Tag Archives: Member Only

Where is the Euphoria?

One of the world’s most successful mutual-fund managers, John Templeton once succinctly summed up the mass emotions in different stages of the stock market as: Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria.  The market is near all time high, yet the sentiment is very negative as the skepticism is bountiful about the many issues that have held the stock market hostage for the last 20 months.

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This Is It!

The much anticipated trade deal is here.  It is only a partial deal, which the White House has said many times before that a partial deal was not acceptable.  What has changed?  Both sides have changed a lot for various self-serving reasons.  The stock market and the 10-year treasury yield were at a critical

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Technical Rotation or Breakout?

In the last few weeks, value stocks have out performed the momentum growth stocks.  The rallies in value stocks made an appearance of a healthier looking market.  With a broader participation, is the market ready for a breakout? Or is this a purely technical rotation?

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Follow the Price Action

Since August, we have been bearish expecting the market correction to run its course until sometime in October.  But the market had shown abnormal strength in the first nine trading days in September.  Because of the abnormal price action, we sent out private email notes on September 11th, which outlined the possibility that the correction bottom (early August low) might be in already.

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S&P 500 Cash Index Cycle Location 09062019

All three indices jumped over 50-day moving average last Thursday.  The 50-day moving average has been resistance since the selloff began in late July.  Does this break out of the 50-day moving average mean that the market is out of woods?

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