Year: 2018

Fueled by great first quarter earnings releases from Mega-cap tech names and other large companies on Thursday, the stock market took a good step towards reviving its fledgling recent rally attempt. After the close of the market, several large companies (technology giants, in particular) released earnings that were also received well by investors and as a result sent the Nasdaq futures soaring overnight. This bodes well for the markets action coming on Friday (27th) and may prove

The major stock market indexes failed to cross over key price resistance levels (50 day moving averages) and then staged negative price reversals today. As a result, our Current Market Outlook remains “Uptrend Under Pressure” with a “yellow” light. While the days action was disappointing for the bulls, there was a silver lining; the sell-off came in lower trading volume lessening the sting of the decline. Recent technical action has been encouraging as Tuesday action marked a

With one of the biggest single-day point advances ever in the history of the Dow Jones Industrial average, an investor might think the market is back on track. While that may prove to be the case over the next several days, it is not there yet. One hardy day of gains is not enough to repair the significant damage done to the stock market last week. Seasoned market pros know that today’s rally may be the start of something

The stock market remains in a stance of “Uptrend Under Pressure”. With all this talk about March Madness an investor might have thought you were referring to the stock market. Over the past three weeks the market has moved back & forth between being under our proprietary first stage sell-signal, and then falling back into our 2nd stage sell-signal, which is where it stands today. While the market has generally been rising since the Feb 9th low, the

This week the stock market has staged a brilliant rebound from last weeks significant declines, and as a result our Current Market Outlook has been upgraded to “Uptrend Under Pressure” with a “yellow” light. The market is currently still under a 2nd stage sell-signal based on our proprietary three stage sell-signal process. There are two important technical hurdles yet to clear in order to return to an all clear green light. One indicator will be confirmed over the next

The stock market sold off hard again today on increased trading volume and failed to get back up through key price support levels. In the process it triggered the 3rd stage of our 3 stage “sell-signal”. Due to the continued weakening of certain internal technical indicators and the growing amount of professional selling (Distribution Days), our official outlook has changed to “Market in a Correction” and our light is “red”. As of todays close, the decline from

Based on the action of last Friday and today, our proprietary risk management discipline has flashed a 2nd stage “sell signal” and is very close to changing to a “red” light (a 3rd stage sell-signal). Our equity strategies are holding up well relative to the market due to recent proactive moves made by us for our clients to increase the cash levels and/or employ a portion of capital into inverse (hedge) ETF’s. (See 01/18/18 &

This week our Current Market Outlook has changed to “Uptrend Under Pressure“. This change in outlook is due to the continued erosion of several technical indicators, along with an increasing number of Distribution Days (days of professional selling) over the past week. As noted in this column several days ago, our proprietary internal indicators were already beginning to signal a change in the markets tone. That developing weakness was highlighted by this past Tuesdays nearly 400 point

The stock market suffered technical damage today via professional selling known as “Distribution”. The number of recent Distribution Days in the market is still relatively light. However, today’s higher volume selling, coupled with an expansion in the number of stocks hitting new 52-week lows, has caused our Current Market Outlook to be on the verge of changing to “Uptrend Under Pressure”. As mentioned in our bulletin from 01/18/18 (see below), the market did end up flashing an internal-indicator driven,

Our Current Market Outlook remains “Market in a Confirmed Uptrend”.  Welcome DOW 26,000! With one of the best starts to a new year ever, major US stock market indexes continue to hit all-time highs. To some investors it has been breathtaking. To others observers it has been a source of frustration and confusion. To us it has been business as usual and a fulfillment of what we were expecting after the Aug-Sept 2017 weak period in the stock market