• July 3, 2019

    The market looks like it is building up steam to break into new highs. We expect the next two weeks to see the market push up and bounce back a few times, with a high probability that the market will break out in the third quarter.
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  • June 27, 2019

    The HCM-BuyLine Alpha is still nicely above any change in trend, but with that said, we are mildly overbought. A modest pullback is warranted, and we do expect one.
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  • June 19, 2019

    The market is nicely above the HCM-BuyLine Alpha giving us plenty of room for the market to bounce back and fill. Tech has been stabilizing and moving a bit higher after a tough May. The bond market is in a nice uptrend as you can see it is clearly above the HCM-BuyLine Alpha.
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  • June 12, 2019

    Last week the HCM-BuyLine Alpha came close to turning over, but like we have been saying, the markets were very oversold and poised for a sharp rebound, which did happen. With the market firmly back above the HCM-BuyLine Alpha, it gives us some room to breathe.
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  • June 5, 2019

    Is this the end of the 10-year bull market, the longest in history? Nobody knows, but historically this is how the end of a bull market looks; And yes, we are disturbed. I normally do not get disturbed, but over the last 30 years of managing the markets I have only seen a pattern close to this one once; it was the start of the 2000-2002 bear market.
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  • May 30, 2019

    The S&P appears to be tracking our Q2 analysis with short-term trading indicators increasingly oversold for risk assets testing first key support levels. A 1-2-week trading bounce seems likely into early June given the S&P 500 is testing a 2775-2800 support band. China’s Shanghai Composite has shown early evidence of stabilization the past week at 2800-2900 while the Chinese Yuan (USDCNH) is pausing under 6.95 resistance.
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