Earlier in my career, it used to take about 2-3 months for sentiment to change from being bullish to bearish (and vice versa). Now, it feels like it only takes about 2-3 weeks. Here are some reasons why. 1) We have so much information in real-time, especially our account balances. Years ago, people used to get monthly or quarterly statements from their brokerages. Now, everyone has their net worth available on their phones in real-time. [...]

HERE IS THE MARKET NOTE I SENT TO EDUCATIONAL MEMBERS TONIGHT. I tweeted that I reduced my equity exposure today and I received many emails asking me questions. The first main question is “why?” No one ever needs to justify locking in some profits. The simple answer is I’m up nicely to start the quarter and I just wanted to lock in some gains while things are a little extended. Remember, I always discuss knowing [...]

We started a new bull market powered by artificial intelligence in May of 2023. I wrote about it on this blog several times and discussed it during this TV appearance last year. Here are my updated thoughts. 1) Some people say the bull market started around the October 2022 lows, and others say it started when we took out the late 2021 highs. My response is: Who Cares? It’s all subject to interpretation. The main [...]

I tweeted on Tuesday night (4/16/24) that I feel the bulk of this recent market pullback is over. Before I continue, I want to remind everyone that I don't regularly update this blog. I actively manage portfolios for clients and my investment levels vary. If you would like more regular updates and analysis, you can sign up to become an Educational Member. 1) Since last May, I've been positive on the markets. That's when we [...]

I’ve been aggressively invested in many leading growth stocks since the two follow-through days and the Zweig Breadth Thrust we saw in early November 2023. I discussed three of the stocks on the IBD Podcast on November 1, 2023, and they have seen very strong gains since that date: NVDA +112.1% , UBER +75.8% , MSFT +21.7%. I also wrote about the bullish factors in these two blog posts in early November 2023: Four Reasons [...]

1) I see a +10-15% gain for the S&P 500 in 2024. I am basing this on the incredible strength we saw in November and December of 2023. The reason for this strength was the Federal Reserve signaling they were done with their interest rate hiking cycle. The market is a discounting mechanism and tends to trade on what will happen 6 to 9 months from now. In other words, the strength we saw at [...]