• March 6, 2019

    The market is bouncing off resistance and is overbought like we have been writing about. However, overbought is a good thing in this case as we do not see a major sell-off happening, just normal back and forth as the market builds up enough steam to break out of this area of resistance.
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  • February 27, 2019

    The S&P 500 is overbought and a pullback is warranted, but with that said, rather than a big pullback, we are expecting a modest period of consolidation. After the 19% waterfall selloff last year, the market has been set-up with good odds to move much higher over the next 12 months.
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  • February 20, 2019

    The Dow Industrials and S&P 500 are building on their gains after rising above their 200-day averages. The Nasdaq Composite Index is in the process of testing its 200-day average and its December high at 7486. A close above both barriers would be a positive sign for the Nasdaq and would strengthen the market's uptrend.
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  • February 13, 2019

    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.
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  • February 6, 2019

    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.
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  • January 30, 2019

    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.
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