Year: 2017

While the Nasdaq has boldly charged ahead to All-Time highs, the S&P 500 has barely “inched” out its own new highs and has basically traded sideways for over 3 weeks. The blue-chip indexes have yet to pick a decisive direction in spite of all the “media noise” of new highs. This type of action is setting up a POSSIBLE DIVERGENCE THAT NEEDS TO BE RECTIFIED QUICKLY in order to avoid creating a topping pattern. The S&P

The market passed 2 important tests this week as it continues to race to all-time highs. The Fed announcement and the health care vote in the House provided a potential slippery surface for investors, but the major indexes prevailed. As investors eye the prize of record new highs, all that stands in their way of crossing that finish line is the election in France tomorrow. When taking a look at the charts of the major indexes, one sees

Great news for investors came last week as the main indexes did NOT suffer any new Distribution Days (professional selling) in the first 3 days after the market resumed its uptrend on Monday. Brace yourselves for an action packed week! Today the SP500 & Nasdaq gained ground as the “first day of the month” new inestment inflows supported stocks along with the news that the US Government avoided a shut-down over the weekend. It was postponed

Investors received their catalyst! Merci beaucoup! The major market indexes rose 1.1% or more on increased volume today in reaction to a “market-friendly” vote in France on Sunday and talk from the Trump team about a plan for US corporate tax rate reductions. This gap-up move over important support levels on higher volume has caused our official outlook to change to Market in Confirmed Uptrend. Investors need to stay alert as risk levels remain elevated. The next three days will be an

As investors await a series of upcoming announcements from President Trump and the GOP regarding taxes, healthcare & infrastructure spending, as well as focus on the results of the French election, conditions for making money in the stock market remain sloppy and at an elevated level of risk. Key support levels continued to be tested and experienced minor price violations this past week. Each day that passes brings us a step closer to a resolution

Important test of key support levels continues. The S&P 500 is under a major level, however the NASDAQ is holding above its similar level. The S&P 500 experienced distribution again today, but the NASDAQ narrowly avoided a day of professional selling. It remains prudent to keep risk exposure reduced. Investors still need a meaningful catalyst to drive prices higher. The market needs an up move ASAP or sellers will overwhelm buyers soon. Two things to

The markets are at critical support levels and are at the flash point as of today’s close. Tomorrows earnings releases by many financial companies (especially JP Morgan & Citigroup) will have a significant impact on the direction of the major indexes and the overall market in the weeks ahead. Distribution days (DD) have stayed persistently high and twice this week an older DD dropped off of the count only to be replaced on the same

Many cross currents are affecting the markets right now. With the House’s failure to vote on a repeal of ACA (bad), “window dressing” by managers at the end of the first quarter (mixed), new month capital inflows (good), trade war talk (bad), and 1st quarter earnings season ramping up in 2 weeks (mixed), it’s no wonder investors have been concerned and undecided. Yet, with most of the major market indexes still trading above “key” technical

Our Current Market Outlook has changed to “Uptrend Under Pressure”. This signal tells growth investors that the current stock market environment is experiencing price weakness on higher volume and that investors need to be alert to the risk of further price deterioration in the near future before they deploy additional capital. Keep in mind the markets meaningful advance since the election has lifted the markets reasonably above “key” technical support levels and that any weakness could

Today the markets gave back very little of yesterday’s strong gain. Volume was light, which is exactly what growth investors want to see on a down day. Distribution in the market (selling by professionals) remains at a tolerable level. On Wednesday, the Federal Reserve Board raised interest rates by 0.25%, as was expected. Currently, the market is willing to accept a few interest rate hikes in 2017 without going into a meltdown mode. With the