The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Our Current Market Outlook is “Market in an Uptrend” and our light is “green“. Based on underlying technical conditions in the major indexes (especially the Nasdaq), the current environment for making money in superior growth stocks & general stock market indexes has improved due to the massive amounts of stimulus provided by the US Govt. Risks remain higher than normal as the Covid-19

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,

“Oh what fun”… Phase One is done! (11:10 am Update) Just over one hour ago Chinese trade representatives held a press conference and announced details of the Phase One trade deal with the US. (The President had tweeted yesterday that a deal was very close. He was right, again.) Initially, the stock market rallied sharply on the news. As of this moment, the indexes are near their flat lines with a small loss on S&P500

Fully in gear, the market is serving up a feast! Last year at this time the market laid an egg. This year there is meat on its bones. The technical condition of the stock market remains sound and our Current Market Outlook remains “Market in an Uptrend” with a “green” light. Based on strong technical action in the stock market this past week, all four of our “Core Four” internal indicators are back to green.

Call us old fashioned, but… Fresh all-time highs continue on the major indexes, but a crack may be emerging. The technical condition of the stock market remains sound and our Current Market Outlook is “Market in an Uptrend” with a “green” light. One of our “Core Four” internal indicators has turned red, while the other three remain green. A sloppy (even weak) Advance/Decline line along with a growing expansion in 52 week lows on the

Technical “internals” continue to confirm the uptrend. The S&P500 went deep yesterday and again today with fresh all-time highs and created a walk-off celebration on Wall Street! The party was somewhat muted, however, due to the failure of the Nasdaq and Dow Jones Industrial averages to do the same. The technical condition of the stock market remains sound and our Current Market Outlook is “Market in an Uptrend” with a “green” light. Our “Core Four”

Technical “internals” are improving as headline risk is decreasing.  (11am update) The technical condition of the stock market has improved and as a result our Current Market Outlook has changed to “Market in an Uptrend” with a “green” light. Our “Core Four” internal indicators show one yellow and three green signals. Net result: the uptrend is underway again. One caveat to this good news is that the number of Distribution Days on the S&P500 and

Technical “internals” have weakened while headline risk has increased.  The technical condition of the stock market has deteriorated just enough recently to push our Current Market Outlook to “Uptrend Under Pressure” with a “yellow” light. Our “Core Four” internal indicators show two green and two yellow signals. Net result: the uptrend is under pressure. With an increasing number of Distribution Days on the S&P500 and the Nasdaq on top of severe price damage to many

Technical “internals” have improved, but headline risk remains.  The technical condition of the current stock market rally has improved to the point where our Current Market Outlook has been upgraded to “Market in an Uptrend” with a “green” light. Our “Core Four” internal indicators show all green signals. Net result: the uptrend is gaining traction. While uncertainties regarding the China trade war and the next Fed interest rate decision continue to hang over the market,

Investor discretion is still advised. The stock market remains at a major inflection point. The current rally attempt is being held hostage by negative reports regarding the China trade war and angst over the next Fed interest rate decision. The bulls are waiting for a catalyst to drive it higher, while the bears are convinced a recession is eminent and the next major leg is down. All in all, the outcome of the current standoff

Warning! Investor discretion is advised. Ok. So much for the serious tone. But why so dramatic? The stock market is at a major inflection point. (noun: a time of significant change in a situation; a turning point.) Over the next several days, the current stock market rally attempt will be extremely vulnerable to significant negative news regarding trade wars or Fed interest rate decisions. At the same time, the market is hoping for (and seriously

The major stock market indexes were swamped by intense Distribution (professional selling) again today and undercut their 50 day moving averages like a Jianshi warriors sword through bamboo. A rejection by the Chinese to buy American farm products and a simultaneous blatant devaluation of their currency pushed global stock markets off the Great Wall. Our “core 4” market internal indicators are now all in the RED zone and our Current Market Outlook has been downgraded

Has the Powell pivot turned into a Powell pounding? Probably not. It seems like the 1/4 percent rate cut was meant to be more of a present given to the stock market than a punishment. But at least for today, the market pouted that it didn’t get its 1/2 percent cut. The main stock market indexes succumbed to intense professional selling (aka Distribution), which started during Fed Chief Jerome Powell’s press conference, and as of

The summers heat is not the only thing that’s hot right now! Continued record closing highs on the S&P500 and the Nasdaq, and a 1.6% surge in the heretofore struggling Russell 2000 small-cap index turned up the heat on the bear camp today. Our Current Market Outlook remains “Market in an Uptrend” with a “green” light. We are calling this bull move “The Timex Rally”. Why? Because it takes a licking and keeps on ticking.

