• 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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  • January 23, 2019

    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®.
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  • January 16, 2019

    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.
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  • January 9, 2019

    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.
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  • January 2, 2019

    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.
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