Daily State of the Markets

Indicator Review: Stay The Course

Good Monday morning and welcome back. Let's once again start the week off by reviewing the state of our major indicators and models. The first step is a review of the price/trend of the market. Here's my current take on the state of the technical picture... There ca…

Investors Should Stop Worrying About...

The recent trend of intraday strength being met with selling continued yesterday. As an indication that the action remains sloppy and conflicted, I present the fact that stocks have now flip-flopped between gains and losses on a closing basis for nine consecutive sessions now. And…

Uncertainty Seems To Be The Key

With the focal point(s) of the stock market appearing to move around a fair amount lately, it is important to keep up with all the issues. By my count there are six worries/concerns at this time including the dollar, rates, the Fed, the state of the economy, valuations, and the election.

Indicator Review: It's Getting Tense Out There, But...

Good morning and welcome back. Since the focus has been jumping around a bit lately, it will be interesting to see which issues catch the interest of traders on this fine Monday morning. But first, let's stay disciplined and start the week off right by reviewing the state of our major ind…

Is It Time To Turn That Frown Upside Down?

To be sure, the action in the stock market has been sloppy for the better part of three months now. For example, the S&P 500 closed at 2163.75 on July 15 and at 2163.66 yesterday - can you say, sideways? Yes, there has been some drama along the way as traders have fretted abou…

Indicator Review: Can You Say Neutral?

Good Monday morning and welcome back. Before we let the blinking screens take over our lives again, let's step back and look at the state of the market and review our objective major market indicators/models. The first step is a review of the price/trend of the market. Here's my c…

Why Tactical Isn't Working - Part VII (The Solutions)

This morning I'd like to finish what has turned out to be a rather lengthy series on why tactical management strategies have not been living up to expectations over the last several years. Last time, we talked about the role that "the machines" play in the stock market and the imp…

Indicator Review: Dazed and Confused

Good Monday morning and welcome to the home stretch of 2016. Before we let the blinking screens take over our lives on the first first day of Q4, let's step back and start the week with a review of the state of the market and our objective major market indicators/models. The first…

All About Deutsche

On this final trading day of the third quarter, the focus has shifted entirely to state of Germany's biggest banks, namely Commerzbank and Deutsche Bank. While the soundness of the European banking system has been an issue on and off since the credit crisis ended in 2009, specific concern…

Why Tactical Isn't Working - Part VI (The Rise of the Machines)

One down, one to go. Important central bank meetings, that is. While we will have to wait a few more hours to hear whether Janet Yellen's merry band of central bankers is going to raise interest rates today, we did learn overnight that the Bank of Japan will now target the level of intere…