Year: 2019

As 2 of the 3 major stock market indexes plow into all-time high price territory, our Current Market Outlook remains “Market in an Uptrend” and our light is “green“. Currently, each of our “core 4” internal indicators are green. Our regular readers know that our signal turned bullish (green) on January 17th and has stayed there since. This once again proves the internal math of the market trumps the TV talking heads and investors fickle

With the full effects of spring beginning to sprout across the landscape, there’s more green than just the great outdoors. Our Current Market Outlook light remains “green” as the market’s solid uptrend has been resilient. The stock market almost succumbed to a late frost twice in March but managed to avoid slipping into a caution condition, or yellow light, as buyers emerged (not being afraid to see their shadows) and the indexes kited higher. With a gentle

Our light remains green… barely! Today a second of our “core 4” internal indicators went “yellow” and created a 1st-stage sell signal. A third of the “core 4” is at a tipping point. For the second time this month the stock market status is on the verge of slipping to an official yellow light, which would cause a change in our Current Market Outlook to uptrend under pressure. Just over 2 weeks ago the market

The market suffered Distribution (professional selling) again today while the S&P500 & the Nasdaq both sliced down through and closed under an important short-term moving average. As of today, one of our “core 4” indicators turned yellow. The market is on the verge of slipping to an official yellow light which would change our current market outlook to uptrend under pressure. Tomorrow (Friday) will be a key day to see how investors respond to the

Neither a late February winter chill, nor a chilling testimony by Amb. Robert Lighthizer could cause bulls to hibernate today. The market continues to leave the “technically” climactic Christmas eve low in the rear view mirror and use the follow-through day of January 4th as a launching pad. The strength and speed of this up-move has been almost textbook when comparing it to other “blast-off” moves after bear markets of the past. While the rally

As we reflect fondly on the rally of 2019 this eve of Valentines day, it appears that institutions are again falling in love with stocks and embracing the markets rally. Their desire has been re-ignited for stocks as they have offered sweet returns since the follow-through day of January 4th. Investors admiration appears the strongest for the growth stocks of the computer software -Enterprise group, the darlings of the new year. While last years market

“As goes January, so goes the year.” Really? Is it that easy? NO! While that old adage (the January barometer) does have some strong evidence behind it, at best it has only been accurate about 75% of the time since 1945. (Source: Fidelity Active Investor) Still, that’s not too bad. However, if you look a little closer (how about 2018) you find that a super January led to a choppy mid-year and an awful last

“Green” is the new black. This week the math of the market sent bullish signals as the markets achieved the final piece of the necessary “core 4” specific technical events to affect an upgrade in our Current Market Outlook to “Market in an Uptrend” and a “green” light. Today the S&P500 successfully closed over its 50day moving average, just 2 days after the Nasdaq did the same. That core element came on the heals of the new

Day 7 did indeed yield a “Follow-Through day”! The S&P500 & Dow enjoyed meaningful price gains on volume that increased from the previous day, and in the process confirmed a new uptrend according to the disciplined work of Investors Business Daily. However, based on our disciplined, rules-based risk management system, only two of the “core 4” specific technical events (the bottom-building process) that are needed to affect a change back to a green light have

Day 6 of a potential new rally attempt is all the market has so far for the bulls. The market continues in a correction that has now been exacerbated by the admission of a revenue shortfall from Apple yesterday after the close. This revelation has caused reverberations across the technology sector. Currently the Nasdaq is off almost 200 pts or nearly 3% and the Dow is down over 600 points. Prudent investors are still waiting for