First off…what has not changed: We remain bearish on about 40% of the market…with most worsening in the past week. Our latest stance change occurred on Feb 6 when we told you we thought the bond market had topped out. We also went on to say that the interest-rate sensitive areas like Utilities and Reits…
We will have a regular weekly market report, a report taking issue with the many articles on the Fed and the impending raising of rates, Mark Cuban’s thoughts on a bubble and probably throw in one of our “just wondering” reports on the weekend. You can tell football season is over. Have you seen the…
The market continues to pull in…but as of this second…no biggie. We have simple tactics right now as the market works off the recent up move. We keep a list of the strongest names that are pulling into support/moving averages for primary or secondary buy points. When we see a slew of them start to…
In order for markets to continue higher, pullbacks are preferable. They work off overbought conditions. They wipe the smiles off bulls faces. They build better bases. Looks like we may be getting one here. Anything is possible but we expect any pullback to be controlled and rotational at this juncture. The one area that pulled…
NASDAQ 5000-YIPPEE! By Gary Kaltbaum March 2,2015 Follow at twitter@GaryKaltbaum Ahhh…the last time the NASDAQ hit 5,000. We remember it like it was yesterday. After all, it is not often where stocks break out of bases and go up 5-fold in 3-4 months. After all, it is not often a major index goes climactic…
After a darn good move, this 60-40 market is now feeling a little tired. A 60-40 market simply means about 6 out of 10 stocks remain in shape while 4 out of 10 just ain’t happening. Looking farther out, these numbers do not thrill but as long as the major indices stay above their…
As usual, we will have a comprehensive market report over the weekend…but…with the market hanging tight, lots of stuff working underneath but the areas we have pointed out to you to avoid have not really changed. Here are a few. We would continue to avoid anything energy (except for refiners). We believe the recent rally/bounce…
We are optimists here. Ok…optimists on us…but not on the miscreants in DC. But we do worry as the fed makes the rich richer and leave the middle class dead by their maniacal 0% policy. But the real worry is in some of the statistics that have recently come out…and they are stunning! These numbers…
There are times where there is just not much to add. This is one of those times. Markets continue to inch higher with decent action underneath. We love quieter markets but this one is a little overdue for a little shake. Doesn’t mean it has to happen but paying attention. Less is more today. We…
First off, the NASDAQ,NDX and the mid-caps have cleanly broke above range. With Friday’s late move, the S&P and DOW have edged above range and even the small caps have edged above. The only major index to stay in range is the TRANSPORTS as higher oil has impacted a few names. These moves simply bring a good…