New all-time highs on the S&P 500 are creating fireworks in the financial media! With the Nasdaq and Dow Jones Industrial indexes just a whisper away themselves, our Current Market Outlook remains “Market in an Uptrend” with a “green” light. Two weeks ago we wrote, “For now, Mr. Market is saying “do as I do, not as the news media says”. The markets’ internals continue to improve and the rally is expanding. No Distribution Days

How tweet it is! (Please pardon our humor, but with todays market action we couldn’t resist.) The Presidents early morning positive tweet about upcoming trade talks with China sparked a buying frenzy and caused the major stock market indexes to bolt ahead on strong volume. In the process, todays move confirmed the June 7th follow-through day and caused an upgrade in Our Current Market Outlook to “Market in an Uptrend” with a “green” light. For

Today the market celebrated hopeful good news regarding Mexico like it was cinco de mayo, and in the process confirmed a “follow-through day” (FT day) on day 4 of its new rally attempt. Then after the close today President Trump announced an indefinite suspension of tariffs on Mexican goods coming into our country. While this news is good and should bode well for a continuation of the current rally, investors should watch the market action

The major stock market indexes rebounded sharply today after setting new price lows for this current correction just yesterday. While the strong snap-back rally in response to Fed Chairman Powell’s dovish comments this morning was encouraging, officially today was only day 1 of a new rally attempt. Unfortunately, todays move came with lower total trading volume than the previous days rout. As such, our Current Market Outlook remains “Market in Correction” with a “red“ light.

(11:30am update) Our Current Market Outlook has changed to “Market in Correction” and our light is now “red“. The stock markets uptrend has slipped into a correction. With last nights fourth consecutive close under the 50 day moving average by the Nasdaq and the S&P500, and this mornings “fears of global economic slowing” sharp sell-off on top of an already weak technical backdrop (mentioned yesterday), our official signal is now downgraded to a “red” light.

(11am update) Our Current Market Outlook remains “Uptrend Under Pressure” and our light is still “yellow“. The stock markets uptrend is hanging on by a technical thread. With three successive closes under the 50 day moving average by the Nasdaq and the S&P500, the market must make an immediate strong move up to keep from succumbing to the growing selling pressure and being downgraded to a “red” light. On a more positive note, the market

Our Current Market Outlook has been changed to “Uptrend Under Pressure” and our light is now “yellow“. The stock market came under significant selling today in response to escalating trade tensions with China, and in the process knifed through the first of two key moving averages and sank further under an important trendline. The bulls ability to support stocks and drive prices into all-time high territory will face a major test this week as worries

As 2 of the 3 major stock market indexes plow into all-time high price territory, our Current Market Outlook remains “Market in an Uptrend” and our light is “green“. Currently, each of our “core 4” internal indicators are green. Our regular readers know that our signal turned bullish (green) on January 17th and has stayed there since. This once again proves the internal math of the market trumps the TV talking heads and investors fickle

With the full effects of spring beginning to sprout across the landscape, there’s more green than just the great outdoors. Our Current Market Outlook light remains “green” as the market’s solid uptrend has been resilient. The stock market almost succumbed to a late frost twice in March but managed to avoid slipping into a caution condition, or yellow light, as buyers emerged (not being afraid to see their shadows) and the indexes kited higher. With a gentle

Our light remains green… barely! Today a second of our “core 4” internal indicators went “yellow” and created a 1st-stage sell signal. A third of the “core 4” is at a tipping point. For the second time this month the stock market status is on the verge of slipping to an official yellow light, which would cause a change in our Current Market Outlook to uptrend under pressure. Just over 2 weeks ago the market

The market suffered Distribution (professional selling) again today while the S&P500 & the Nasdaq both sliced down through and closed under an important short-term moving average. As of today, one of our “core 4” indicators turned yellow. The market is on the verge of slipping to an official yellow light which would change our current market outlook to uptrend under pressure. Tomorrow (Friday) will be a key day to see how investors respond to the