Early week market update
We are currently in tactical and fundamental no-man’s land. Tactical backdrop: Market reached intermediate-term oversold enough in non-recession crash to suggest the 12/24 low should be “the” low History…
Read MoreSmall and mid-cap stocks taking an early lead in 2019
After poor performance in 2018, small and mid-cap stocks have been outperforming larger-cap stocks so far in the first two weeks of January.
Read MoreThe Day Ahead, Friday January 11th
With the S&P up over 2% so far this week, we have begun to see our reflex rally play out as the market is now up over 10% since bottoming…
Read MoreFed Chair reinforces “patience”
Today, in an interview at the Economic Club of Washington, the Federal Reserve Chair Powell said the Fed would be “patient” in how they want to raise rates going forward. …
Read MoreFed Chair reinforces “patience”
Today, in an interview at the Economic Club of Washington, the Federal Reserve Chair Powell said the Fed would be “patient” in how they want to raise rates going forward. …
Read MoreMACD signal reinforces retest
The current 9.7% reflex rally in the S&P 500 (SPX) off the December crash low may be setting the stage for a retest as highlighted in our January Picture Book…
Read MoreModest increase in bullish sentiment
Last week we saw the percent of bearish newsletter writers rise above bullish newsletter writers for the first time in almost three years. The report out today from Investors Intelligence…
Read More% above 10-day moving average points to pullback
The recent ramp in the S&P 500 Index (SPX), has pushed the index up a healthy 9.5%, off the intraday low in December. Most of the underlying components of the…
Read MoreWhat should the current post-crash reflex rally look like?
Yesterday, we highlighted the 2019 Tactical Playbook, that includes a Reflex rally, then retest of the 12/2018 low, followed by new highs. The equity market decline since the September peak…
Read MoreHow much should reflex rally be?
The prior 3 non-recession market crashes of 20% in under 4 months since 1950 saw the following: 1987: +18,8% in 13 days 1998: +13.4% in 15 days 2011: +11.6% in…
Read More