The market has been so bullish since the December bottom that even with the worst kind of announcement about the trade war, it refused to believe that the reality is finally here. The major indices suffered only minor damages. Last Friday the market had an intraday bullish reversal indicating it should go higher on Monday. […]
It has been 86 trading days since the December 2018 low. The S&P 500 index rallied a total of 25.89% from low to high. The high occurred on Wednesday May 1st after the Fed meeting conference. After the initial 1.8% drop on Thursday, it rallied back on Friday based on good employment numbers.
The PHLX semi-conductor sector index has always been the great tech bubble indicator since the advent of the semi-conductor sector. Every tech bubble was led by the semi-conductor sector. The present stock market rally has all the hallmarks of a pending tech bubble. So we went back to look for a time when PHLX semi […]
2019 is on target to be the fifth best year-to-date performance through April since World War II. There has been a trend since World War II that a best performing first four months may presage the “sell in May and go away” phenomenon. This coming week is the busiest week for earnings report. The earnings […]
It has been 74 trading days since the December 2018 bottom. The sheer amount of bullishness in the market is unrelenting, even the speculative asset Bitcoin rose over 30% in the last few weeks. It seems like the investors are rotating into any asset classes that have been left behind the rally.
The relentless market has surprised a lot of people on the upside. The December selloff was painful, the rise out of the low has been equally painful. It has caught a lot of professional speculators such as the hedge funds unprepared. Normally the market bases for a period of time around the low, seldom it […]
