State of the Markets

Are The Bears Back In The Game?

By: David Moenning

Executive Summary: After the rather ridiculous run higher in July and August, during which time we saw some truly ridiculous moves in names like Tesla (TSLA) and AAPL on the back of stock split announcements (which, of course, mean N-O-T-H-I-N-G), the bears finall…

Corrective Action Isn't Surprising

By: David Moenning

Executive Summary: Last week, I questioned if the bull case had become a little "too easy" and, in turn, a bit too popular. The implication was that the recent joyride to the upside had become more than a little overdone. Cue some options unwinding, some profit-ta…

You Knew It Was Coming, Right?

By: David Moenning

Before we get to the state of the market fundamentals, I figure it is probably a good idea to address the current violent selloff happening in the stock market. First, the fact that the market suddenly fell, without notice, and on no news, should not come as ANY surprise to reader…

Of #FOMO and #OnHold

By: David Moenning

Executive Summary: Stocks remain overbought, sentiment remains at extreme levels, and IMO, complacency has set in. And yet, the S&P 500 and NASDAQ indices continue to march higher on a daily basis. As such, the bears are sure to be asking, how can this be? Fro…

The Trend Is Your Friend, If...

By: David Moenning

Executive Summary: After the best return for the month of August since 1984 (+7.0% for S&P 500 index and +7.19% with dividends reinvested) it appears that the trend is indeed an investors best friend here. And while it's been a little bumpy, the venerable blue…

Is The Bull Argument Too Easy These Days?

By: David Moenning

As a reminder, the market's primary cycles generally do not change often. However, I still like to start each week with a clear understanding of what type of market we are dealing with. For me, a quick glance at the color of the Primary Cycle board and the weekly/monthly S&P graphs be…

Two "Game Changers" Improve Outlook

By: David Moenning

Executive Summary: The combination of Abbott's new rapid COVID test and Jay Powell's announcement that the Fed is taking a new tack on their approach to inflation pushed the S&P 500 to another all-time high on Thursday. While both can be viewed as "game change…

Party On Wayne?

By: David Moenning

Executive Summary: In looking at the potential for a countertrend move to develop, the best way to summarize the situation might be to say, see last week's report entitled, "The Song Remains The Same.…

Are There Cracks In The Foundation?

By: David Moenning

Executive Summary: The question from our last technical review was if the stock market was "breaking out" to the upside. Cutting to the chase, the answer depends on what "market" you are looking at. To be sure, both the S&P 500 and NASDAQ 100 have broken out t…

Stocks Looking For On-Time Arrival

By: David Moenning

Good morning and welcome back to the land of blinking screens. Although the market's primary cycles do not change often, I still like to start each week with a clear understanding of what type of market we are dealing with. For me, a quick glance at the color of the cycle board and the we…