All-Time Highs in Sight
This is it. Put up or shut up time for the Dow and S&P 500. Both are positioned constructively to power to all-time highs over the next week. And I think they will. With sentiment mixed, it’s hard to believe that there will be any mass celebration of new highs, especially with the index problems I discussed here. In fact, I think there is very little chance that the three other major indices will confirm the Dow and S&P 500 […]
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Date: May 6, 2014
Major Indices Not Singing a Good Tune
2014 may be young, but so far, it’s exhibiting a very different character than 2013 with the rate of ascent completely flat lining and the high flying leaders hit very hard. In other words, the year has been digesting as I wrote about in the 2014 Fearless Forecast. Don’t get me wrong, just because I forecast this type of action doesn’t mean it has been an easy year to make money. It hasn’t. And I don’t think that changes just […]
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Date: April 25, 2014
Bernanke’s Worry Lines & CNBC’s Closing Bell
I will on CNBC’s Closing Bell today, Friday, at 4:00pm discussing the lack of any taper from the Fed, what they see that the masses don’t and where the markets are ahead. Earlier this week in Street$marts (click on link to see) and on my blog, www.investfortomorrowblog.com I spelled out the three scenarios that could result from the Fed meeting. While I did not believe any taper was warranted, the market was expecting a token $10-$15 billion. When Bernanke & Company did nothing, risk […]
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Date: September 20, 2013
Bull Market Run to Continue
Stocks have a done a good job over the past few weeks of shrugging off the events in Syria, the uncertainty at the Fed and the less than stellar economic news. It doesn’t “feel” like the two month consolidation is over and Dow 16,000 is right around the corner, but we will let the market tell us. I do continue to believe that more all time highs are ahead in the fourth quarter and into 2014. Here is my most […]
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Date: September 10, 2013
Oh My! 3 Down Days in a Row!!
Should we break out the crash helmets? The market just went down three straight days! Yes, it was and is stretched, but there isn’t enough internal damage to warrant more than a routine, healthy and normal 3-8% pullback. A much larger correction is coming; it’s just not right now. If and when the major market indices close below the lows from August 7, we should see a deeper bull market pullback. Here were my comments from the interview I did […]
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Date: August 8, 2013
Short-Term Crossroad
Interesting crossroad for the stock market. Price action says more rally coming shortly while sentiment and internals argue for a 4-8% pullback into August. I guess both could occur in theory. With the Dow, S&P 500 and Russell 2000 hitting fresh all time highs, it will be telling to see if any more cracks appear in the market’s foundation. We’ll take a look at our regular column of Canaries in the Coal Mine shortly. Yesterday, Ben Bernanke’s much anticipated and […]
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Date: July 18, 2013
