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Tag: stock market scenario

Bulls Not Ready to Surge Just Yet

In what seems to be the trend for most of 2015, price breakouts above previous high points have largely been rejected. While that’s not to say that the bears have come in and taken control over the intermediate-term, we have seen small pullbacks until the bulls get ready to step up again. Eventually, as I have written about all along, this three or six month trading range will resolve itself to the upside; it just doesn’t look like it’s right […]   Read More
Date: May 21, 2015

American Pharaoh Begins the Week at the Highs

The bulls begin the new week a little higher than this time last week and within striking distance of all-time highs in the Dow, S&P 500 and S&P 400. Not a single thing has changed in my bullish intermediate and long-term outlook. The stock market should continue higher on its way to Dow 20,000 with periodic bouts of weakness to keep everyone honest. As I have been writing about since early 2012, any and all pullbacks should be viewed as  […]   Read More
Date: May 18, 2015

Short-Term Murkiness Continues

While I continue to be intermediate and long-term positive on the stock market, there remains a small cloud over the markets in the short-term. That usually means a pullback, which equals weakness to the tune of 3-7%. Market sentiment has become slightly less bullish, but not to the degree where I believe the next launch to all-time highs can begin. Recent price action shows the S&P 500, S&P 400 and NASDAQ 100 poking to all-time highs and then being rejected […]   Read More
Date: April 28, 2015

Only Sentiment Holding Back Bulls

The markets begin a new week with a huge stream of earnings on tap including Intel, JP Morgan and Goldman Sachs. The European Central Bank is scheduled to meet and there are a number of important economic releases with inflation being front and center. On Friday, it’s April options expiration. The major indices look neutral to positive as the S&P 400 and Russell 2000 are a whisker away from all-time highs while the S&P 500, NASDAQ 100 and Dow are […]   Read More
Date: April 13, 2015

Q2 Begins Where Q1 Left Off

I hope you all enjoyed April Fool’s Day. I know I definitely did and the emails, calls and texts continue rolling in. Even the media called for an interview about my new gig! 🙂 The first quarter and the month of March rolled in like a bear and both rolled out like a bear, meaning that the bears had the upper hand at least in the short-term. During the middle of the quarter, the bulls were in firm control. The […]   Read More
Date: April 2, 2015

Goldilocks

The stock market continues its Goldilocks behavior of not too hot and not too cold. Two steps up and half or one step back. On Monday, markets were a little too warm early on and that should lead to a little cooling over the coming week or so. It should be just another small pullback in an ongoing uptrend in the context of major bull market. Until proven otherwise, any and all weakness is a buying opportunity. On the sector […]   Read More
Date: March 24, 2015

Blue Skies

Another day, more blue skies for the major stock market indices. The pain for the bears has to be strong and growing, but I have yet to see evidence that they are throwing in the towel en mass. And price action has done absolutely wrong to suggest anything more than a trading pullback. As I mentioned the other day, I think it pays to be a little more vigilant here, not that I think we are going to see a […]   Read More
Date: February 23, 2015

Time to Be Careful

Before I dive in, let me be very clear, I remain bullish over most time frames. Nothing has changed. Five straight closes above 18,000 as I spelled out on CNBC last week and many times over the past six months may create a slingshot to 20,000 this year. The bull market is old and wrinkly but not dead. Same old lines from me. The headline about being “careful” is more about the short-term and because stocks just broke out to […]   Read More
Date: February 18, 2015

Bears Pulling a Pete Carroll?

The bears began Monday’s trading with the ball, seemingly just needing to breach the lows to force a wave of technical selling. It shouldn’t have been that difficult. After multiple intra-day reversals by the bulls stocks ended sharply higher on decent internals. While that all looks very nice and neat on a chart, I would have still preferred to see a clear breach of all recent key lows by at least the majority of the major indices. All we saw […]   Read More
Date: February 3, 2015

Bears to Pounce at the Open

Stocks look to open sharply lower this morning on a variety of news events, although none that are singularly that bad. Greece is in the headlines yet again and frankly, if they are going to exit, let’s just get it over with. Their economy and market is not even a rounding error in the grand scheme of things, but a Grexit will open the door to the southern European countries saber rattling about an exit if they are not bailed […]   Read More
Date: January 27, 2015