Bulls Powering Through Short-Term Fatigue
With the Fed, UK elections, tariff deadline and impeachment seemingly all out of the way, stocks continue to forge ahead, even in the face of some short-term fatigue. That’s obviously bullish in and of itself. As I mentioned last week, it is very tough to see any kind of measurable selling this late in such a strong year. Something would really have to come out of left field. I have spent a good deal of time on small caps of […]
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Date: December 16, 2019
Small Cap Value FINALLY Breaks Out – Stocks Tired
Going in to this week, the markets had four big issue to deal with. The Fed, UK election, Dec 15 tariffs and impeachment. I really thought one of the first three would have caused one of those 1-3 day shakeouts into the usual mid-December low this or next week. That certainly hasn’t been the case and as I have said all along, I think impeachment is a just a media distraction and nothing to take seriously for the economy nor […]
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Date: December 13, 2019
Small Stocks Continue to Look Interesting
For the past few weeks, I have been mentioning the action the Russell 2000 index of small cap stocks. Along with the S&P 400 index of mid cap stocks, this group has been lagging the returns of the more popular Dow, S&P 500 and NASDAQ 100. I continue to believe the Russell’s fortunes are changing, if only for a short period of time. Below is a chart I have shown a few times before. It’s the Russell 2000 with the […]
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Date: December 9, 2019
Was That All?
On Wednesday, I wrote that stocks were supposed to bounce and not to be surprised if they regained all they lost a few days earlier. However, the odds did not favor the whole pullback/consolidation being over. I am still in that camp although with this morning’s much stronger than expected employment report and the pre-market surge, I guess I have to be open to the notion that the little bout of weakness is over. We will certainly see in the […]
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Date: December 6, 2019
3 in a Row for the Bears as ISM and Trump Give Aid
The bears are on a three day winning streak with Tuesday scoring the most points and the chorus growing louder that this is anything but a harmless little pullback. On Monday, the media chalked up the decline to the ISM survey which was disappointingly weak. If that was truly the case, why did bonds also sell off? If the economy was weakening, shouldn’t bonds have rallied? My good friend, Tony Dwyer (@dwyerstrategy), offered that the media reported a disappointing number […]
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Date: December 4, 2019
Lots of Action Across the Board – Stay Alert
Welcome back from Thanksgiving! I hope you had a safe, fun and meaningful holiday!! For me, I was very thankful to be alive after my mid-May mishap. As usual, I will have the various details of the Schatz Thanksgiving feast in an upcoming Street$marts. With 11 full months in the books, December trading starts today. The last month of the year is typically a very bullish one, especially when it begins in rally mode. 2018 was certainly an outlier that […]
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Date: December 1, 2019
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
