Archives: Current Market Outlook

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Is the “Powell Put” in? What is a “put?” Simply stated: a financial instrument intended to limit downside price risk. With his Jackson Hole speech last week, Fed Chairman Jerome Powell appears to have effectively put a “put” in under the stock market in the form of future interest rate cuts in the event of softening corporate earnings (and falling stock prices). Why

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Up: At Least Temporarily In our last post we posed the question: Where do we go from here? The stock market, which is in the middle of a new rally attempt, is answering the question and it appears to be “UP, at least temporarily.” Our Current Market Outlook was upgraded to “Uptrend Under Pressure” with a yellow light as of the close yesterday

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Where do we go from Here? The stock market is in the middle of a new rally attempt and is waiting for an official “follow through day” (FTD) to confirm the new rally. Long time readers of this post know that not all FTD’s work. In other words, just because a FTD happens and confirms the new rally attempt, it does not automatically

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Opposite of Fed day, Indeed As posted on our C.M.O landing page yesterday, “our Current Market Outlook has been downgraded to “Market in a Correction” with a red light as of 11:00am on 08/01/24 with the SPX @ 5,487.80). Our Core Four has 1 green and 3 red lights, with a VIX that is surging above its own 50-day mav.  The S&P500 and

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Biggest Fed Meeting Ever? Some are saying that tomorrow’s Fed decision has the potential to be huge. Maybe the biggest meeting ever… at least since the last time it was the biggest. We don’t know about all that, but we do agree that a lot is at stake this week. Can the Fed cut rates right before an election and not look intentionally

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Say it isn’t so, Joe We are grieved for the American people. Our nation deserves better than this. The leaders on the DNP (as well as their minions in the press corps) have done a grave disservice to not only their party but to the American people at large. Our election (selection) process shouldn’t be run as a high-drama game or an overly

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Rotation, Rotation, Rotation / Fight! Fight! Fight! Everyone knows the three most important words in real estate are: “location, location, location!” Well, in the stock market it appears that the three most important words are “rotation, rotation, rotation!” And if you think about it, they are very similar. “Location” is where everyone wants to be now, and “rotation” is where institutions are going

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Debt Clock Remember back when we used to hear a lot about the “Debt Ceiling?” At certain times in history, it was all over the news and you couldn’t get away from it. Truth is many Americans believed there was such a thing and that it mattered. They even hoped Congress would respect it and stay under it. Now before you laugh

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Declaration of Independence Question: Do they have the 4th of July in England? Answer: Yes, it comes between the 3rd and the 5th. Now what if the question asked, “Do they celebrate…?” What a difference one word makes! The same is true when discussing the Declaration of Independence. Several years ago, our Triumphant team made a declaration of independence when we transitioned

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Another Big PCE Number is Coming on Friday If a week without a big economic release or a Fed meeting would seem rather unusual now, this week won’t disappoint. Brace yourself for “another big PCE number” on Friday (insert YAWN). Be careful! The moment most participants get bored with key economic releases is the moment they matter the most. Complacency should be a