Late cycle warnings abound! Equities are in for a move lower but the real concern may be from overseas as Europe slips towards recession.
Take Me To Your Leader…
The dog days of summer trading are here and the market is a mixed bag. The leading sectors of the last few weeks have been utilities and REITs – both defensive. Stock indices have generally moved higher over the last week except the Russell 2000 which faded lower into Friday’s close – a leading indicator […]
Bonds vs. Stocks
Almost a good week for the stock market. What looked to be a breakout mid-week, ended up being weak price action that confirmed a technical pattern that implies we are likely to test the lows again next week. Let’s take a closer look at the S&P 500 to see what is going on: Another […]
Will Syria Tread on the Stock Market?
Stocks ended up higher this week but sold off into Friday’s close in what may have been in anticipation of military action with Syria. From what I can tell, it seems as though the U.S. bombing of Syria may be completed but there may be retaliation (military and/or economic) of some kind in the coming […]
A Bull with No Horns and a Bear with No Claws
It has been two weeks since my last post and we have ticked a new all-time high in the NASDAQ and had an encouraging jobs report. However, the stock market hit a wall this past week and has exhibited little direction in the last three trading sessions as evidenced by below average volume and choppy […]
THE Fortnight of 2018
The next two weeks will be critical for the stock market. The bounce from the 2/9 low ended this week and now comes wether we test that low or hold this three+ week uptrend. Let’s take a look at an updated chart for the S&P 500 to get an idea of what might happen: As […]
The Markets, a Shutdown and You…
The shutdown happened Friday night as the Senate failed to pass the budget, however, the stock market rallied into Friday’s close despite this looming situation. Did the market get it wrong or does it not care? Shutdowns are temporary political situations and this one is over immigration. There is a March 5th deadline on DACA […]