Year: 2022

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A New Rally Attempt is Underway While it may be hard to read that statement and accept it, it was equally hard to write it. But there it is. Even as the world seems to be on the verge of a collapse, and investor pessimism is rampant and souring more each week, the stock market is attempting to stop the losses and begin

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Moment of Truth There is so much going on right now in the stock, bond and commodities markets. Significant cross currents with technical and fundamental forces converging, better…colliding, all at this moment in time. For a stock market technician it doesn’t get any better than this! What an exciting time! The hour between 2 – 3pm tomorrow will be historic. The Fed’s

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Did the Market Just Fail to Hold the 50-day? The Fed’s interest rate hikes continue to be a serious headwind for growth and today’s CPI number did not help. The current test of the 50-day moving averages appears to be subject to failure at today’s open. That failure (to hold the 50-day moving average on the S&P500 at the open specifically) coupled with

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Did the Market Just Complete a Higher Low? Our Current Market Outlook has been upgraded to “Uptrend Under Pressure” with a yellow light. (SPX @ 4030.14 at 9:30am) Our “Core Four” (see top of page) shows 1 green, 1 yellow and 2 red lights and has improved to a yellow signal. The VIX has also moved back below its 50-day mav. The footprints

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Race to the 50-Day Moving Average. Then What? Our Current Market Outlook has been downgraded to “Market in a Correction” with a red light. (SPX @ 4133.12 at 11am) Our “Core Four” (see top of page) shows 2 yellow and 2 red lights and has tilted to a red signal with the VIX tie-breaker. Just 3 days ago we posted, “It is

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Just Passing Through “No Man’s Land”  Our Current Market Outlook remains “Uptrend Under Pressure” with a yellow light. The interest hikes by the Federal Reserve continue to be a serious headwind for the Nasdaq, and growth stocks in particular, but short-term technical conditions in the stock market have improved. Even with growth stocks and the major stock indexes having experienced a “bounce” recently,

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Dog Days of Summer  With the summer heat exciting the outdoor crowd by providing for tans and a demand for pools, the stock market is acting more like a slow moving dog looking for relief in the form of shade. After having just experienced the “worst first six months” start to a year ever for the Nasdaq, a relief seeking rally was

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment When Bad News is Good?  Based on the response by big money managers in the stock market yesterday to the Fed’s rate hike and to today’s economic release at 10am, our Current Market Outlook has been upgraded to “Market in an Uptrend” with a green light. (S&P 500 @ 4026.27) While the Fed’s interest rate hikes remain a serious headwind for growth, underlying

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Does Inverted Yield Curve = Recession? It has been almost 3 weeks since we wrote on June 22nd that a bounce attempt had arrived. At that time, the stock market’s internals flashed the extreme readings that history has shown are usually visible when selling prepares to take a break. Indeed, the major stock indexes have not yet closed under the lows of that

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Bounce Attempt is Here A countertrend bounce (common during bear markets) appears to have arrived. The internal technical action of the stock market last week accompanied with yesterday’s rise has barely improved our Current Market Outlook to a yellow condition. The odds slightly favor a move to the upside heading into the end of Q2 and the July 4th holiday. In last