• March 27, 2019

    The market is positioned for a strong year in 2019, but with the first quarter being as strong as it has been we think the next couple of months will show a sideways-to-choppy market. Even with a short period of consolidation, there are a lot of reasons this market can move higher in the next couple of quarters.
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  • March 20, 2019

    Weekly momentum indicators reach 92%, a relatively rare ‘good’ overbought reading - While our tactical outlook is watching for a pause and/or pullback in early Q2 remains on track, the far more important point is that these high momentum readings have coincided with the early stages of new market cycles which occurred in 1987, 1998, 2002, 2009, 2010, 2011, 2016 and 2018.
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  • March 14, 2019

    Heading into Q2, equity markets are likely moving into the early stages of a multi-month period of consolidation. This could be due to intermediate-term/weekly indicators, tracking 1-2 quarter shifts, moving toward overbought levels, similar to what developed in the early stages of the cycle lows in Q2 2016.
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  • 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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