I’m treating this as a bear market until proven otherwise
Out of the 200 groups I follow, I cannot fill both hands with groups in good technical shape.
Why I’m suspect of any rally
Recently, I said I expected a bear market rally of some sort.
This still looks like bear market action
In our last report, we stated that we expected a bear market rally…
Bear market rally
The last of the leadership in names are now going by the wayside.
I doubt we’ve seen the market bottom, here’s why
Was that the climactic reversal that ended the bear phase?
It’s time to focus on these stocks…
On top of the BIG BANKS, there are a few other areas we like at this time.
What does the rally off the lows mean?
We are less thrilled than most with this market.
We’re seeing classic bear market action
There is nothing good to say about Monday’s action if you are a bull.
Why I think the market will go lower
We would like to give the recent bounce the benefit of the doubt but believe this latest bounce is nothing to write home about.
Early signs of a weakening economy
Since 5/11, we have been very bearish and see no reason to alter our thinking just yet.
Gary is trading:
SPX
NDX
Focus on commodities and the bond market
Short-term, it does not take a rocket scientist to recognize how stretched and extended this market is to the downside.
Gary is watching:
SPX
NDX
Why consumer staple stocks look good
The bear phase, the bear market, the bad market…whatever you want to call it…is now gaining teeth.
Watch these stocks:
KO
PEP
CL