The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Our Current Market Outlook has been downgraded to “Uptrend Under Pressure” with a “yellow” light. Based on harsh high volume selling and a failure by the Nasdaq to hold its key 50 day mav, the environment for making money in growth stocks and the general stock market has deteriorated quickly. The level of bullishness (complacency) remains excessive and should serve to keep investors

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Risks Are Still High, But So is Demand The equity market underwent a critical test of institutional support yesterday, and is responding favorably to it today. After sliding for 5.5 days, the S&P500 made an important stand at its 50 day and 10 week moving averages. It even managed to close over its 21 day mav on the same day! The technical pattern

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment What Sad Is Stories of soaring prices and all-time highs keep filling the airwaves and chatrooms. Tales of epic short squeezes and SPAC moonshots entice Robinhood and its little Johns to abandon all caution (and their day jobs!) and take on the big boys. It must be a wonderful time to get into the market! Not! This type of rampant speculation never ends

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment As Goes January, So Goes the Year Selling smacked the stock market this week. The major indexes have continued marking time by basically moving sideways since our Current Market Outlook signal was downgraded to yellow on Dec. 9th. The high of Dec 9th on the S&P500 of 3,712 and today’s close at 3,714 are almost identical. The major stock indexes are engaging in

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment I Was There, and There is Hope The stock market has continued marking time by basically moving sideways since our last post. The high of Dec 29th on the S&P500 at 3,756 and today’s intra-day low (so far) of 3,749 are nearly identical. Up to this hour at 1 pm, the S&P500 has tested and held its 21-day moving average, while the Nasdaq

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Prayer for the New Year The stock market has basically marked time and moved sideways for most of December, despite recent incremental closes at all-time highs. The market appears to be digesting November’s sharp gains, which came when the “Blue Wave” didn’t and may be pausing to refresh. However, the bullish sentiment is so ridiculously high that it is looking more like

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Does the Year-End Rally Need a Santa Pause? The market experienced a dose of heavy selling (a.k.a. a Distribution Day) today. That wasn’t all that surprising given the multi-day run to all-time highs in the key indexes over the past month. But today marked the fourth Distribution Day on the S&P500 in the past 25 trading sessions. Couple that with the excessively bullish

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The “No Blue Wave” Relief Rally Continues The stock market just completed one of its best months in history, as measured by the Dow Jones Industrials. Catching many investors by surprise, the old-fashioned cyclical and value stocks soared in November. It stands to reason as many of the industries that led the rally this month were the stocks beaten down by fear at

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment This Land Is Your Land, This Land Is My Land… America. This is our country, and we must protect it and preserve the integrity of our election process.    Proverbs 10:9 – He who walks in integrity walks securely, but he who perverts his ways will be found out. * Like it or not, many abuses from election night (and the days that

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment And The Hits Just Keep On Coming…And So Do The Ballots. In all our years we have never seen a more obvious and blatant attempt to steal an election! The actions in a few “cooked” states are deplorable and appear devoid of integrity. It is unconscionable that so many one-sided, late night ballot dumping votes* could suddenly appear (among other irregularities) and must

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment On the Verge of a Serious Breakdown? Our Current Market Outlook has been downgraded to “Market in a Correction” with a “red” light. Two of our Core Four indicators are red and two are yellow. This combination signals rising risks and a potentially dangerous outlook. As of this morning, the key stock market indexes are not holding their all-important 21 and 50 day

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Nervousness Runs Higher as Indexes Slide Lower Our Current Market Outlook has been downgraded to “Uptrend Under Pressure” with a “yellow” light. Three of our Core Four indicators are yellow and the last is green. This combination creates a cautious outlook. The stock market major indexes are sitting right on top of their 21 and 50 day moving averages. There is also a

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Nasdaq Confirms Dow Jones Signal, While S&P500 Sits It Out Our Current Market Outlook has been upgraded to “Market in an Uptrend” with a “green” light. Three of our Core Four indicators are green and the last is yellow. This combination creates a positive outlook. Two weeks ago, we wrote, “The correction that started almost a month ago may have run its course.

