Year: 2020

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Tone Has Changed, At Least For Now As a result of heavy professional selling in stocks (Distribution Days) and closing violations of the major indexes under their 21 day moving averages during the week, our Current Market Outlook has been downgraded to “Uptrend Under Pressure” with a “yellow” light. One of our Core Four indicators remains green, with two now yellow and

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Trend Is Your Friend, Until It Ends With the Fed’s foot firmly on the accelerator (zero interest rates & QE unlimited) and the financial markets awash with liquidity (stimulus and all the rest), the trend of this market is up. Not all areas are benefiting yet, mind you, but the abundance of cheap capital has started a fire in certain industries that

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment All-Time Highs and the Shortest Bear Market Ever You may have heard about the ‘P.P.P.” (Payroll Protection Program). But have you heard about what it and other recent stimulus programs have led to? The “R.R.R.” or Remarkable Republican Recovery. We are not trying to be political, but we feel we should give credit where credit is due. The S&P500 has just experienced the

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Not Much Has Changed. Or Has It? The Current Market Outlook remains “Uptrend Under Pressure” with a “yellow” light. Two of the Core Four indicators are still green reflecting the current major trend, while the other two are yellow and red reflecting the stock markets current hesitancy. (see Core Four above) Please note that this set-up in the Core 4 is still on

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Were We Wrong? Was our late June signal change to a yellow condition wrong? Or will it prove to have just been early? Actually, it is neither. We grant you that based on recent market action, which has been volatile but mostly up, a green light would have worked out well. But that’s not how technical internal signals work. They are objective. Not

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Major Test Happening NOW As we wrote a few days ago, the negative price divergence between the Nasdaq and the S&P500 is beginning to make itself felt. The S&P500 has formed a “sub-peak” and has closed under its 21 day moving average on higher trading volume (Distribution) twice this week. The summer storm from our previous post has moved a bit closer. Our

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Storm Clouds Brewing? As summer sets in and the nights get longer, the weather can turn nasty on a dime. Folks who live in tornado alley, or on the east and gulf coasts during hurricane season, can attest to that annual fact. Investors who depend on Wall Street can often relate to late summer “storms of selling” too. While the market’s remarkable rebound

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Is Science Really Our Only Answer? The “Big V is for Victory” stock market tour has continued almost unabated. Since our last post, the S&P500 has soared in the face of Covid and social unrest, and scored its best 50 day period gain ever! Thank you Mr. President, Chairman Powell, Secretary of the Treasury Mnuchin, and Congress. You may be asking yourself, “victory

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Big “V”? Have you noticed how many experts are trying to define the shape of the expected recovery nowadays. Some say it will be a “U” shaped recovery, while others are expecting more of a “W”. Some pessimists are forecasting a “L” shape, while optimists are hoping for a big “V”. There are even square root sign and Nike swoosh theories. (Image

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment “Sell In May And Go Away” vs. “Don’t Fight The Fed” Those two market axioms are in great conflict with each other right now. They both have supporting historical evidence as to why the sayings came about. Of the two, not fighting the Fed is generally the more desirable and prudent action to take. The Fed gets its way…ultimately. However, after a torrid