock market generally don’t go together, at least not for long. Remember the old adage “When rates are high stocks will die; when rates are low stocks will grow” in our last post? No

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Special Bulletin: March 3, 2023 (10:21am Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment “If the Market Doesn’t Do what it is Supposed to Do…” Our team often uses one of our very own market axioms, “If the market doesn’t do what it is supposed to do, it ain’t gonna.” Simply stated, we take historical outcomes and compare them to current technical & fundamental conditions to develop a mathematical set of expectations for each day – the

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Special Bulletin: March 1, 2023 (10am Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Moment of Truth, Again The moment of truth for the bulls has arrived. A significant move from here is likely in short order. “Up or down?” you ask. We will soon find out. The math of the market has been pushed to the brink with this morning’s action. This is where the institutions execute their real intentions. If indeed the market is

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Special Bulletin: Feb 16, 2023

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Marna and the “Big Short?” That title sounds like a children’s book, doesn’t it? But it’s anything but that. Today’s post is more of a sector analysis than a general market condition bulletin. Although, they are tied together somewhat. The healthcare sector looks sick. (Isn’t that ironic?) By that we mean the stocks in the health care group overall are trading in a

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Special Bulletin: Feb 9, 2023 (2pm Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment …And Back to Yellow We Go Our Current Market Outlook has been downgraded to “Uptrend Under Pressure” with a yellow light as of 2pm today with the S&P500 at 4,104.18. Our “Core Four” (see top of page) sports 2 green and 2 yellow lights with a rising VIX. Two days ago we asked, “Can a strong uptrend and a constrictive Fed coexist for

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Special Bulletin: Feb 7, 2023 (2pm Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Trend is Your Friend, and so is the Fed? The stock market is doing its best to act like a Weeble… it may wobble but it won’t fall down! The underlying character (tone) of the market changed for the better on January 6th and has persisted in its advance. Many are asking “Why are stocks going up?” in the face of a

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Special Bulletin: Jan 27, 2023

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Seeking Shelter Before a Storm? Today’s action looked like a stalling day on the S&P500. Noting that and the overhead resistance at the 4,100 level, the market looks extended on the short-term and a bit overbought. Our Current Market Outlook has been downgraded to “Uptrend Under Pressure” with a yellow light as of the close today with the S&P500 at 4,070.56. Our “Core

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Special Bulletin: Jan 20, 2023 (1pm Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A “Positive Double Cross” Moves Market to Green The recent rally phase that was confirmed on the 6th is continuing. Today’s strong move back above both short-term key moving averages (aka: positive double cross) on the S&P500 has changed our Current Market Outlook for the better. Only a nasty reversal in the last hour could negate this upgrade. We expect a strong close

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Special Bulletin: Jan 19, 2023 (10am Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Not So Fast The recent rally phase that was confirmed on the 6th is being tested this morning. With yesterday’s poor action and this morning gap down at the open below key moving averages, our Current Market Outlook has changed. Our Current Market Outlook has been downgraded to “Uptrend Under Pressure” with a yellow light as of 10am this morning with the S&P500

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Special Bulletin: Jan 12, 2023 (10am Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Up, Up, and Away? The recent rally phase that was confirmed on the 6th is continuing. The action in the stock market’s internals has improved to the point of an upgrade in our Current Market Outlook to a green condition. While this is good news for the bulls/long-term investors and needs to be considered, the signal is early (that’s one of the things

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Special Bulletin: Jan 6, 2023 (1:30pm Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment To Quote Buzz Lightyear, “Can!” Happy “follow-through” day? It is too early to tell yet (as of 1:30p) but the stock market has a great start to the day and may confirm at the close that a new rally phase has emerged today. And not a moment too soon! Yesterday we wrote, “As this post’s title states, it is “do or dive” time

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Special Bulletin: Jan 5, 2023 (10am Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment It’s “Do or Dive” for the Stock Market Happy New Year! And good riddance to 2022. Our prayer for you and yours is that you are in good health; emotionally, physically, spiritually, financially and relationally; and that you are remaining optimistic about the future! Proverbs 24:14 says, “Know that wisdom is thus for your soul; if you find it, then there will be

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Special Bulletin: Dec 22, 2022 (9:35am Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Not Asleep Just Yet, the Bears Strike Back Today’s opening action is an expectation breaker. The failure of the S&P 500 to hold its 50-day mav and a simultaneous undercutting of its low of yesterday has caused our Current Market Outlook to flip back to a red signal. As of 9:35am (SPX @ 3,834.69) our Current Market Outlook was downgraded to “Market in

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Special Bulletin: Dec 21, 2022 (9:30am Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Hibernation Day? Time for a Year-End Rally While today is the official first day of winter and many of us are bracing for an artic blast named Elliott, the stock market ironically is hot this morning. Are the financial “bears” about to hibernate? A few secondary technical indicators improved with yesterday’s action, and today’s upward opening is further confirmation. As a result, at

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Special Bulletin: Dec 16, 2022 (9:30am Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Selling Grows to Adjust for a New Terminal Rate As of this morning’s open (SPX @ 3,870.74) Our Current Market Outlook was downgraded to “Market in Correction” with a red light. Currently our “Core Four” (see top of page) has 2 yellow and 2 red lights. The market has made a beeline to the 50-day moving averages. The Nasdaq failed to hold

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Special Bulletin: Dec 5, 2022 (11:30am Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Failure at the “200-day”… Again? The year-end cross currents continue. Our Current Market Outlook is being downgraded quickly again to “Uptrend Under pressure” with a yellow light (SPX @ 4,026.54) as of 11:30am this morning. Currently our “Core Four” (see top of page) has 3 green and 1 red light. A whipsawing market is taking shape. A key test of the S&P

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Special Bulletin: Nov 30, 2022 (2pm Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A “Tailwind” From a “Fed Win” Fed Chair Powell has ignited a “risk-on” rally in his post-lunch speech just now. Our Current Market Outlook is being upgraded to “Market in Confirmed Uptrend” with a green light (SPX @ 4,006.77) as of 2pm today. Currently our “Core Four” (see top of page) has 3 green and 1 red light. Two days ago we wrote,

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Special Bulletin: Nov 28, 2022 (1pm Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Serious Crossroad Our Current Market Outlook was downgraded to “Uptrend Under Pressure” with a yellow light (SPX @ 3,981.05) at 1pm today. Currently our “Core Four” (see top of page) has 2 green, 1 yellow and 1 red light. The major indexes recent bull phase, while still intact, is coming under measurable internal pressure. This time of year can experience various types

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Special Bulletin: Nov 10, 2022 (9:30am Update)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Higher Low IS In! (Yay!) As of 9:30am today our Current Market Outlook was upgraded to “Market in Confirmed Uptrend” with a green light (SPX @ 3,882.11) as the S&P 500 gapped up mightily above its 21 and 50-day moving averages (mav’s) at the open, and in the process created another “positive double cross” bullish pattern. Currently our “Core Four” (see top

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Outlook Archive