Focus Must Remain on the Opportunities to the Long Side
A pause/pullback is now due on a short-term basis. Much of the world is looking at the latest update this week from the Fed. Any indication of tightening is not factored in and a sharp pull-off will ensue. Outside of that though, the bull market continues and focus must remain on the opportunities to the […]
Within a Day or So of a Pause/Pullback.
20% of the S&P 500 stocks have 2-period RSI readings above 95 and whenever that happens it starts getting into short-term unsustainable levels. We’re within a day or so of a pause/pullback. For a free trial to the Daily Battle Plan, click here!
Pullbacks Should Again be Viewed as Buying Opportunities
News from Ukraine is leading to the futures showing a healthy upside move in pre-market trading. The VIX spike on Friday showed the level of fear that was out there. Rallies always follow fear subsiding. The bull market behavior we’ve seen for the past week or so is reminiscent of what we saw earlier in […]
Many Overbought Country Fund ETFs this Morning
It’s back to “risk-off” as the world markets are rallying and volatility across the board is declining. There are many overbought country fund ETFs this morning and most will be even more overbought on the opening. Longer-term this is good; shorter term all are within a few days of a short-term pullback (US included). For […]
Back to Normal Bull Market Behavior
The market is back to behaving as it normally does in a bull market. Today’s it’s become moderately overbought so we’re probably within a day or two of a pause/pullback but compared to the past 6 weeks it’s good to see so many sectors and asset classes moving as they are. For a free trial […]
No Large Edges Either Way Today
Back to neutral today but the market behaved very orderly yesterday. Normally I wouldn’t point this out but because the behavior over the past month has been different than over the past year, it is important that the movement (the leaders and the traditionally low-volatility, safer companies) act as they traditionally do in a bull […]
My Only Concern
Normal follow-through behavior yesterday with prices rising, especially in the growth stocks, along with volatility (VIX) declining, My only concern is that the larger, better, dividend paying, low volatility companies didn’t participate. They have been hit hard over the month so it was good to see them rally so strongly on Friday. Yesterday (especially many […]
Ideally Prices Rally this Week
On Friday morning I mentioned that “for the first time in a while we saw upward movement yesterday into the traditional risk-on instruments such as the utility stocks (XLU) and treasuries. Normally this is not a big deal because it’s normal behavior but because it has not occurred recently, it may be a sign that […]
World Events Have Center Stage
For the first time in a while we saw upward movement yesterday into the traditional risk-on instruments such as the utility stocks (XLU) and treasuries. Normally this is not a big deal because it’s normal behavior but because it has not occurred recently, it may be a sign that markets are beginning to move as […]
Consider Tracking SPLV
Yesterday had the shaping of something much worse and it was good to see the market close just above even. I would have liked to see the gains hold but at least they were able to reverse the market from morning lows. The buying came into the consumer defensive stocks (many had healthy gains) and […]
There are Two Things that Concern Me
Yesterday I wrote “Pretty much textbook behavior yesterday (Monday) and the key will be a follow-through today. A reversal back down will not be a good sign”. Well the reversal back down did occur and it’s not a good sign. There are two things that concern me: 1. The sell-off is hitting the safer larger […]
The Key will be a Follow-Through Today
Pretty much textbook behavior yesterday and the key will be a follow-through today. A reversal back down will not be a good sign. A continued follow-through higher will signal that last week’s pullbacks was simply that; a pullback For a free trial to the Daily Battle Plan, click here!