State of the Markets
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…
The Latest Bright, Shiny Object Is...
Don't you just love this game? Or, after the action of the last couple of days, perhaps I should put that another way... Doesn't this game drive you absolutely batty at times?
You see, no sooner had I tapped out a missive esplainin' that the state of the dollar and/or interest rat…
All About the Buck
The primary goal of my oftentimes meandering morning market missive is to attempt to identify the key drivers of the stock market on a daily basis. The idea is to try and stay in tune with what "is" actually happening in the market and to avoid the trap of thinking about what "should" be …
Triple Whammy Causing Consternation
Stocks got smacked around pretty good on Tuesday as a triple whammy of negative news caused traders and their computers to suddenly rethink their outlook.
Cutting to the chase, it was a combination of lousy earnings guidance, surprisingly hawkish Fedspeak, and a fresh worry on the…
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…