Buying Back the Rally?

The Wall Street Journal reports the a record amount of cash is being pulled out of Index Mutual Funds and ETF’s, as well as individual stocks. Yet the rally continues. What is driving this? Corporate Stock Buybacks. That is fine, but that well is not bottomless. See this week’s video technical analysis of the Index…

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Resting or Rolling Over?

Is the market just “resting” before making new highs, or is it rolling over and a correction beginning? Watch this week’s video analysis for the key signs to watch for. What do you think? I welcome your questions, comments and feedback. Dean

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There it goes! Market Update 11-17-2019

Well there it goes! The S&P 500 and other major indexes made new closing highs on Friday, November 15th, 2019. Not just new highs, but a clear break-out. That is the reality and I will trade that reality. But, how does this compare to previous rallies this year and what could cause a reversal? I…

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New Highs For Now – Market Update 11-10-19

All of the indexes put in new intra-day and closing highs last week. Will it continue? What are the driving factors? Check out this week’s latest analysis in the video below. Meanwhile, we are making profit, both ways, long and short. Currently six open positions, all in profit and five still have very nice entries.…

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Triple Top – Or Breakout?

The S&P 500 has approached the all time high of ~$3027 for the third time. Will it break out, or reverse down again? The key things to watch are; – Earnings results (60% of the S&P 500 has yet to report) – FOMC announcement on Wednesday, 10/30/19 – Any China trade deal breakthroughs Meanwhile .…

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Unusual Uncertainty: Market Update 10-20-19

The degree of political uncertainty is at an incredible level. As a result, the S&P 500 is stuck in a channel, with the tension of a strong US economy, better than expected earnings, but this overhang of uncertainty. In this week’s video, I review the “big picture,” the current technical analysis and what to watch…

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Big Picture for the week of 10-14-19

Here are the “Big Picture” items for the week coming up: 1) “Phase One” of China trade deal agreed to in principle – needs to be “papered.” >Caused market rally on Friday 2) Q3 earnings season in full swing >Watch Banks in particular >JPMorgan Chase & Co., Goldman Sachs Group Inc., Citigroup Inc. and Wells…

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Buckle up for another wild week

Traders should expect more volatility in the upcoming week.  Here is the backdrop and upcoming events to be aware of: Backdrop -Last week’s volatility was driven by; slowdown in manufacturing and services, solid jobs and unemployment numbers -Overall global slowdown Upcoming events -Q3 earnings season is kicking off.  Earnings expectations are “Dim” according to the…

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Strength or drinking the Kool-Aid?

Are current market levels justified by underlying strength, or are participants “drinking the Kool-Aid” and displaying naivete and disregard for global data and recent shocks to the market? In this update, I review and analyze where we are and what to expect. What do you think? Reply and let me know! Dean

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Expect a wild open on Monday 9/16/2019

Oil futures are up over 10%, the S&P 500 is down and Gold is spiking. Here is this weeks market update with discussion and analysis of these events and what to watch for. As always, I welcome your questions, comments and feedback. Dean

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