Sector Leadership Remains Very Strong
This is going to be a quick update as I am standing at the gate in Hartford waiting for my delayed flight to board. It’s never a good sign when early morning flights are late. I am heading down to the east coast of Florida for a quick trip to visit clients and maybe even hit a few golf balls in between meetings if my back holds up. Let’s get the theme out of the way early. The short-term still […]
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Date: February 27, 2017
Short-Term Iffy But Long-Term Remains Strong
Following up from Friday’s post, stocks remain overbought and certainly stretched to the upside although the same can certainly be said all month. They are much in need of a break or at least a quick pause to refresh. However, sometimes strong momentum overpowers everything as we have seen from time to time. I closed last week by saying that the bull market is absolutely not over in my opinion. That prevented the usual emails. Look no further than two […]
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Date: February 21, 2017
Trump Top Ticking Stock Market?
As I write the next issue of Street$marts, there is a lot of Donald Trump included. Not so much from a political standpoint, but more how he is impacting the stock market and economy. It’s really been amazing that every single meeting I have with clients and prospects, the Trump question is the first one asked. As you know, when it comes to investing, I have a strong contrarian side to me. As the late Joe Granville once said, “if […]
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Date: February 17, 2017
Sector Leadership Immunizes Stock Market from Bear Market
On Friday, I wrote about the Russell 2000 and what a potential breakout could mean for the stock market. At the open today, this index hit a fresh all-time high. Before breaking out the balloons and party streamers, let’s see if it can close at new highs and not give back too much over the coming days. With the Dow closing above 20,000 for five straight days I will have a new target very shortly that looks to be several […]
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Date: February 13, 2017
Small Caps Getting Ready to Lead While Worries about Trump Persist
Yesterday, I wrote about the major stock market indices and how the Russell 2000 was finally waking up. Below is an old chart which I first offered in early January. You can see that the small caps have been in a tight trading range all year and are now trying to break out to the upside. With so many studies pointing lower, this is one index which could counter some of the negativity and give the market a little push […]
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Date: February 10, 2017
Stocks Tired But No Reason to Sell Just Yet
Stocks are now in one of the most seasonally strong times of year within one of the most seasonally strong times of year. The big question is whether the market has used up most of the available fuel and needs a break first. Certainly, the last few days have seen a mild pullback. It looks like the bears have a tiny bit of work left to do on the downside. However, those looking for any significant price damage during the […]
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Date: December 19, 2016
Irrational Exuberance
This past weekend was the first official ski weekend for my youngest son and me. And boy was it cold in Vermont! But with mid-winter conditions, it was hard not to overdo it. I overdid it and now I am in a world of pain. Neck, back, quads, calves, fingers. Anyway, as you can imagine, I am usually a chatty one on the lift. Since we typically ride the quad or 6 pack, we are usually with strangers. When people […]
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Date: December 12, 2016
Bulls Continue to Trample Ahead
On Wednesday, I gave a higher level overview of how the stock market is behaving along with the leadership and some key indicators. Nothing has really changed. Almost everything is severely overbought, but they can still become even more overbought. Pullbacks through year-end should be shallow and no more than 2-3%, lasting just a few days. Another piece of good news for the longevity of the bull market came this week. The NYSE Advance/Decline Line scored an all-time high. That […]
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Date: December 9, 2016
Window for Decline Almost Closed
For the past three weeks, our models have been defensive regarding the stock market after the first week’s post-election surge. I often say that when certain conditions are present, a “window of opportunity” opens for a stock market decline. The longer time passes without a decline, the more likely the window will close. Today, the window is starting to close and I imagine that by two weeks from today, it will be fully closed, modest decline or not. The Dow, […]
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Date: December 7, 2016
Yahoo Finance Today & Quick Update
I am excited to join the good folks at Yahoo Finance for their live show today at noon. To watch, go to finance.yahoo.com and you should see the show streaming. While so many people fretted over the election in Italy, the global financial markets don’t really seem to care this morning with the bulls in charge. Although December is a very positive time for U.S. stocks, it’s backloaded, meaning that the second half of the month is much more powerful […]
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Date: December 5, 2016
