Year: 2021

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Look out Below! Or, Up Up We Go! Attention please! The stock market is at a critical juncture. In the days (maybe just hours) ahead, the stock market will tip its hand and make an important direction decision. The S&P500 needs to hold above its all-important 50 day mav asap. Big test tomorrow. On April 22nd we wrote, “High stock prices combined with

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Is It Time to Dust Off “Sell in May…?” High stock prices combined with low levels of total trading volume is NOT a good recipe for a continuation of a stock market rally. This kind of current action should raise a few eyebrows. Additionally, on recent days when the daily trading volume actually increased versus the previous day the market has fallen more

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Is the Nasdaq Coming Out of Hibernation? Unlike the Bears of Baylor (Congrats on your first National Championship! Praise God!), the “bears” of Wall Street committed a turnover and allowed the Nasdaq to win by confirming an uptrend with a follow-through day (FT day) on March 31st. The Nasy is again approaching all-time highs. Two weeks ago we wrote, “Perhaps the Nasdaq will

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Let the “Green” Shoots Begin! / Is Another Frost Due? Spring has arrived and so has a confirmed stock market uptrend with a “green” signal. Friday’s action, on day 16 of a new rally attempt, finally notched a follow-through day (on the S&P500 at least) confirming increased institutional demand for equities. At least for now. With today’s price and volume action on the

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Moment of Decision  Technical conditions remain conflicted. The markets recent action absolutely reflects a rotation away from the Nasdaq and most things tech and a move into energy, financial and so-called “old economy” sectors. Usually, even though disruptive, action like this leads to a broadening of the bull market. While the strength of the past few days has been encouraging, it in

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Well, That Happened Fast Too The stock market has continued to experience high volume selling (a.k.a. Distribution) but now with downward price violations in each of the main indexes key moving averages. The Dow is down almost 300 so far today. Indeed, the recent feeble market rally attempt did prove to only be a “fake-out.” As a result, our Current Market Outlook is

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Well, That Happened Fast The stock market is experiencing high volume selling (a.k.a. Distribution) and a downward price violation of key moving averages in the main indexes today. This type of negative action (expectation breaking) is exactly what we warned about in our post just a day ago when we wrote, “While our signal’s upgrade to green is encouraging, it is early. It

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Risks Are Still High, But So is Demand The equity market underwent a critical test of institutional support yesterday, and is responding favorably to it today. After sliding for 5.5 days, the S&P500 made an important stand at its 50 day and 10 week moving averages. It even managed to close over its 21 day mav on the same day! The technical pattern

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment What Sad Is Stories of soaring prices and all-time highs keep filling the airwaves and chatrooms. Tales of epic short squeezes and SPAC moonshots entice Robinhood and its little Johns to abandon all caution (and their day jobs!) and take on the big boys. It must be a wonderful time to get into the market! Not! This type of rampant speculation never ends

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment As Goes January, So Goes the Year Selling smacked the stock market this week. The major indexes have continued marking time by basically moving sideways since our Current Market Outlook signal was downgraded to yellow on Dec. 9th. The high of Dec 9th on the S&P500 of 3,712 and today’s close at 3,714 are almost identical. The major stock indexes are engaging in