The strong stock market gains a week ago set the stage for the market’s resilient performance last week. After the long weekend, stocks opened under pressure on Tuesday, which I had predicted based on the previous week’s excess bullishness. The S&P 500 was down almost 2% on Tuesday, but closed well above the lows. It continued to…
Read more
Can You Bank On A Stock Market Bottom?
December 30, 2018: Prior to last week’s action many of the technical and sentiment measures that I follow had reached extreme levels not seen in the past ten years. One such measure uses the NYSE Advance-Decline data. The chart from last week (Will There Be A Not Going Out Of Business Rally) showed that the…
Read more
The Week Ahead: No Rally, But No Fear?
Dec, 9, 2018: The stock market opened last Monday with lots of promise. The Spyder Trust (SPY) opened at $280.28, which was 1.7% above Friday’s close at $275.65. It peaked in the first 30 minutes to close the day at $279.30. Stocks opened a bit lower on Tuesday, but then President Trump tweeted “I am a Tariff…
Read more
Stocks Blast Higher – Sept. 20th
Stocks Surge Higher With New A/D Buy Signals It was a powerful day for the stock market as the gains were solid across all the key sectors as Tom discusses in tonight's video. [embed]https://youtu.be/dy-iUvIv_ts[/embed] We have just completed the first series of one on one courses and have now opened registration for the October session. These courses…
Read more
Will The Other FANG Stocks Drag The Market Lower This Week?
July 22, 2018: Instead of tariffs or earnings, the markets last week were focused on international relations, as the long-awaited meeting of President Trump and President Putin stimulated lots of debate for a good part of the week. Even Fed Chairman Jerome Powell’s generally positive comments on the economy were overshadowed by President Trump’s disapproval…
Read more
Are Wall Street Strategists Too Bullish, Or Not Bullish Enough?
July 14, 2018 The stock market started off the week on a bullish note, as the strong close on July 6th, a reaction to the strong jobs report, signaled that the markets major trend had resumed. The short-term analysis forecasted a likely pullback during the week, which was supported by the fact that the averages…
Read more
