Year: 2023

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  And the Fed Said, “Merry Christmas?” Has the Fed really pivoted? Have they declared victory over inflation? What happened to their 2% inflation target? Or, has the Street misinterpreted their comments and read something into them? The Fed has stated, “higher for longer” and still seems to have much work left to do in order to sop up all the pandemic induced free

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  And the Banks and Semis Shall Lead Them The late, great, technical analyst Ralph Bloch often quoted that statement when analyzing the start of bull markets/moves. He had observed an eventual good economy was often preceded by strong initial moves in the bank stocks (and financials, generally- based on an improved interest rate outlook) and a return of an institutional risk appetite, which

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  Where do we go from here? What a fascinating chain of technical events! The November rally has been nothing short of breath-taking. The follow-through day on the Nasdaq on the 1st followed by the S&P 500’s on the 2nd, along with our Current Market Outlook upgrade that same day, have ushered in a meaningful period of accumulation in stocks. The question on most

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  The Upgrade… has Arrived Just yesterday we wrote, “The stock market is attempting to rally off of last weeks lows. Based on the internal “math of the market,” an upgrade to a yellow condition is close at hand. But not just yet.” This morning the S&P500 and Nasdaq are bolting above their respective 21-day mavs on huge volume. Perhaps the market is jubilant

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  So Close to an Upgrade… And yet so Far  The stock market is attempting to rally off of last weeks lows. Based on the internal “math of the market,” an upgrade to a yellow condition is close at hand. But not just yet. On Friday we suspected an oversold bounce might unfold as the S&P500 index and the NYSE advance/declines lines fell to

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  Be Very Careful Out There  Our Current Market Outlook has been downgraded to “Market in a Correction” with a red light as of 1pm on 10/13/23 (SPX 4,333.68). Our “Core Four” (see top of page) has 1 yellow and 3 red lights. The new rally attempt in growth stocks and the general stock market indexes is coming under immediate selling pressure. The VIX,

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  In Horror We Pray Our Current Market Outlook has been upgraded to “Uptrend Under Pressure” with a yellow light as of 10am on 10/10/23 (SPX 4,353.71). Our “Core Four” (see top of page) now has 2 yellow and 2 red lights. A new rally in growth stocks and the general stock market indexes is attempting to take hold. The recent rise in the

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  In Position for a Crash… and yet so Oversold / McCarthy is Out: Is Chaos In? You may be wondering why two titles. Maybe even thinking, “Did he just use the ‘C’ word?” Yep, and if it were to happen it would likely be in the next 4 to 8 days. More on that below. The fact is we had a third title

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  Back to Red – Let’s Be Careful Out There Our Current Market Outlook has been immediately downgraded back to “Market in a Correction” with a red light as of 10am this morning (SPX 4,481.34). Our “Core Four” (see top of page) has 1 yellow and 3 red lights due to the major indexes slipping back under their 50-day mavs. The VIX is starting

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  Lift Off… Until It’s Not? With today’s move by the major stock indexes back above their respective 50-day mavs at the close, our Current Market Outlook has been upgraded to “Uptrend Under Pressure” with a yellow light (SPX 4,505.10). Our “Core Four” (see top of page) now has 1 green, 1 yellow and 2 red lights. Interestingly, the VIX is still situated under