Archives: Current Market Outlook

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Our Current Market Outlook has been upgraded to “Market in an Uptrend” with a green light. The Fed’s interest rate hikes continue to be a serious headwind for growth stocks and the general stock market indexes, but inflation is moderating. The recent attempt for support at the S&P 500’s 50-day moving average is trying to hold. While the market is not out of

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

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Up, Up, and Away? The recent rally phase that was confirmed on the 6th is continuing. The action in the stock market’s internals has improved to the point of an upgrade in our Current Market Outlook to a green condition. While this is good news for the bulls/long-term investors and needs to be considered, the signal is early (that’s one of the things

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment To Quote Buzz Lightyear, “Can!” Happy “follow-through” day? It is too early to tell yet (as of 1:30p) but the stock market has a great start to the day and may confirm at the close that a new rally phase has emerged today. And not a moment too soon! Yesterday we wrote, “As this post’s title states, it is “do or dive” time

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment It’s “Do or Dive” for the Stock Market Happy New Year! And good riddance to 2022. Our prayer for you and yours is that you are in good health; emotionally, physically, spiritually, financially and relationally; and that you are remaining optimistic about the future! Proverbs 24:14 says, “Know that wisdom is thus for your soul; if you find it, then there will be

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Not Asleep Just Yet, the Bears Strike Back Today’s opening action is an expectation breaker. The failure of the S&P 500 to hold its 50-day mav and a simultaneous undercutting of its low of yesterday has caused our Current Market Outlook to flip back to a red signal. As of 9:35am (SPX @ 3,834.69) our Current Market Outlook was downgraded to “Market in

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Hibernation Day? Time for a Year-End Rally While today is the official first day of winter and many of us are bracing for an artic blast named Elliott, the stock market ironically is hot this morning. Are the financial “bears” about to hibernate? A few secondary technical indicators improved with yesterday’s action, and today’s upward opening is further confirmation. As a result, at

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Selling Grows to Adjust for a New Terminal Rate As of this morning’s open (SPX @ 3,870.74) Our Current Market Outlook was downgraded to “Market in Correction” with a red light. Currently our “Core Four” (see top of page) has 2 yellow and 2 red lights. The market has made a beeline to the 50-day moving averages. The Nasdaq failed to hold

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment A Failure at the “200-day”… Again? The year-end cross currents continue. Our Current Market Outlook is being downgraded quickly again to “Uptrend Under pressure” with a yellow light (SPX @ 4,026.54) as of 11:30am this morning. Currently our “Core Four” (see top of page) has 3 green and 1 red light. A whipsawing market is taking shape. A key test of the S&P