In the past two years, the S&P 500 has essentially gone nowhere, frustrating the majority of investors. We have seen three "V bottoms" (shown in the chart below) where the market shoots down about -10% (resulting in losses), only to grind right back up as if nothing happened. Also, beneath the surface, many sectors corrected [...]

The market has bounced nicely the past two days after the Brexit selloff. Now, here's the biggest question on traders' minds: Is this just a normal oversold bounce before the market heads lower? Or was the Brexit selloff just an overreaction and a non-event before we go higher? Of course, no one knows the answer [...]

I always keep an open mind when it comes to the stock market. I look at the positive and negative signs and adjust my client's investment levels accordingly. I was fairly constructive on the market coming into last week, mainly because the price action was very strong. Unfortunately, the Brexit vote caught many people off [...]

Back in December 2012, there was non-stop talk about the Fiscal Cliff. Everyone was on edge and the market would experience sudden movements on any headline or politician commenting about the year-end vote. When the vote passed, the market gapped up +2.5% on January 2, 2013 and didn't look back. So many fund managers were [...]

I stick to my call that the Dow will reach 20,000 by year-end. Do I think it will be a straight line up? Of course not. Will we see shakeouts, pullbacks and quick corrections along the way? Absolutely. However, since I made the call (around Dow 17,500), the market has been very resilient, especially considering [...]

For the past month, I've been telling people that the market is going much higher and they all look at me like I have 3 heads and I'm speaking a foreign language. I am one of the only people on Wall St calling for a 10-20% rise this year and here are my 4 reasons [...]

Here is a quick recap of what's happened so far this year: January started with a 10% correction and many potential investors I spoke to were borderline suicidal. That's not an exaggeration. They couldn't sleep, they couldn't eat, and many cashed out near the lows. I think their emotional reaction was due to a market [...]

People are happy when they are making progress and moving forward in their lives. With regards to the financial markets, progress means making money. It doesn't necessarily mean making crazy returns, but people are generally pleased when their accounts are moving forward in a slow and steady manner. I've talked to many people in the [...]

My friend Ryan Detrick posted a chart recently showing that bullish sentiment among individual investors dropped to its lowest level in 23 years! There are fewer bulls now than in March 2009 and March 2003. For those who don't remember, the low in March 2003 was after a brutal 3-year Bear Market that started with [...]

One strategy I use during market corrections is Relative Strength. Specifically, I look for stocks showing "strength" and holding up well "relative" to the market. The theory behind this is that if the big institutions do not sell certain stocks during corrections, these stocks have a high probability of moving higher when the correction is [...]