Year: 2022

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Not Asleep Just Yet, the Bears Strike Back Today’s opening action is an expectation breaker. The failure of the S&P 500 to hold its 50-day mav and a simultaneous undercutting of its low of yesterday has caused our Current Market Outlook to flip back to a red signal. As of 9:35am (SPX @ 3,834.69) our Current Market Outlook was downgraded to “Market in

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Hibernation Day? Time for a Year-End Rally While today is the official first day of winter and many of us are bracing for an artic blast named Elliott, the stock market ironically is hot this morning. Are the financial “bears” about to hibernate? A few secondary technical indicators improved with yesterday’s action, and today’s upward opening is further confirmation. As a result, at

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Selling Grows to Adjust for a New Terminal Rate As of this morning’s open (SPX @ 3,870.74) Our Current Market Outlook was downgraded to “Market in Correction” with a red light. Currently our “Core Four” (see top of page) has 2 yellow and 2 red lights. The market has made a beeline to the 50-day moving averages. The Nasdaq failed to hold

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Failure at the “200-day”… Again? The year-end cross currents continue. Our Current Market Outlook is being downgraded quickly again to “Uptrend Under pressure” with a yellow light (SPX @ 4,026.54) as of 11:30am this morning. Currently our “Core Four” (see top of page) has 3 green and 1 red light. A whipsawing market is taking shape. A key test of the S&P

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A “Tailwind” From a “Fed Win” Fed Chair Powell has ignited a “risk-on” rally in his post-lunch speech just now. Our Current Market Outlook is being upgraded to “Market in Confirmed Uptrend” with a green light (SPX @ 4,006.77) as of 2pm today. Currently our “Core Four” (see top of page) has 3 green and 1 red light. Two days ago we wrote,

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Serious Crossroad Our Current Market Outlook was downgraded to “Uptrend Under Pressure” with a yellow light (SPX @ 3,981.05) at 1pm today. Currently our “Core Four” (see top of page) has 2 green, 1 yellow and 1 red light. The major indexes recent bull phase, while still intact, is coming under measurable internal pressure. This time of year can experience various types

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Higher Low IS In! (Yay!) As of 9:30am today our Current Market Outlook was upgraded to “Market in Confirmed Uptrend” with a green light (SPX @ 3,882.11) as the S&P 500 gapped up mightily above its 21 and 50-day moving averages (mav’s) at the open, and in the process created another “positive double cross” bullish pattern. Currently our “Core Four” (see top

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Higher Low is In! (Gulp!) As of 10:15am today our Current Market Outlook was upgraded to “Uptrend Under Pressure” with a yellow light (SPX @ 3,820.26) as the S&P 500 held above its 50-day moving average (mav) at yesterday’s close, added gains at today’s open, and then crossed above its 10-day mav just after 10 o’clock this morning. Currently our “Core Four”

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Rally Attempt is Beginning to Falter As of 3pm today our Current Market Outlook was downgraded to “Market in a Correction” with a red light (SPX @ 3,821.17) Currently our “Core Four” (see top of page) has 1 green and 3 red lights. The stock market had its hopes dashed by comments made by Fed Chairman Powell in his after the rate

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Rally Attempt is Trying to Strengthen That view is not widely held or popular right now. But while that may be so, the math of the market has improved ever so slightly and has caused our Current Market Outlook to be upgraded to “Uptrend Under Pressure” with a yellow light as of Friday’s close (10/21). Currently our “Core Four” (see top of