As I mentioned in the MidWeek video, when there are mixed signals in the market, I will usually lean towards being cautious and being patient until we get a clearer picture. The mixed signals right now is that many growth leaders dropped quickly on Monday (down 5-10%) but the major averages are all still above [...]
Right now, there are mixed signals in the market. The major averages are acting well but, beneath the surface, many of the growth leaders are potentially starting to correct. The positives include all the major indexes are above their 10-week moving averages, there’s little distribution, and the Fed is on our side. The negatives include [...]
There are 3 main screens I run nightly. You can recreate them with the parameters given and adjust anything you want. For example, you can change the share price, etc. You can also click on any of the images to see what the screens should look like in MarketSmith 1) RS 99 Screen RS Rating [...]
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There were no distribution days in the Nasdaq Composite nor the S&P 500 this week. This tells me the big institutions are sticking with their positions. The Nasdaq is a little short-term extended but the S&P 500 looks like it’s ready to break out of a mini cup with handle. What we could see is [...]
In my Educational Product, I provide twice a week videos with market analysis and stock ideas. Here is a clip from tonight's MidWeek Video where I discuss two similarities to 1999: Liquidity and the consistent setups that I'm finding. I'm not saying this market will end like 1999, I'm simply encouraging people to shut out [...]
Over the past 2-3 months, almost every night I screen, I find at least 5-10 setups. Many of them are working out and that is a sign of a healthy market. In the beginning of this video, I discuss two similarities to 1999: Liquidity and the consistent setups I’m finding. Also, I am noticing how [...]
Here is the statistic I discussed from Goldman Sachs research at the 9:40 mark: “AAII bull reading printed just 22.15% last week, its 4th straight lower reading and third week in a row below 25% – below 25% for 3+ weeks, there has been outperformance for SPX over the next 3, 6 & 12 months [...]
I am bullish into year-end for the following reasons: There’s very little distribution, the major indexes continue to hold their 10-week moving averages, the leaders are acting very well, the Fed is on our side, and sentiment is very muted with the market near new highs. Of course, we will see shakeouts, pullbacks, and corrections [...]
Last weekend, I discussed how the Nasdaq Composite was holding up better than the S&P 500. It was nice to see the S&P hold its 50-day/200-day/10-week levels (around 3000) and the Nasdaq also saw more accumulation during the week to close at an all-time weekly high. Overall, I remain bullish because the technicals are strong, [...]