• Apr 04, 2019

    Optimism is Close to Its Historical Average

    Even with this week’s big rise, optimism is close to its historical average. While the rebound in stock prices is encouraging to some individual investors, others have concerns about its sustainability. Many individual investors are monitoring trade negotiations.
    Full story
  • Apr 04, 2019

    Strong Year Ahead Despite Overbought Markets

    The markets are still overbought, even with the large sell off and rebound in December, and a pull is warranted to reset the run up. If history is any indication, we expect the market to have quite a strong year. Pull backs are normal and inevitable.
    Full story
  • Apr 04, 2019

    Markets Are Overbought

    The markets are still overbought. They have been trading sideways for almost the last two weeks. We do expect the market to pull back, not a significant pullback but a few points. Everyone is waiting to see if the market is going to retest the lows set in December, and only time will tell. Patience is critical at this point.
    Full story
  • Apr 04, 2019

    Waiting for a Signal From the HCM-Buyline®

    The market is overbought and is stalling at the 2650 area on the S&P 500, which has a lot of overhead resistance. Look for the market to trade sideways to down for a bit of time as it tries to move higher. We are still holding a lot of cash and will wait until we have a new signal to buy from the HCM-Buyline®.
    Full story
  • Apr 04, 2019

    Expect Markets to Close Higher for the Year

    The markets look to have found a bottom in the 2350 area and now look to be overbought after running into resistance. Look for the market to trade back and forth between the two areas identified in the chart below for a few weeks, if not a few months, before building up enough steam to break above the 2620 area.
    Full story
  • Apr 04, 2019

    Resistance in the 2600 Area

    The markets have traded pretty much like we have been writing about, with a run-up to resistance in the 2600 area. Unfortunately, computer programs still have full control of the current market, so we are still very vulnerable to a short-term selloff. Look for a pullback in the 2450 area, which could occur over the next three to four weeks. With the current run up, this is to be expected.
    Full story
  • Mar 26, 2019

    Big Markets Moves Typical at the Beginning of the Year

    The markets historically start the year off going up or down in a big way, as investors and fund managers, etc. rebalance and reset their portfolios for the first of the year. Today was no different, with the markets opening down at the open and, as I write this, the market is trading higher for the day.
    Full story

Wealth Watch

Sign up for our weekly news to hear from CEO and portfolio manager, Vance Howard.