We penned these words Tuesday night: “You know our stance. It is simple. While the major indices continue to be range-bound (with a little dose of downside recently), many areas of the market remain in poor shape. That has not changed…BUT THE SHORTER TERM ACTION MAY HAVE CHANGED. By the close, Tuesday’s action felt like…
You know our stance. It is simple. While the major indices continue to be range-bound (with a little dose of downside recently), many areas of the market remain in poor shape. That has not changed…BUT THE SHORTER TERM ACTION MAY HAVE CHANGED. By the close, Tuesday’s action felt like a market being sold out on…
We are getting to that point in time again where the major indices are now in the midst of joining all the areas that are already bearish…but first, disclaimer time. EVERY TIME THE MARKET HAS BEEN IN TROUBLE, THE PIXIE DUST FROM CENTRAL BANKS HAS SAVED THE DAY. WE CANNOT COUNT THAT OUT. In fact,…
Want to thank my buddy Charles for this chart. Another one of the things that happens in late stages of bull markets has now showed up. One of the hallmarks of the overheated Tech bubble of the late 1990’s was the large % of IPOs that were offered to the public by firms that had…
By Gary Kaltbaum twitter@GaryKaltbaum Clinton, O’Malley, Sanders, Warren, the bond market (government, corporate and high yield), Reits, Utilities, Rails, Airlines, Truckers, Autos, Energy, Oil & Gas, Steel, Copper, Aluminum, Coal, Disk Drives, Food, Drugs, Beverages, Tobacco, Household Products, Housing, Retailers-(discounters, home improvement, drug stores, department stores, supermarkets), Emerging markets, Efa, Russia, Brazil, Taiwan (there are…
In a poll of 15 businesses, we have found out another employment number. (Bazinga!) And we finally got a tick up in the participation rate. Yippee! Pundits are falling all over each other saying NOW we have turned the corner for employment. As usual, we will have our extreme, over-the-top, in-depth, comedic weekend report for…
Gap up yesterday…gap down today…with markets remaining…yes, hate the word…range-bound! It ‘s not our fault. We have nothing to do with it. When things change, we will let you know. Eventually, the major indices will show their hand but with half the market fighting against the other half, it is tough to make hay. Maybe…
We get accused of being too negative every now and then. We get it. Our commentary on Washington DC as well as central banks would lead one to believe that. But when it comes to the markets, regardless of how we feel about the apparent negatives outside of the market, we believe the markets rule…
Another semiconductor buyout! Another day of sitting. More rumors of other buyouts. Yippee! To be brief today: Major indices remain in range with half the market still blah and the other half in gear. Transports finally had a decent bounce on Monday but that’s all it is so far. We still worry about the one-sided…
We are less than thrilled at what we are seeing here. End of quarter today not so good. 50% of the market is already bearish…which makes us watch the other 50% closely. When markets are at or near highs, a 50% number is more than subpar…telling us fewer and fewer soldiers are going up the…
