The New Leaders
I am a believer in the concept that the leaders in a New Market phase are defined by which stocks do well during a bottoming process. That is what we have been following since the May 11th lows set the…Continue Reading →
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Bottom Confirmed
The Up Turn confirmed today on SPX/UTIL chart. This is the first upturn of my favorite 38 day average since the down turn on December 13, 2021 with the S&P at 4669. Today’s up signal at 3902 on SPX. A…Continue Reading →
Back to Normal
Yesterday I talked about one of the indicators that I like to watch for indications of a coming change in direction of the stock market. If you look closely at that chart, you see that yesterday, there was a dramatic…Continue Reading →
The Bottom
One chart that I like as a confirmation indicator is the S&P 500 minus the Dow Jones Utilities. The Dow Jones Utilities are where money managers tend to hide when the S&P is in a downtrend. So, this chart is…Continue Reading →
Artificial Theme..
Continuing on with the theme of artificial markets following the core FED MISTAKE of adding unconsciousable balance sheet monies, which are still in the 8.8 Trillion dollar area, and keeping interest rates low for at least a year too long….Continue Reading →
A new Bear Script…
The bears are trying to change the story, to ignore causative factors and focus on results. As the chart shown yesterday indicates, the volatility of an interest rate turn occurred on 5/10/22, Now the bears are hyping recession fears, market…Continue Reading →
Selling without a Reason
Selling without a Reason, that is the best way to characterize today’s market. The stocks that defined the 5/11 to 6/17 bottom, the EV, Core Tech, and Bio areas are holding. Yesterday we got a little more backing and filling,…Continue Reading →
Settling In…
To me, this looks like it may be a week where the stocks that called the bottom, the EV,Tech,Bio area, will slowly rise, while the action will move to heavily shorted areas where short covering will be the activity to…Continue Reading →
The New Economy
Following up on the direction we have been expressing since May 11, I am looking at the New Economy. The premise tahat I am working on is that the EV, Tech, Bio areas are the new leaders as the market…Continue Reading →
Bear Hype or Bear Market
My contention is that what we are witnessing is an attempt to manufacture a bear market to cover a catastrophic FED Error. I think this is where Things get sorted out. To me it looks like a broad working market…Continue Reading →