Daily State of the Markets
An Old-School Indicator That Bears Watching - Even Today
I recently wrote a position paper entitled The Tactical Dilemma which explored the trials and tribulations that tactical managers have faced since 2011. In the report, I detailed the …
Where I Stand - Clarifying My Position
I've been saying for a while now that from a big-picture perspective, this is not a low-risk environment. Today I thought I would do some "esplainin" on my point of view.
First, let's dispel the idea that my position suggests it is time to take a cautious stance. This is certainly…
Bull Starting To Show Some Wear and Tear
Good Monday morning and welcome back to the land of blinking screens. My guess is that after the big game, the last thing anyone is thinking about is a bunch of market models and indicators. But this is what discipline is all about. So, let's buckle down and run through a review of my fav…
Quick Take: What We're Watching
On one hand, the action since mid-December would seem to suggest that there isn't much going on in the market. On the other hand, there is an awful lot happening these days. So, this morning I thought I'd run through the keys and what we're watching - in executive summary, bullet-point fa…
Lions, Tigers and Bears? Or...
Just about the time you think the new Administration is going to really shake things up in D.C. and the bulls are gonna "keep on rockin in the free world" (hat tip to Messrs Young, Vedder, McCready, Gossard, and Ament for one of th…
Is This a "Good" Overbought Condition?
Good Monday morning and welcome back to the game. Well, that didn't take long. The President doing something controversial, that is. So, with stocks in an overbought condition, it looks like traders have found a reason to do some selling in the early going. And with a decent-sized gap on …
Traders Finally Don the Caps
Well it finally happened. Dow 20K, that is. And yes, there were hats - lots of hats.
After struggling with the big, round number since the middle of December, the venerable Dow Jones Industrial Average finally broke above the 20,000 level and closed Wednesday at a new all-time hig…
Which Story Should We Believe?
So far this week, we've been talking about various market models and indicators. To be sure, the subject can get confusing as oftentimes the indicators can contradict one another. And then yesterday I went so far as to opine that negative readings from a couple longer-term, big-picture mo…
Is Red The New Green?
In yesterday's weekly indicator review, I noted that the colors were starting to change on some of our longer-term, big-picture market models. To be clear, this is NOT a reason to panic, don the helmet, or head for the hills. However, it is a reason to sit up, take notice, and pay attenti…
Colors Changing on the Indicator Boards
Good Monday morning and welcome back. The focus of the market this morning includes the state of Trump policies, the dollar, and rates. And with stocks currently stuck in a tight range, it will be interesting to see which way traders decide to go in the near term. But before we start down…