Relative Strength Conditions
Don’t Fall for This Massive Deception
A giant scam unfolding right now is sure to hit most traders by next month. I’m downright pissed off. Please excuse the language, but you must share my enragement with this historic transfer of wealth happening in front of our faces while our intelligence gets insulted. Facebook, Google, Apple, Microsoft, and Amazon are at it…
Read MoreGood News From an Often Forgotten Sector
We have been pretty vocal about the choppy environment we’ve been in since early February – which is classic year 2 behavior after a big recovery off a previous bottom. And we’ve made it abundantly clear we have seen deterioration of breadth – as fewer and fewer stocks are moving to the upside, with even…
Read MoreAre You Being Deceived?
The S&P 500 index has continued its path into record territory and that may lead many investors to believe “markets” are strong and now’s the time to jump in with both feet. “The fly in the ointment”: Although the S&P 500 index has once again hit new all-time monthly highs, it’s done so with more…
Read MoreMarkets Are Messy – Here’s the Proof
Check out the charts below – where we compare Offense to Defense. This is a tool to do a quick check-in on the overall health and direction of the current market. Here, we compare the strength of the S&P 500 index – representing the asset class of U.S. Stocks (growth) to two defensive asset classes…
Read MoreHere we go again…
Here we go again… if you listen to the media you’ll hear something like this “We’ve come too far too fast”… It’s just noise, don’t buy into it. The media can’t help themselves. But you can! Just months after the fastest decline in excess of 30% in market history, the major U.S. indices are either…
Read MoreAre We Heading for a Crash?
The big run-up in stock prices enjoyed late last year caused the market to become seriously overbought on a technical basis. The market was looking for a reason to pull-back and it found one in fears over the Coronavirus. For the 18th time since the stock market bottomed in 2009, the S&P 500 is more…
Read MoreIs Apple about to take a bite out of the market?
The stock market’s been on an impressive run and investors are giddy. The S&P 500 index ended 2019 with a very impressive 28.88% gain. It seems nothing could slow this market down. In the 4th quarter of 2019, SPX gained +9.77% and broke out to new all-time highs. (Click any image to enlarge) Equity markets…
Read MoreThis Sector Looks Ready for a Breakout
For most of us, January 1 of a new year marks a time to reset, reevaluate and set goals for the new year. On the other hand, the markets could care less about an arbitrary change in the calendar. Markets today continue to do what they did throughout 2019 – rise to new all-time or…
Read MoreThis Sector is On the Rise
Consider this, some of the best and brightest analysts on Wall Street provide investors nothing more than a best guess. Because that’s all earnings “estimates” – or price “projections” – are… a best guess. So these analysts pour through volumes of data; balance sheets, Income statements, PEG ratios, P/E estimates, etc. Then, after crunching all…
Read MoreIt’s Time to “Seize the Day”
Robin Williams said it best in the “Dead Poets Society” when he raised his hands in class and shouted, “Carpe Diem” (seize the day)! What a day – bullishness is everywhere! Last week I told you that both the S&P 500 Index and the Nasdaq broke out to new all time highs. I said what…
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