The bull market continues. One of the very few things that can pause this is a perceived shift in policy from Yellen. Otherwise the money will continue to flow into equities. For today’s official Daily Battle Plan set-ups click here.
A pause/pullback is now due on a short-term basis. Much of the world is looking at the latest update this week from the Fed. Any indication of tightening is not factored in and a sharp pull-off will ensue. Outside of that though, the bull market continues and focus must remain on the opportunities to the [Read More]
News from Ukraine is leading to the futures showing a healthy upside move in pre-market trading. The VIX spike on Friday showed the level of fear that was out there. Rallies always follow fear subsiding. The bull market behavior we’ve seen for the past week or so is reminiscent of what we saw earlier in [Read More]
It’s back to “risk-off” as the world markets are rallying and volatility across the board is declining. There are many overbought country fund ETFs this morning and most will be even more overbought on the opening. Longer-term this is good; shorter term all are within a few days of a short-term pullback (US included). For [Read More]
The market is back to behaving as it normally does in a bull market. Today’s it’s become moderately overbought so we’re probably within a day or two of a pause/pullback but compared to the past 6 weeks it’s good to see so many sectors and asset classes moving as they are. For a free trial [Read More]
Back to neutral today but the market behaved very orderly yesterday. Normally I wouldn’t point this out but because the behavior over the past month has been different than over the past year, it is important that the movement (the leaders and the traditionally low-volatility, safer companies) act as they traditionally do in a bull [Read More]
Normal follow-through behavior yesterday with prices rising, especially in the growth stocks, along with volatility (VIX) declining, My only concern is that the larger, better, dividend paying, low volatility companies didn’t participate. They have been hit hard over the month so it was good to see them rally so strongly on Friday. Yesterday (especially many [Read More]
On Friday morning I mentioned that “for the first time in a while we saw upward movement yesterday into the traditional risk-on instruments such as the utility stocks (XLU) and treasuries. Normally this is not a big deal because it’s normal behavior but because it has not occurred recently, it may be a sign that [Read More]