Stocks look overvalued at current levels
Despite a sell-off on Friday, the equities markets still were able to turn in an across-the-board gain for the week.
This week brings some key reports
The theme for the week was lower oil prices, lower bond yields and increased optimism…
Keep an eye on economic data
The recent move in the indexes came on very strong advance/decline numbers.
This aging bull market
The major indexes faced a trying week of trading that was shaped by numerous news events.
Last week was no walk in the park
While there were isolated pockets of strength, it seemed like most sectors were destined to close in the red.
$80 oil in the not too distant future
The major indexes took a beating all of last week as things got off to a bit of a rocky start on earnings news for Q2…
Wall Street remains concerned about rate hikes
The major indexes finished down across the board for the week…
I feel it’s best to maintain a long bias
The major indexes ended up modestly lower last week in what turned out to be a rather quiet week of trading…
Blue chips will lead the market reversal
At some point in the next few weeks I wouldn’t be surprised to see a selling crescendo-type low put in.
Why I still favor further upside
Often times, a “sell the news” reaction to positive data takes place, which is then reversed a few days later.
Some positive developments
While there was little doubt that market action was quite bearish in recent days, some positive developments did take place.
Bull market correction or new bear market?
Because this bull market is now mature in terms of duration, it would be normal to experience some sort of a bear market at this stage.