Daily State of the Markets
Four Reasons Buyers Are On Strike
Stocks have now declined for eight consecutive sessions, something that apparently hasn't happened since the bad old days of the credit crisis (and for the record, the S&P 500 hasn't fallen nine straight days in 36 years). In the process, the S&P has snapped trendlines, support zo…
Short Take: It's Getting Ugly Out There But...
It was a late night celebrating the cessation of 47 years of personal frustration with the Cubbies (I watched every game as a kid in 1969, still have the mug with the names Ron Santo, Don Kessinger, Glenn Beckert, Billy Williams, Jim Hickman, Randy Hundley, and of course, Ernie Banks embl…
Indicator Review: Stay The Course
Good Monday morning and welcome back. Let's once again start the week off by reviewing the state of our major indicators and models.
The first step is a review of the price/trend of the market. Here's my current take on the state of the technical picture...
There ca…
Investors Should Stop Worrying About...
The recent trend of intraday strength being met with selling continued yesterday. As an indication that the action remains sloppy and conflicted, I present the fact that stocks have now flip-flopped between gains and losses on a closing basis for nine consecutive sessions now.
And…
Uncertainty Seems To Be The Key
With the focal point(s) of the stock market appearing to move around a fair amount lately, it is important to keep up with all the issues. By my count there are six worries/concerns at this time including the dollar, rates, the Fed, the state of the economy, valuations, and the election.
Indicator Review: It's Getting Tense Out There, But...
Good morning and welcome back. Since the focus has been jumping around a bit lately, it will be interesting to see which issues catch the interest of traders on this fine Monday morning. But first, let's stay disciplined and start the week off right by reviewing the state of our major ind…
Is It Time To Turn That Frown Upside Down?
To be sure, the action in the stock market has been sloppy for the better part of three months now. For example, the S&P 500 closed at 2163.75 on July 15 and at 2163.66 yesterday - can you say, sideways?
Yes, there has been some drama along the way as traders have fretted abou…
Indicator Review: Can You Say Neutral?
Good Monday morning and welcome back. Before we let the blinking screens take over our lives again, let's step back and look at the state of the market and review our objective major market indicators/models.
The first step is a review of the price/trend of the market. Here's my c…
Why Tactical Isn't Working - Part VII (The Solutions)
This morning I'd like to finish what has turned out to be a rather lengthy series on why tactical management strategies have not been living up to expectations over the last several years.
Last time, we talked about the role that "the machines" play in the stock market and the imp…