Year: 2017

Our Current Market Outlook remains “Market in a Confirmed Uptrend”. The stock market will likely use this historically quiet week as a pause to refresh in the middle of this “Tax-Cut rally”. With the prices of oil & copper hitting their highest levels in a year or more, and the possibility of a big infrastructure bill coming in January, it’s easy to make a bullish case for the economy and the stock market. However, the markets often

Our Current Market Outlook has changed to a green light with the “Market in a Confirmed Uptrend.” With the major indexes hitting all-time highs and volume trends confirming institutional accumulation of equities, our light has returned to “green”. Late last week both the House & the Senate voted to move the tax reform package to the next level. This positive development has spurred a new round of buying, especially in “growth” stocks. While a couple of technical

Our Current Market Outlook has changed to a yellow light with the “Uptrend Under Pressure” based on 4 Distribution Days (professional selling) on the Nasdaq in the past 7 trading sessions, and a new first-stage, technical “sell” signal flashing today. (We utilize a propitiatory “sell” signal system which features three-stages of increasing risk) After the markets close today, a few technology titans (Amazon, Google- aka Alphabet, Microsoft, etc.) released earnings news that was received well by Wall Street

Our Current Market Outlook continues as “Market in a Confirmed Uptrend” and our light has changed to “green” as a result of a significant reduction in the number of Distribution Days and continued all-time highs in good volume. The stock market continues to trade up on the expectation of tax reform and repatriation. Investors are seeing the Federal Reserve interest hikes as a sign of a strengthening economy and are discounting the possibility of a recession any

New All-Time price highs on increased volume in the major stock market indexes continue to reward investors as a result of renewed hope in an upcoming tax cut for corporations & individuals. Friday, being the end of a performance measurement quarter, showed the expected increase in demand for shares in all types of industries as many portfolio managers/investors scrambled to have their own year-to-date gains catch up and assertively invested capital that was sitting “on

Before going into this update, all of us at Triumphant want to share our deep concern for the families who have been so horribly impacted by hurricanes Harvey & Irma. We have many family members, friends & clients living in the affected areas and we share in their suffering. Please know we continue to pray for you and for your loved ones. We pray for the safety and health of the caregivers, workers & volunteers as well.

The markets internals have improved based on this weeks price & volume action. As a result, our Current Market Outlook has been upgraded, but since not all of our technical indicators have improved yet, our signal has changed to a “yellow” light. Currently, only a first stage sell signal remains in place out of a possible 3 stages of sell signals. The North Korean missile news was well contained by the markets on Tuesday and

Japanese news agencies have confirmed & announced that North Korea has launched a missile that apparently flew over the island of Japan. Fortunately, the missile broke into pieces and fell into the ocean with no casualties having been reported. With this news the markets are trading down in this evenings “night” session with the Dow currently -100.  It is way too early to tell what to expect in the morning. Perhaps, & hopefully, calm heads

The stock market sold off hard today on an increase in trading volume and in the process sliced through key price support levels. Our official outlook has changed to a “red” light. The market is still in the 2nd stage of a possible 3 stage “sell” signal with only a major long-term uptrend line still offering hope for the bulls. However, due to the continued weakening of certain internal technical indicators and the growing amount of professional

Good news & bad news. While Mondays action was productive overall, our Current Market Outlook remains unchanged. The Good news: the markets advanced today and relieved some of the current technical pressure weighing on the indexes. Two notable bright spots were the meaningful opening price “gap ups” and the closes over key moving averages by the Nasdaq & the S&P 500 indexes. The Bad news: the volume of shares traded today on both of those