Year: 2022

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Is a Turn Near? OK. Maybe we should ask… “is a bounce near?” Let’s be clear about something, the fundamentals of the economy are awful, and they are being reflected in the stock market as it falls deeper into its worst start to a year in decades. Having said that, countertrend “bounces” are common during bear markets (see more below). So, turn =

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Downgrade and a Flash Point As of 3pm today (actually a 2:30pm signal that was confirmed at 3pm) the stock market was succumbing to selling pressure and was falling back into a technical correction. As bad as today’s action is, tomorrow mornings release of May’s consumer price index will be a major market mover. Believe it or not, it is entirely possible

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment What ‘s Next (Part 2)? A Soft Landing? New Highs? Our post last week suggested that the stock market was oversold. In it we discussed whether a recession or a crash was on the horizon. (Keep in mind the horizon is still many months a way.) We stated that the next few days would be very telling and wrote… “At the same time

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment What ‘s Next? A Recession? A Crash? That is the $64,000 question of the day, isn’t it? If it’s all the same to you, I’d rather play the $100,000 Pyramid. (Evidence of a misspent youth.)  🙂 The stock market remains sick and under significant selling pressure by the pros. The next few days will be very telling. The possibility of a recession this

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment …What do May Flowers Bring? As a young boy, we used to ask the children’s joke, “If April showers bring May flowers, what do Mayflowers bring?” Answer: Pilgrims. While that answer is a funny and historical play on words from our childhood, maybe a more appropriate answer today would be… allergies. Along those lines, the stock market is sick and is having its

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Market Teetering on the Brink The stock market is testing critical support. The massive negative price reversal today on higher volume is triggering a sell signal. As a result of the weak price and volume action at 3pm today (S&P 500 last at 4,402.54), our Current Market Outlook has been downgraded to “Market in a Correction” with a red light. The “Core Four”

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Professional Selling Expands, New Lows too The stock market is either running out of gas or pausing to recharge at this juncture. We have written in the past about what we call a “question mark moment” and we are facing one now. The “worries” of the day remain: War, Inflation, Covid, China, and Interest Rates. We call this WICCIR (It rhymes with quicker.)

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Just what is WICCIR Anyway? As the first quarter of 2022 winds down today, the stock (and bond) market has a lot on its mind. On Wall Street, it is often stated that the “stock market climbs a wall of worry.” At certain points throughout history, in the face of challenging uncertainties, the stock market has occasionally confounded investors by rising in spite

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Ray of Light? The Fed has begun its advance against the enemy of inflation with a 1/4% hike today. While it could be viewed as a gentle first move, we are reminded that a journey of a 1000 miles starts with a single step. Even if a cautious one at that. In our opinion, the Fed has given inflation a “head-start” in

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Blustery Day They say that March comes in like a lamb and goes out like a lion. But what happens in between? As I write this from my home, outside the winds are howling at 18 mph with gusts of up to 30+! Earlier, snow was falling… horizontally. (I had planned to go into the office for a bit, but who wants