Year: 2021

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Watching for a Subpeak, or New Highs: The Question Mark Moment This is it. For investors, the moment has come. Monday’s sharp China “debt threat” induced sell-off, and the resulting 3-day lackluster-volume bounce in the key stock indexes, has set up a classic pattern and a “question mark” moment. A current near equal balance of positive and negative market technicals, and the same

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Our Current Market Outlook has been downgraded to “Uptrend Under Pressure” with a yellow light. The Fed’s pause in interest rate hikes last month, which fueled the recent rally in growth stocks and the general stock market indexes, may be coming to an abrupt end. The uptrend appears to have gotten ahead of itself with a quarter ending, window-dressing push into the end

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment To Tapper or Not to Tapper, that is the Question: Whether ’tis nobler in the mind to suffer the slings and arrows of outrageous fortune (cheap money- continued low interest rates), or to take arms against a sea of troubles (out of control inflation). That is the question for the Fed this week. On Friday, the Federal Reserve Bank of Kansas City will

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Escape Velocity vs. Exit Strategy A very long time ago I suffered through a high school physics class. Having thought of myself as inclined mathematically, I proudly opted to enroll in the enriched, or accelerated, version of the class. I wasn’t prepared for what came next. Turns out the class was a bear and featured a teacher that seemed to enjoy seeing pimple

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment On the Precipice of a Precipitous Decline? Selling in stocks and other “risk-on” asset classes has accelerated since the warning in our last post and has pushed our Current Market Outlook to the brink of RED. Many technical internals in the broad market are flashing warning signs and are testing key support levels. The “Generals” (large caps) are even in retreat. Our Current

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Certain Underlying Technicals Reveal Deterioration A growing number of NYSE technical internals are beginning to show deterioration in the broader market. It also appears that the “Generals” (large caps) are leading the “privates” (small caps) into battle. Typically, that is not a good development. In response to today’s change in our “Core Four”, our Current Market Outlook has been downgraded to “Uptrend Under

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment “If the Market Doesn’t Do What It is ‘Supposed’ to Do, It Ain’t Gonna” As a result of new price highs on the Nasdaq and S&P500 indexes and a reduction in the Distribution Day count due to time, our Current Market Outlook has been upgraded to “Market in an Uptrend” with a green light at Wednesday’s close. Our “Core Four” stands with 3

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Fed Hints at New Plan – Market Hinting at One of Its Own? Summer “low volume” trends and investor indecision due to a “cornered Fed” have led to an uninspiring and short-lived uptrend. Last week we wrote, “We have to remain open to the possibility that this new green signal could be negated quickly by bad market action. If that develops, our signal

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Meme Mania Motivates Market Craziness has returned in the short-squeeze arena and has caused a willingness by investors to put more capital “at risk.” As a result of those inflows, and a sufficient passage of time, the level of distribution (professional selling) has dropped off in recent days which moved one of our “Core 4” indicators to green yesterday and caused our Current

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment “The Market Always Takes Longer to Do what You Think It Is Going to Do” Back in the early to mid-80’s, when my mother was developing her technique of technical analysis while working as a stockbroker at EF Hutton, she often made that comment (see title above) to me as I was starting my career.  It was meant as a sober reminder that