State of the Markets

A Step In The Right Direction

By: David Moenning

It always seems to happen this way. Last week the title of my weekly missive was, "All is not right with the world." The key point I wanted to make was that while the U.S. stock market looked to be in pretty good shape, the world markets were not. And since the best bull market runs tend …

All Is Not Right With The World

By: David Moenning

As you are likely aware, I have been suggesting that "some" caution has been warranted in the stock market for a while now. I have pointed to the "state" of both my Primary Cycle models (my favorite longer-term, big-picture market models - shown in the first indicator box below) and the E…

Fresh Worries, But No Crisis

By: David Moenning

A new worry about contagion, rising inflation, political risks, geopolitical issues, concerns about peak growth (especially in semiconductor-land) and, of course, the trade war all combined to create a weak ending to what had been, up to that point, a pretty good week. But given the overb…

Is Caution Still Warranted Here?

By: David Moenning

For a couple months now, I've been opining that this is not the time to have one's foot to the floor in their portfolio. I've even gone so far as to say that some caution is warranted. And what has Ms. Market done in response? Push toward all-time highs, of course! Don't look now …

Goldilocks Looks To Be Alive And Well

By: David Moenning

The headlines blared that the July's Jobs Report was a "miss." This was due to the fact that, according to the Labor Department, the economy created 157,000 new jobs last month, which was below the consensus estimate of 190,000. As such, the bears gasped loudly and proclaimed that the eco…

A Worry Worth Considering

By: David Moenning

To be sure, there will be a lot of keystrokes used to talk about Apple (NASDAQ: AAPL) today. Frankly, it is very interesting to hear all the analysts talk about Apple's upside potential given the growth in services segment, the hardware deliveries, the higher than expected average selling…

#TechFail?

By: David Moenning

The latest worry on Wall Street is that tech is failing. And given that technology has been where investors have been going to find growth for many moons now, our furry friends in the bear camp say the recent tech wreck is a bad omen. To be sure, some big tech names had a rough go…

As Good As It Gets?

By: David Moenning

After a sloppy June, stock market investors appear to be enjoying the month of July. So far at least, the S&P 500 sports a gain of 3.75% for the month and is inching closer to that all-time high set back on January 26. And yet, many of my indicators aren't exactly in their happy place…

It's Time To Be Careful On That Ladder

By: David Moenning

Since we are deep into summer vacation season, I'm going to keep things brief this morning and let the indicators do most of the talking. My take on the current market action is the consolidation phase remains intact. Yes, the market has been moving cautiously higher since April. …

A Look At The Big-Picture

By: David Moenning

The original purpose for my oftentimes meandering morning market missive was to identify the driving forces behind the market action. The thinking was that putting to paper (so to speak) my thoughts on why Ms. Market was doing what she was doing from a short-term perspective, I stood a be…