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 [...]
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% , [...]
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 [...]
Here is the Market Note I sent to Education Members on 12/17/23: After running my Educational Product for almost 4 years, I am surprised that the recent strength in the market caused more stress for people than the bear market of 2022. I received more emails from members in November than I did during the [...]
In early November, I wrote a blog post discussing four reasons for a year-end rally. They included: 1) The big institutions were coming back into the market because the Fed signaled they are done raising interest rates. 2) Sentiment. Most people are bearish and underinvested. 3) Seasonality. November and December are historically two of the [...]
Here are the reasons I am expecting continued strength into the end of the year. 1) The big institutions are back! Since they control the market, it’s important to analyze what they are doing, and they came back last week with strong volume. The main reason was they interpreted the Federal Reserve is done with [...]
Above, you will find a chart that compares the Nasdaq Composite of 2003 vs. 2023. I was inspired to look into this when I realized the market bottomed on October 10, 2002, and then bottomed recently on October 13, 2022, almost to the EXACT date 20 years later! When I looked into this further, I [...]
This past week, the market sent a loud and clear message that Artificial Intelligence (AI) is a game changer. Many companies are being completely repriced because of the revolution in AI, and when we look back at 2023, many will point to last week as the pivotal moment of the year. Now, before you accuse [...]
I’m more positive than most people on the market for the following reasons: 1) Indexes – The big institutions control the market. Therefore, it’s important to learn how to read charts and interpret what they are doing on a consistent basis. Right now, the Nasdaq Composite and S&P 500 are above strong levels of institutional [...]
The market could be setting up for a tradeable rally over the near-term for the following reasons: 1) 90% of what I use to judge the health of the market is the price action of growth stocks. Focusing on price not only helps to shut out the noise, but it also gives me a clearer [...]