Bullish Week Coming. Healthcare Leading
Stocks are set to open higher to begin Thanksgiving week where we only have 3 1/2 days of trading. This week is typically a good one for the bulls. Last week, the stock market treaded water and the bears definitely had a chance to make some noise. I doubt they will have the same opportunity this week unless a piece of random news hits out of nowhere. As you know, I have been neutral to a little negative in the […]
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Date: November 25, 2019
Bulls Biding Their Time
Stocks continue to trade very quietly lately. It seems like every day there is a narrow range from high to low. And that’s okay. Although I have had short-term concerns for the past few weeks, the bulls have done an amazing job of thwarting each and every little attack by the bears. As I have said a number of times, stocks will either mildly pull back or move sideways for several weeks. Right now, the latter is the preferred scenario, […]
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Date: November 22, 2019
Bulls Still in Charge, But
As stocks headed into November the Dow Industrials, S&P 500 and NASDAQ 100 were all at or very, very close to all-time highs. I know this comes as no surprise to my readers as I have written about my upside projections over and over and over. Dow 28,000 was next, a target I began discussing at the end of 2017. Five straight closes above that level will open up my long, long, longstanding target of Dow 30,000, a pie in […]
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Date: November 21, 2019
Target Hit
On Friday, the Dow hit yet another one of our upside projections. This continues the longest stretch of successful upside targets since I started forecasting them 20 years ago. When the bear market ended in 2009 I remember being on CNBC with Larry Kudlow in early March thinking that stocks could bounce 1000 points before a possible retest of the lows could set up. People thought that was nuts. When stocks exceeded 8500 for five straight days, 10,500 became the […]
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Date: November 18, 2019
Lots of Opps But Market Not Ready For Another Leg Just Yet
Today is options expiration where moves used to be wide and volatile. However, these days expiration has actually become a fairly tame affair. As I wrote about the “haves” and “have nots” in the indices the other day, I think today will shape up to be fairly quiet with an obvious bias to the upside as the bears have been thwarted multiple times this week. Stocks should jump to fresh, new highs this morning but I do not expect an […]
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Date: November 15, 2019
Bulls Recharging. Bears Turning into Bulls
It’s good to be home after a great but quick trip to Dallas. Uncharacteristically, the markets were fairly quiet on Monday and Tuesday while I was away. Usually, my travels bring about all kinds of fireworks which force me to change plans and stress about being available and not missing an opportunity. I hope that doesn’t mean that the next trip will be worse than normal to make up for it! Since I turned neutral on the very short-term, stocks […]
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Date: November 13, 2019
The Neutral Theme Continues
Greetings from Dallas where I am attending NAAIM’s annual Outlook conference with the real thought leaders in the industry. Although I have been involved with NAAIM for almost 30 years, I still get excited and look forward to seeing old friends, meeting new ones and hearing from and participating with true cutting edge thinkers who aren’t beholden to Wall Street’s agenda. So, here we are. Although my intermediate and long-term bullish outlook remains unchanged and emboldened, I remain neutral over […]
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Date: November 11, 2019
Pause to Refresh or Mild Pullback Underway
Earlier this week, I turned neutral for the short-term in the stock market. That’s all it is. Neutral when I look out a few days to a few weeks. I am not calling for any decline of significance and we may not even see a noticeable pullback. Stocks could go sideways to work off what I see as investors becoming a little too giddy or they could mildly pull back. My work doesn’t support much more than that. Of course, […]
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Date: November 8, 2019
Dow Joins Party. Stocks a Bit Tired
Greetings from 36,000 feet on some bumpy air, which is the norm when I fly. On Monday, the Dow Industrials joined the S&P 500 and NASDAQ 100 in fresh, all-time high territory. That’s now three of the five major stock market indices which have accommodated my bullish forecast. The last two, S&P 400 and Russell 2000 still have a ways to go, but I am still very optimistic that they will join their cousins later this quarter or by early […]
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Date: November 5, 2019
More New Highs Coming. The Celebration Continues.
Right on cue, the NASDAQ 100 followed the S&P 500 into all-time high territory. And before you ask, I still believe the Dow, S&P 400 and Russell 2000 will be there shortly. Not a single note of my tune has changed. The bull market remains alive and well and higher prices are a comin’. Of course, you wouldn’t know this from listening to the chorus of bears who remain firm that Armageddon is just around the corner. Taking a quick […]
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Date: November 4, 2019
