Year: 2020

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Hail to the Chief, and to the Chiefs! Fifty years is a long time to wait! And we’re not talking about football. According to the President, that’s how long it has been since certain economic conditions have been as good as they are now in the USA. Hail to the Chief! As for football, 50 years is a long time to wait for

Is the market catching its own case of the coronavirus? The coronavirus has captured the attention of Wall Street. Maybe better said, the fear of it has. While the odds of a pandemic are low, the odds for some profit taking and a minor correction are high. As a result of recent market action, our Current Market Outlook has changed to “Uptrend Under Pressure” with a “yellow” light. While the long-term technical condition of the

T.I.N.A. and F.O.M.O. are setting the pace. But are they alone? We are not talking about some Hollywood celeb or a new line of fashionable west-coast clothing. TINA & FOMO are as Wall Street as it gets. These are acronyms, of course, and they properly elucidate our current bull market. TINA: There Is No Alternative (to equities), and FOMO: (the) Fear Of Missing Out, are in control of the stock market currently. But as with

…And the Highs just keep on comin’! First, a personal note. After hearing the reports of the Iranian missile strikes on US bases last night and learning this morning there were no casualties (thank You God!) and only minimal damage, my mind kept repeating this familiar verse all day, “…and the rocket’s red glare, the bombs bursting in air, gave proof through the night that our flag was still there.” I can only imagine what