“The stock market rarely trades exactly how you think it should, but a drop down to around or just under 2685 that is met with strong buying demand would be about the best bottoming sequence I could imagine.” …Charts of the Week, 11/14/18 As outlined in Wednesday’s C
All-You-Can Eat Technicals and A La Carte Fundamentals The Technicals: The markets came into October on a high (and we’re not talking about marijuana stocks), but quickly turned and reminded us why October has such a bad reputation for equities. If you have been
“I am in Chicago; stop. The economy looks robust; stop. The stock market currently is not reflecting that; stop. The S&P 500 is only 8.7% off its high; stop. Thinking of selling here; stop. Contemplating capitulation; stop. Considering never investing in stocks again; stop.&
“These algos have taken all the rhythm out of the market and have become extremely confusing to me. And when you take away price action versus news from someone who’s used price action news as their major disciplinary tool for 35 years, it’s tough, and it’s bec
The call for this week: When the SPX traded into our target zone of 2800 – 2820 last week we wrote: “Don’t look now, but the huge rally we’ve seen in U.S. equities over the last few days has actually left the S&P 500’s 10-day advance/decline line at i
“Don’t look now, but the huge rally we’ve seen in US equities over the last few days has actually left the S&P 500’s 10-day advance/decline line at its most overbought level in the past year! So while the S&P’s price is still below its 50-day movi
I will be doing a webinar with Michael Fredericks, portfolio manager of the BlackRock Multi Asset Income Fund, today at 4:15 pm. To register, use this link and the telephone number to listen in the U.S. is +1 (562) 247-8422, the access code is 141-871-528, and the audio PIN will be pr
Raymond James Chief Investment Strategist, Jeff Saut, will be doing a webinar with Michael Fredericks, portfolio manager of the BlackRock Multi Asset Income Fund, tomorrow, November 8. To register, use this link and the telephone number to listen in the U.S. is +1 (562) 247-8422, the
“It’s not opinion polls that determine the outcome of elections, it’s votes in ballot boxes.” . . . Nicola Sturgeon We had a pretty good handle on the presidential election in November 2016, believing President Trump would win. However, today’s mid-term e
