Year: 2023

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment To Hike or to Delay the Hike… The stock market has enjoyed a smart rally over the past 2 weeks and as such has gotten ahead of itself, or what technicians say is now “extended” which means it is ripe for a sharp pullback – a profit taking phase. Going into today’s all-important Fed rate decision, our Current Market Outlook is being downgraded

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment To SPX 4,300… and Beyond?  The uptrend continues. Since our C.M.O went green 2 weeks ago, the major indexes have pushed to new highs for the year and to index levels not seen since the summer of ’22. Our Current Market Outlook remains “Market in an Uptrend” with a green light (SPX at 4,313.97). Our “Core Four” (see top of page) has 2

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment And it’s off to the Races Again  In the face of great uncertainty, big investment institutions are selectively putting massive amounts of capital back to work… and as such, our mathematical signal has improved and we must follow the markets lead. As of this morning, our Current Market Outlook has been upgraded to “Market in an Uptrend” with a green light (as of

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Not So Fast  The stock market may be experiencing a “false start.” If you are familiar with track or swimming events, you know what that term means. As in the world of sports, where you get a second chance after committing a false start, the same is often true in the stock market. The push to 2023 new highs (aka. showing indication) on

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Don’t Look Now, but New Highs for 2023 The stock market is doing the unthinkable: it’s going up in the face of severe worries and persistent threats. As we have been stating in our past few posts, the market was showing remarkable resiliency in spite of serious “news” headwinds.  To make the point, we posted this just last week… “We get it. Some

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Seriously Concerned, yet Properly Hopeful What if your favorite sports team went 2-14 in their last 16 games? That would stink. It might even test your patience as a fan. You would no doubt be concerned, but based on your years of loyalty you’d probably remain hopeful. If you’re a “bull” and a stock market fan that is one way of explaining what

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Death and Taxes Happy tax filing deadline day! They used to say, “There are only 2 things certain in life; death and taxes.” While the odds are pretty good that we will all die (it’s a 1 out of 1 chance unless you were Elijah or Enoch), not every American pays taxes apparently, at least income taxes. I recently saw an article on

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Is a Turn Near? As of the close, March 28th, with the SPX at 3,971.27, our signal was upgraded to a yellow light. The subtle (under the surface) improvements in the market’s technical indicators have moved our C.M.O. to an improved condition. Our Current Market Outlook has been upgraded to “Uptrend Under Pressure” with a yellow light. Our “Core Four” (see top of

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Can We Just Call it Orange? Too bad traffic lights don’t have orange in their sequence. The natural outcome of blending red and yellow is, of course, orange. And that is theoretically where our C.M.O. finds itself as of today’s close. Currently red but so close to going yellow! If I hear another person say that tomorrow’s Fed rate decision is probably the

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Financials: A Harbinger of Things to Come? Last Friday we posited that stocks generally don’t go higher as rates rise when we wrote, “Higher interest rates and a rising stock market generally don’t go together, at least not for long. Remember the old adage “When rates are high stocks will die; when rates are low stocks will grow” in our last post? No