David Moenning
Stocks Looking For On-Time Arrival
Good morning and welcome back to the land of blinking screens. Although the market's primary cycles do not change often, I still like to start each week with a clear understanding of what type of market we are dealing with. For me, a quick glance at the color of the cycle board and the we…
A Signal To Ignore?
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Executive Summary:
With recent data showing the initi…
The Song Remains The Same
Executive Summary:
As the title of this morning's report indicates, the condition of the Early Warning board is largely unchanged. It is clear that stocks are overbought, and it can easily be argued that "the table is set" for some downside action. However, I cont…
There Are Risks To Be Considered
As a reminder, we have made a change to the presentation of our market models and my oftentimes meandering morning market missives. The goal is to create a series of more concise, bite-sized reports, which will be published on a daily basis. Below is the weekly publishing schedule:
Are Valuations A Problem Here (Or Not)?
Executive Summary:
Monetary conditions, which includes Fed policy, remain exceptionally/historically favorable. Both economic data and corporate earnings have been coming in better than expected. Inflation, while showing some signs of life recently, isn't likely t…
Traders Still Buying The Dips
Executive Summary:
Both the Early Warning board and my favorite stochastic indicators suggest that stocks are overbought. As such, one can argue that "the table is set" for some downside action. However, I will opine that we've got a "good overbought" condition on…
Lots of Good Things Happening
The question from last week's technical review was whether or not the stock market was "breaking out" to the upside. I noted that while the S&P 500 did indeed appear to be making a run for the border, there was little in the way of confirmation from the other major indices and that ev…
