Will the Island Top Kill the Bull???
It’s been a little longer in between updates as I was traveling in Florida for a board meeting as well as seeing some clients and visiting relatives. My 98 year old grandmother says “hello”. I feel like I need a break from eating after so many fantastic meals not to mention great conversation all around. Also, there really hasn’t been much to say. I like when the markets are calm and quiet when I am on the road. Makes life […]
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Date: August 18, 2016
Clown Parade Continues
On Twitter and www.investfortomorrowblog.com I have been fairly aggressive in calling out the so called “masters of the universe” in their widespread and uniform calls for a stock market collapse… for months. To me, it’s like a parade of clowns who have continued to lose credibility. Being early is the same as being wrong. And as I often like to say, it’s okay to be wrong, but it’s not okay to stay wrong. That’s coming from someone who has made […]
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Date: August 11, 2016
Is THIS the Week When the Sky Falls?
Roughly one month ago, after an historic lift off post BREXIT, stocks had become overbought which is a technical term for a little too far too fast. Most pundits in the media were calling for a pullback before they would buy. As I have discussed for longer than I have been writing this blog, the masses seldom get what they want or predict. When stocks bottom, the first rally is usually very powerful as it catches the majority off guard. […]
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Date: August 8, 2016
Hillary’s Impact on Stocks
Since the historic breadth thrust in stocks after the BREXIT, the market has certainly quieted down. I have written about the “coil” for two weeks and nothing has really changed. There is a big move coming sooner than later! I am keenly watching leadership for signs that a fresh leg higher towards Dow 20K has started. Turning to the presidential election hysteria, it’s certainly been anything but quiet! BRUTAL is the first word that comes to mind. My opinion regarding […]
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Date: August 4, 2016
Careful Getting too Negative
Last week, I wrote about stocks being “coiled” up and ready for a big move. I also warned that many times, we see a fake in the opposite direction of the trend that shakes weak investors out, only to see a reversal from there. Today, the major stock market indices are finally seeing the bout of weakness which has been forecast by the pundits for weeks. Remember, being early is also being wrong. For now, we are seeing stocks break […]
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Date: August 2, 2016
What’s SUPPOSED to Happen versus What ACTUALLY Happens
Earlier this week, I mentioned that stocks were coiled up and looking for a big move. Since then, only the NASDAQ 100 has done anything and that was really just on Apple’s earnings beat. Overall, it’s been a very quiet week without any volatility at all. That’s likely to change sooner than later, but unlikely to be today. As I have mentioned over and over, the post-BREXIT thrust, pullbacks are likely to be shallow as the masses were caught off […]
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Date: July 29, 2016
Not so Special, Special Fed Update
Let me begin this special FOMC update by saying that all three very short-term markets trends based on the Fed’s meeting ending today have lower probability of success this week although there may be a sign pointing to lower prices by the end of the week. Stay tuned. Without a crisis like 2008, Janet Yellen & Co. will find it tougher and tougher to discuss an interest rate hike during the heat of the political season. While the Fed is […]
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Date: July 27, 2016
Stocks Coiled Up for a Move
Good Monday Morning! If you looked for me on FOX Business last Friday, I wasn’t there as the attack in Germany meant more geopolitical news and less market discussion. My segment was rescheduled for 2:50 pm this Wednesday which is right after the Fed concludes their meeting and announces no change in interest rates. There’s not a whole lot new today to review. Stocks remain very overbought, but an awful lot of investors are looking for that pullback to buy. […]
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Date: July 25, 2016
FOX Business TODAY & Dow 20K
I am going to be on Fox Business’ The Intelligence Report with Trish Regan today (Friday) at 2:50 pm edt discussing my forecast for stocks and the markets, especially with the Fed set to meet next Tuesday & Wednesday. Trish is heading back from Cleveland so Ashley Webster is filling in. It has been truly amazing what a little rally has done to market sentiment. At the BREXIT bottom, as the pundits, masses and media all panicked and headed for […]
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Date: July 22, 2016
And NOW They Want to Buy?
Although fresh all-time highs are making headlines, making it seem like there’s a lot of action, the past week has been fairly quiet for stocks. On the surface, it looks like the first leg of the post-BREXIT rally has ended. However before you think about turning negative, I remain very positive on the intermediate and long-term. It’s the short-term that looks like a pullback or coin flip as sentiment has become a little too giddy and the pundits have all […]
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Date: July 21, 2016