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Bounce and a Rally Attempt Are Under Way Our Current Market Outlook has been upgraded to “Uptrend Under Pressure” with a “yellow” light. Two of our Core Four indicators have improved to green, while one is yellow, and another is red. This combination creates a slightly positive, yet cautionary outlook. The correction that started almost a month ago may have run its

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Key Moving Averages Have Fallen With the breakdown under key support on Friday’s close in the main indexes at their 50 day moving averages, combined with heavy institutional selling, our Current Market Outlook has been downgraded to “Market in a Correction” with a “red” light. Two of our Core Four indicators are now red, with one yellow and one green. The correction

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Tone Has Changed, At Least For Now As a result of heavy professional selling in stocks (Distribution Days) and closing violations of the major indexes under their 21 day moving averages during the week, our Current Market Outlook has been downgraded to “Uptrend Under Pressure” with a “yellow” light. One of our Core Four indicators remains green, with two now yellow and

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Trend Is Your Friend, Until It Ends With the Fed’s foot firmly on the accelerator (zero interest rates & QE unlimited) and the financial markets awash with liquidity (stimulus and all the rest), the trend of this market is up. Not all areas are benefiting yet, mind you, but the abundance of cheap capital has started a fire in certain industries that

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment All-Time Highs and the Shortest Bear Market Ever You may have heard about the ‘P.P.P.” (Payroll Protection Program). But have you heard about what it and other recent stimulus programs have led to? The “R.R.R.” or Remarkable Republican Recovery. We are not trying to be political, but we feel we should give credit where credit is due. The S&P500 has just experienced the

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Not Much Has Changed. Or Has It? The Current Market Outlook remains “Uptrend Under Pressure” with a “yellow” light. Two of the Core Four indicators are still green reflecting the current major trend, while the other two are yellow and red reflecting the stock markets current hesitancy. (see Core Four above) Please note that this set-up in the Core 4 is still on

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Were We Wrong? Was our late June signal change to a yellow condition wrong? Or will it prove to have just been early? Actually, it is neither. We grant you that based on recent market action, which has been volatile but mostly up, a green light would have worked out well. But that’s not how technical internal signals work. They are objective. Not

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Major Test Happening NOW As we wrote a few days ago, the negative price divergence between the Nasdaq and the S&P500 is beginning to make itself felt. The S&P500 has formed a “sub-peak” and has closed under its 21 day moving average on higher trading volume (Distribution) twice this week. The summer storm from our previous post has moved a bit closer. Our

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Storm Clouds Brewing? As summer sets in and the nights get longer, the weather can turn nasty on a dime. Folks who live in tornado alley, or on the east and gulf coasts during hurricane season, can attest to that annual fact. Investors who depend on Wall Street can often relate to late summer “storms of selling” too. While the market’s remarkable rebound

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Is Science Really Our Only Answer? The “Big V is for Victory” stock market tour has continued almost unabated. Since our last post, the S&P500 has soared in the face of Covid and social unrest, and scored its best 50 day period gain ever! Thank you Mr. President, Chairman Powell, Secretary of the Treasury Mnuchin, and Congress. You may be asking yourself, “victory

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Big “V”? Have you noticed how many experts are trying to define the shape of the expected recovery nowadays. Some say it will be a “U” shaped recovery, while others are expecting more of a “W”. Some pessimists are forecasting a “L” shape, while optimists are hoping for a big “V”. There are even square root sign and Nike swoosh theories. (Image

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment “Sell In May And Go Away” vs. “Don’t Fight The Fed” Those two market axioms are in great conflict with each other right now. They both have supporting historical evidence as to why the sayings came about. Of the two, not fighting the Fed is generally the more desirable and prudent action to take. The Fed gets its way…ultimately. However, after a torrid

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Waiting May Be Over The massive amount of rapid US Govt. stimulus and backstopping assurances have been making themselves felt in the stock market over the past few weeks. Good news has come from the President’s Administration, the Fed, the Treasury Dept, and Congress in the form of stunning measures designed to infuse cash into our economy and stave off a depression.

