Archives: Current Market Outlook

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment  “Higher Rates? Head for the Gates!” We coined that expression just last week and it is already making its presence felt as selling pressures are growing, especially on the Nasdaq, due to higher rates. As a result, our Current Market Outlook has been downgraded to “Market in a Correction” with a red light as of 10am ET today (SPX @ 4,413.09). Our “Core

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The “Not So Magnificent Seven” But “beware the tech behemoths!” We made that statement in our last post (July 19th) just as the Nasdaq was hitting highs for the year. The math of the market (as discerned by our proprietary “Core Four” daily market internals formula) warned us things were deteriorating and caused a downgrade to yellow (caution) in our “Current Market Outlook.”

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Selling (Profit Taking) Beginning to Make Itself Felt With stealth selling starting to take place under the stock market’s surface (especially in Tech-land), our Current Market Outlook was downgraded to “Uptrend Under Pressure” with a yellow light as of noon today (SPX at 4,574.31). Our “Core Four” (see top of page) now has 2 green, 1 Yellow and 1 red light with a

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment The Only Thing Hotter than Summer: Stocks? Our Current Market Outlook was upgraded to “Market in an Uptrend” with a green light at last night’s close (SPX at 4,472.16). Our “Core Four” (see top of page) now has 2 yellow and 2 green lights with a hibernating VIX. With the “dog days” of summer pressing in, the popular indexes are acting more like

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Be Careful Out There Our Current Market Outlook has been downgraded to “Uptrend Under Pressure” with a yellow light as of today’s close (SPX at 4,446.82). Our “Core Four” (see top of page) still has 2 yellow and 2 green lights but with a bottoming VIX. Keep a sharp eye on the VIX in the days ahead as an important confirming signal. With

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment God, Please Bless America… Again Our Current Market Outlook was upgraded to “Market in an Uptrend” with a green light at 10:30am today (SPX at 4,344.29). Our “Core Four” (see top of page) has 2 yellow and 2 green lights. The Fed’s pause in interest rate hikes earlier this month has fueled the recent rally in growth stocks and the general stock market

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment To Hike or to Delay the Hike… The stock market has enjoyed a smart rally over the past 2 weeks and as such has gotten ahead of itself, or what technicians say is now “extended” which means it is ripe for a sharp pullback – a profit taking phase. Going into today’s all-important Fed rate decision, our Current Market Outlook is being downgraded

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment To SPX 4,300… and Beyond?  The uptrend continues. Since our C.M.O went green 2 weeks ago, the major indexes have pushed to new highs for the year and to index levels not seen since the summer of ’22. Our Current Market Outlook remains “Market in an Uptrend” with a green light (SPX at 4,313.97). Our “Core Four” (see top of page) has 2

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment And it’s off to the Races Again  In the face of great uncertainty, big investment institutions are selectively putting massive amounts of capital back to work… and as such, our mathematical signal has improved and we must follow the markets lead. As of this morning, our Current Market Outlook has been upgraded to “Market in an Uptrend” with a green light (as of

The Triumphant Core Four NYSE Internals Moving Averages Professional Selling Investor Sentiment Not So Fast  The stock market may be experiencing a “false start.” If you are familiar with track or swimming events, you know what that term means. As in the world of sports, where you get a second chance after committing a false start, the same is often true in the stock market. The push to 2023 new highs (aka. showing indication) on