10:08:06 PM EDT |
One Day Rally
All the major indexes closed at new highs on Wednesday. That was the only material gain except for the Nasdaq.
11:25:21 PM EDT |
Is This Time Different?
The prior week the market was showing a potential topping pattern with a Dow close at 21,179.
10:12:49 PM EDT |
Potential Topping Pattern
Increased volatility and wider ranges can be a symptom of a topping or bottoming process.
11:10:52 PM EDT |
The last week of the quarter did not follow the historic trend and the outlook is borderline bearish.
10:12:56 PM EDT |
What do you do when the charts and indicators do not agree with your outlook?
3:59:51 PM EDT |
Another Week of Indecision
The Dow is about the only broader average index that has consistently pushed higher for the past 4 weeks while the others bounce around looking for direction. Even the weaker tech indexes spent the week chopping up and down, finishing with a doji.
11:26:23 PM EDT |
Whenever the Nasdaq decides to take profits it is always painful.
10:01:05 PM EDT |
I noted last week the S&P had pushed through 2,400 and could be poised to move higher.
11:26:54 PM EDT |
New Leg Higher?
The S&P finally broke through 2,400 and could be poised to move higher
3:49:54 AM EDT |
Last week I discussed the "Best Six Month Strategy" and what would trigger a market exit.
11:20:01 PM EDT |
Best Six Month Strategy
This could be the year where this strategy really pays off.
10:10:59 PM EDT |
Traders were shocked to see the market showing signs of life on Friday afternoon after two weeks of dormancy.
11:48:18 PM EDT |
The markets rocketed higher on Mon/Tue but stalled at key resistance across all indexes.
11:35:31 PM EDT |
Big Cap Techs Lead
The big cap tech stocks continue to lead the market but we are starting to see some significant divergence.
11:36:57 PM EDT |
Right on Schedule
The first two weeks of April were erratic and interspersed with gains and losses.
11:26:54 PM EDT |
Ships Can Sink in a Calm Sea
The coming week could be calm but there is nothing preventing a sudden storm.
9:55:24 PM EDT |
April trading is typically interrupted by bouts of volatility but no material declines. This year may be different.
9:43:32 PM EDT |
Market internals reversed from slightly bullish to bearish last week.
11:14:53 PM EDT |
Market Internals Still Bullish
The broad market indexes posted minimal gains last week despite the post Fed bounce.
11:36:02 PM EDT |
Broad Market Confirmation
Many times we have a single index or two lift the market higher because of the outperformance of several stocks in a specific sector.
11:30:49 PM EDT |
Bullish sentiment as measured by Investors Intelligence is at 30-year highs.
10:17:31 PM EDT |
Fork in the Road
The market rally is headed for a fork in the road with the president's speech on Tuesday evening.
10:36:29 PM EDT |
No Decline in Sight
This is turning into a "hold your nose and buy it rally."
10:56:53 PM EDT |
All the fence sitters waiting on the sidelines this weekend are wondering if the market breakout is the real deal.
4:42:07 PM EDT |
Please Squeeze Me Again
The Dow rallied back over 20,000 on Friday but it was one more monster short squeeze powered by the financial sector.
11:14:06 PM EDT |
The Dow 20,000 target was hit and investors are not showing as much interest in chasing prices higher.
11:00:59 PM EDT |
Now Back to Regular Trading
With the inauguration event risk behind us, the market should return to normal. The only problem for traders is determining which normal we are going to get.
11:27:08 PM EDT |
Pivotal Week Ahead
I hope this is the last time I warn of a pivotal week for quite a while.
10:13:55 PM EDT |
If you blinked you missed the buying opportunities last week.
10:50:24 PM EDT |
Buying Opportunity Ahead
January, where hope and change meets reality.