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Waiting Game In Ecclesiastes we are told in select verses from chapter 3, “There is an appointed time for everything. And there is a time for every event under heaven- a time to tear down and a time to build up. A time to weep and a time to laugh; a time to mourn and a time to dance. A time to

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment America’s 4-Lettered Word- DEBT Make no mistake about it, America is intoxicated with debt. Actually, by many counts, our society is drowning in it. Not all American citizens, mind you, as many follow biblical principles that strongly discourage the casual use of debt. Unfortunately, our cultures addiction to it doesn’t just reside on a personal level. The US Govt. debt, state and municipal

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Crash of 2020: A Classic 1-2 Punch A “1-2 punch” is a common idiom in the US and other countries that means a decisive blow that is initiated quickly and requires two consecutive attacks. The first blow, the “1”, leaves the opponent vulnerable enough to finish the opponent on “2”, except it must be quick and decisive. Source quora.com The American stock

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Mr. Market: Why 2K? After a 2 day bounce that ended last Wednesday, the Covid-19 induced correction picked up right where it left off. The surprising news of an oil price war by Saudi Arabia caused a breathtaking waterfall across the entire equity complex, and slammed the main indexes through their Feb 28th lows ending the nascent rally attempt. The Dow Jones Industrial

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Watching For An Oversold Bounce With the stock market now in a correction, does the Fed have a vaccine? Maybe. At least the footprints of money may think so. And as a result, we think a bounce is eminent. Our Current Market Outlook remains “Market in a Correction” with a “red” light. Our Core Four has improved with a move in the investor

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Market correction has taken hold. Will the virus cause a recession?  As a result of today’s action, our Current Market Outlook has been changed to “Market in a Correction” with a “red” light. Our Core Four has moved to a red signal with 3 red, 1 yellow, and no green. (See above)  The stock markets long-term uptrend is under assault. Massive selling pressure

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Mauling Bears Bury Market Today’s stock market featured additional professional selling that was almost severe enough to change our Core Four to a red signal. (See above) As a result of Fridays action on the Core Four, our Current Market Outlook was changed to “Uptrend under Pressure” with a “yellow” light. (See 10:30 am post from earlier today) The massive selling pressure and

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Additional Distribution Causes Downgrade The stock market on Friday experienced additional professional selling which tipped our Core Four (see above) and caused a downgrade in our signal. As dictated by the present readings of our “Core Four”, our Current Market Outlook is now changed to “Uptrend under Pressure” with a “yellow” light. This morning (Monday) the market is under massive selling pressure as

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Economic Data Looks Hot. Bonds Say “Not”! The stock market continues to rise like the coffers of Presidential hopefuls. Yet, a curious divergence is developing in the action of the much larger, and generally wiser, bond market. While the economic data being released almost daily continue to paint a rosy picture, that darned old inverted yield curve, like the weeds beginning to pop

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Hail to the Chief, and to the Chiefs! Fifty years is a long time to wait! And we’re not talking about football. According to the President, that’s how long it has been since certain economic conditions have been as good as they are now in the USA. Hail to the Chief! As for football, 50 years is a long time to wait for

Is the market catching its own case of the coronavirus? The coronavirus has captured the attention of Wall Street. Maybe better said, the fear of it has. While the odds of a pandemic are low, the odds for some profit taking and a minor correction are high. As a result of recent market action, our Current Market Outlook has changed to “Uptrend Under Pressure” with a “yellow” light. While the long-term technical condition of the

T.I.N.A. and F.O.M.O. are setting the pace. But are they alone? We are not talking about some Hollywood celeb or a new line of fashionable west-coast clothing. TINA & FOMO are as Wall Street as it gets. These are acronyms, of course, and they properly elucidate our current bull market. TINA: There Is No Alternative (to equities), and FOMO: (the) Fear Of Missing Out, are in control of the stock market currently. But as with

…And the Highs just keep on comin’! First, a personal note. After hearing the reports of the Iranian missile strikes on US bases last night and learning this morning there were no casualties (thank You God!) and only minimal damage, my mind kept repeating this familiar verse all day, “…and the rocket’s red glare, the bombs bursting in air, gave proof through the night that our flag was still there.” I can only imagine what

Caution: Excessive Bullishness Warnings Persist (11:00 am Update) As the market heads into the final three days of what has proven to be a fruitful year in spite of many negative headlines, bullish sentiment (aka. complacency) continues to hit excessive levels and has been doing so for several days. This may be foreshadowing a pullback is on the horizon early in the new year. The long-term technical condition of the stock market remains sound, however,