Selling Pressure from Around the World
The market remains oversold and the short term edges are to the upside. There’s still a lot of selling pressure from around the world and should this selling stop, the global markets could see a sharp bear market rally. For a free trial to the Daily Battle Plan, click here!
US Indices Succumbed to the Selling
The major US indexes finally succumbed to the selling which has been prevalent in many sector and country fund ETFs. The market is now oversold and scaling into long index positions is where the greatest edges are today. Today’s Potential Opportunities on Further Pullbacks: Stocks COL ETFs DIA For a free trial to the Daily […]
S&P at a Stand-Still
The S&P is at a stand-still but many sector and country fund ETFs are now oversold. Any pullback in the major indices should be viewed as an opportunity to buy.
Job Report to Oversold
The job report took the market to oversold territory but the rotation on Friday exhibited signs towards a short term pullback with 7 of the 10 key S&P Sectors declining for the day. Should the market pullback today use it as an opportunity to begin buying. Today’s Potential Opportunities on Further Pullbacks: ETFs XHB, QLD […]
My Favorite Monthly
My favorite report, the monthly guess report for jobs, is predicted to be at 149,000. As we’ve seen the last two months (and I’ve consistently seen for over 30 years) the guesses have not been remotely close. Anything higher than 149,000 today will likely be met with new highs on the S&P. Anything substantially lower […]
Pause, Pullback, Buy
Yesterday I mentioned the market was overbought and due for a short-term pause. Most large 1-2 day upside moves are followed by “pause days’ and this is what occurred yesterday. The overall trend though is higher and any pullback should be viewed as an opportunity to buy. Today’s Potential Opportunities on Further Pullbacks: ETFs OIL […]
Good Move Yesterday
That was a good move yesterday reaffirming that the bull market remains in place. Daily Battle Plan subscribers should have locked in their gains in SPY on yesterday’s close. Today the market is overbought and due for a short-term pause but the long term trend remains higher and unless something very out of the ordinary […]
Extremely Oversold Situation
The markets are obviously extremely oversold heading into today. The early morning futures at 5:30 am ET have reversed the majority of yesterday’s losses as tensions ease in Ukraine. As I pointed out yesterday, this is a geopolitical situation and geopolitical situations always have a higher degree of uncertainty to them and many don’t simply […]
Tread Carefully Here
The markets are overbought heading into today but the situation in Ukraine will take care of that quickly. Pullbacks created by geopolitical events are often very choppy and historically unpredictable because one never knows just how far escalations will go. This situation on the surface appears contained to one region but with it impacting so […]
Janet Yellen – The World’s “Very Special Aunt’
That was a very good reversal yesterday from the pre-market lows and very typical bull market behavior. Janet Yellen has now become the world’s “very special aunt”; the one who always say’s the nicest things to you, gives you the best gifts, and you always look forward to seeing. The world markets very much like […]
The Market is Coiled
The market is coiled up and usually larger than average moves come from conditions like this. Many country funds began selling off yesterday and if the US sells off today it will be an opportunity to begin scaling into the pullback. Today’s Potential Opportunities on Further Pullbacks: DIA For a free trial to the Daily […]
New All Time Highs on the Back of Yellen?
The market is again in neutral territory. The upward month-end bias in stock prices remains in force along with the expected happy message from Janet Yellen on Thursday so prices will likely trade higher into her testimony. As long as she stays on course, there is a higher than average probability that new all times […]