10 out of 12

Ten out of the last 12 weeks for the S&P500 have been positive.  That’s a pretty impressive streak dating back to August. While it’s more than possible this trend continues, it’s equally possible — and perhaps technically probable — that markets take a week for profits.  Judging from the futures markets, this may be the […]

Chuggin’ Up The Tracks

The low-volatility buy-the-dip train continues to climb the wall of worry.  This invariably raises two questions:  how high can this go?  And when does it correct? From a technical perspective, there is a critical level for the S&P500 around the 2625/2636 range.  Both the shorter-term and longer-term projections have a point of overlap at this […]

Will 2600 Fall?

The SPX continues to grind higher, but it’s been the DJIA and NASDAQ that really impressed last week.  Looks like volatility may be on the rise.  Don’t misunderstand that though.  Bigger intraday swings will be welcome by traders.  And true, there could be some swings to the down-side.  That doesn’t mean the bull market is […]

Records Be Dropping

It seems like the markets have been breaking through all-time-highs on a daily basis.  How high can it go?  Well, from a technical perspective:  higher than here. While there are many technical reasons this market could pull back, none of the specific indicators have manifest yet.  Which means, for the time being, this trend remains […]

Thin Air

Despite the lack of meaningful economic data to watch this week, we can expect the markets to get a little more hesitant this week.  Earnings season is beginning to pick up steam now, so we’ll need to see evidence that growth and profits are expanding — not just a reshuffle of costs internally.  Does the […]

Breaking Records

To be excited or not to be excited, that is the question? Last week major index broke into all-time high range… again.  And the BigFoot database percent long pushed even higher — now over 79 percent!  The DJIA, SP500, and NASDAQ have all reclaimed their buy signals in the system.  And here we sit at […]

Game of Inches

Given that another earnings season is just around the corner — AND the fact the market hasn’t fallen in light of all the other dysfunction around the globe — it’s sensible to simply play this thing by the numbers right now.  And the numbers say we’re in a sideways-to-positive slow climb until something changes the […]

When Action Becomes Reaction

What do you do with a Teflon market?  It seems stock market indexes are hell-bent on going higher no matter what the uncertainty.  If a lesson may be learned here, it’s that central bankers are a powerful bunch.  It appears the liquidity train is enough to keep almost every other form of risk outside the […]

The Data Hasn’t Failed

The futures are indicating a solid start to the week.  But technical data continues to show significant resistance at the top of the trading range.  For the SPX, the number is about 2480.  Given the market’s ability to hang on in the face of hurricanes, earthquakes, and missile threats, support has been pretty remarkable.  It […]

Uphill Battle

This week is likely a tough one if you expect the market to climb higher.  While anything is possible, there is an uphill battle.  You’ve got increasing geopolitical risks as North Korea fans the flames of potential war. South Korea, China, Russia Japan, and a host of other countries are all getting dragged into the […]

Stand By

Do to technical difficulties today’s blog will be slightly delayed.  I apologize for the inconvenience. IMPORTANT DISCLOSURE INFORMATION Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, […]

Catching a Falling Knife

Last week was rough, with Thursday seeing some of the worst downside volatility in a long time. The question now?  Is the worst behind us? This week will be important from a technical perspective as several key resistance levels are in play. Any positive momentum for this SPX was effectively erased last week.  The support […]

Phantom Correction

If you were to peel the layers back inside the S&P500 and look at the individual stocks, what you’d find is that roughly 40% of the underlying holdings have already experienced a 10-percent-plus pull-back from their high-water marks for 2017.  This is important to consider when looking at how corrections have occurred in this bull […]

Support and Resistance

With markets being well into the ‘meat’ of earnings season, let’s talk technical numbers.  For the SPX, the big question is:  will we or won’t we break 2500? Of course we will…  the question is when? The SPX is less than 1% from the key 2500 level.  At the same time, we’re going into the […]

Grinding Higher

Make no mistake, the technical analysis of this market has the SPX moving for 2500 in short order.  Given several FANG companies reporting this week, it’s possible the index could take out the next level this week.  There’s little on the fundamental side of the equation that should derail things.  The story is simple — […]