Short-Term Pullback Continues
Stocks head in to the new week with the bears in control over the very short-term. That’s it. Not the intermediate-term and certainly not the long-term. The major indices peaked last Monday and look like they are digesting the recent gains in very orderly fashion. More all time highs should follow when this pullback concludes. The next rally is the one I would pay particularly close attention to, especially in the small caps. The Russell 2000 is SUPPOSED to hit […]
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Date: June 16, 2014
Russell Trying to Join Party
Over the past few months I have often warned about the caution signs being given by the major stock market indices not all being in sync together. With 32 months passing since the last 10%+ correction, the bearish camp is hoping that age alone will befall this market. History suggests otherwise. Historically, major index non confirmation or divergence is typically a sign of a market about to correct or in the most extreme cases, the end of a bull market. […]
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Date: June 12, 2014
Draghi Delivers… Bears Lie in Wait
In one of the better telegraphed moves out of the European Central Bank, Mario Draghi & Company gave the market what it had been expecting, using some fairly heavy ammunition to provide stimulus to Europe’s struggling economy. He may not have gone to Hank Paulson’s bazooka just yet, but they are getting close! Thursday was a solid win for the bulls as the Dow, S&P 500, S&P 400 and Nasdaq 100 all scored new highs for 2014 with the lagging […]
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Date: June 6, 2014
Bears Get Another Opportunity
On the Bullish Side It has been a relentless 10 day assault by the bulls with the Dow, S&P 500 and Nasdaq 100 scoring new highs while the S&P 400 and Russell 2000 are fighting to lead. Europe remains near new highs and emerging markets have had a very strong run, much to my delight! The New York Stock Exchange Advance/Decline line continues to see all time highs which has very positive intermediate-term implications for stocks as it is an […]
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Date: June 4, 2014
Squawk Box on Monday @ 6:30 am EDT
I am really excited and looking forward to being with Joe, Becky and Andrew on CNBC’s Squawk Box on Monday the 2nd @ 6:30am discussing the stock market’s latest surge on negative news. It should be a spirited discussion!
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Date: June 1, 2014
Bulls Hangin’ Tough
With the bearish seasonal headwinds this week, the bulls have done a nice job not giving up any ground so far. In fact, the bulls powered ahead on Tuesday and held firm on Wednesday. It certainly looks like the Dow and Nasdaq 100 want to join the S&P 500 at new highs this week. Although the S&P 400 and Russell 2000 have been laggards, they have certainly led the parade over the past week. The real news so far this […]
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Date: May 28, 2014
Bear Trap and Dow 17,000
A week ago today, the major indices saw a solid red day that had the pundits talking correction and investors running for cover. One day later, however, the bulls closed the door on the bears, trapping them in some bad selling decisions. From there, the bulls had control right into the Memorial Day holiday and that should spill over early this week. The Dow has already hit an all time high and the S&P 500 should be soon to follow. […]
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Date: May 27, 2014
Speaking Out of Both Sides of my Mouth
It was such a pleasure and privilege to spend an hour on Fox Business’ Opening Bell with Liz Claman, one of my all time favorite anchors. She was hysterical off camera and we had a lot of fun with the various segments which I will publish here over the next week. The whole Fox Business crew was incredibly nice as they always are. I can’t wait to do it again, hopefully next month. The first topic we covered was Market […]
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Date: May 22, 2014
All Time Highs on Tap
Despite significant warnings from the S&P 400 mid caps, Russell 2000 small caps, Nasdaq 100 and a host of sectors, the Dow Jones Industrials and S&P 500 are poised to see all time highs this week. The headlines will look nice and investors may cheer, but serious damage remains beneath the surface over the intermediate-term. Yes, we remain long various indices and sectors, but we will likely lighten up or hedge on a quick spurt higher. If we do see […]
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Date: May 12, 2014
Key Sectors Sending Up Bearish Warning Signs
Last week, in Major Indices Issue Warning, I discussed how the strength in the Dow and S&P 500 were masking weakness in the other major indices and how a warning sign was given. Today, I go a step further and dive into the key sectors of the stock market. We begin this section with the S&P 400, Russell 2000 and NASDAQ 100 all showing relative weakness, a clear red flag. Below is the first key stock market sector and also […]
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Date: May 9, 2014
