Year: 2023

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Our Current Market Outlook barely remains “Market in a Correction” with a red light. The Fed’s stern talk about the direction of interest rates continues to be a serious headwind for growth stocks and the general stock market indexes, even as inflation is moderating. The current test of the S&P 500’s 50-day moving average is crucial. THIS REMAINS A CRITICAL JUNCTURE. All eyes

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

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment “If the Market Doesn’t Do what it is Supposed to Do…” Our team often uses one of our very own market axioms, “If the market doesn’t do what it is supposed to do, it ain’t gonna.” Simply stated, we take historical outcomes and compare them to current technical & fundamental conditions to develop a mathematical set of expectations for each day – the

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Moment of Truth, Again The moment of truth for the bulls has arrived. A significant move from here is likely in short order. “Up or down?” you ask. We will soon find out. The math of the market has been pushed to the brink with this morning’s action. This is where the institutions execute their real intentions. If indeed the market is

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Marna and the “Big Short?” That title sounds like a children’s book, doesn’t it? But it’s anything but that. Today’s post is more of a sector analysis than a general market condition bulletin. Although, they are tied together somewhat. The healthcare sector looks sick. (Isn’t that ironic?) By that we mean the stocks in the health care group overall are trading in a

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment …And Back to Yellow We Go Our Current Market Outlook has been downgraded to “Uptrend Under Pressure” with a yellow light as of 2pm today with the S&P500 at 4,104.18. Our “Core Four” (see top of page) sports 2 green and 2 yellow lights with a rising VIX. Two days ago we asked, “Can a strong uptrend and a constrictive Fed coexist for

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Trend is Your Friend, and so is the Fed? The stock market is doing its best to act like a Weeble… it may wobble but it won’t fall down! The underlying character (tone) of the market changed for the better on January 6th and has persisted in its advance. Many are asking “Why are stocks going up?” in the face of a

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Seeking Shelter Before a Storm? Today’s action looked like a stalling day on the S&P500. Noting that and the overhead resistance at the 4,100 level, the market looks extended on the short-term and a bit overbought. Our Current Market Outlook has been downgraded to “Uptrend Under Pressure” with a yellow light as of the close today with the S&P500 at 4,070.56. Our “Core

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A “Positive Double Cross” Moves Market to Green The recent rally phase that was confirmed on the 6th is continuing. Today’s strong move back above both short-term key moving averages (aka: positive double cross) on the S&P500 has changed our Current Market Outlook for the better. Only a nasty reversal in the last hour could negate this upgrade. We expect a strong close

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Not So Fast The recent rally phase that was confirmed on the 6th is being tested this morning. With yesterday’s poor action and this morning gap down at the open below key moving averages, our Current Market Outlook has changed. Our Current Market Outlook has been downgraded to “Uptrend Under Pressure” with a yellow light as of 10am this morning with the S&P500