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WALL STREET CRAPS STOCK MARKET STRATEGY – JUNE 27, 2016

June 26th, 2016 Comments off

craps front coverSTOCK MARKET STRATEGY FOR JUNE 27, 2016: The stock market had a sharp rally on Thursday followed by an even sharper decline on Friday. This left the internal indicators with neutral readings trending down. This means that the decline has more to go on the downside with a bounce expected soon. But overall, the market is more likely to decline for some more time in order to create the necessary shift in sentiment that is critical to forming an intermediate term bottom opportunity. But for now, anticipate central bank manipulation to create a wild ride on Wall Street.

Key underlying short-term market indicators show the following:

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THE BOTTOM LINE: The stock market needs some more time in order to reach an oversold tradeable bottom. The soonest that could happen would be the week following the 4th of July holiday. Until then, it may be smarter to detach yourself from this market as a period of wild moves can be expected this coming week as Central Banks try to instill confidence in an unstable global market. I’d guess the July 11th plus or minus one day is about the time market rallies again. This rally could be sharp, tricky to catch, but highly profitable for those who can bet wisely.

WALL STREET CRAPS STOCK MARKET STRATEGY – JUNE 20, 2016

June 19th, 2016 Comments off

craps front coverSTOCK MARKET STRATEGY FOR JUNE 20, 2016: The stock market has reached oversold conditions in all of the internal indicators that are followed here. But be careful about committing too much to the long side at this time. Expect lots of volatility in the coming week with the news coming out of Britain. I would expect false moves in either direction with the end result being the formation of an overall topping formation. But for the nimble, a little more weakness could lead to another trip to challenge the previous highs.

Key underlying short-term market indicators show the following:

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THE BOTTOM LINE: The stock market may produce a short-term bounce or a period of volatile up and down action. Expect the political news from Britain to provide the backdrop to some wild action over the next two weeks. As a trading strategy, I may go long on a move to the 200-day moving average of any of the major indices. It would only be as a short-term trade to play the bounce.

WALL STREET CRAPS STOCK MARKET STRATEGY – JUNE 12, 2016

June 12th, 2016 Comments off

craps front coverSTOCK MARKET STRATEGY FOR JUNE 5, 2016: The stock market hit its high for this rally since February on Wednesday just above the 18,000 mark of the DJIA. With the internal indicators all trending down, the major averages might reach an oversold conditions this coming week and produce a bounce. This bounce will tell whether there is enough strength to continue the rally or begin a longer, intermediate-term decline of significance. In any case, be prepared for scary volatility in both direction for the rest of this month.

Key underlying short-term market indicators show the following:

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THE BOTTOM LINE: The stock market may have reached the end of this rally since February 11th this past Wednesday. As such, treat any bounces as chances to lighten up or get out of the market. We could get oversold reading this week which would produce a retest bounce. That bounce may be a wise time to take the money and run. This may be a significant intermediate change in the market’s direction.

WALL STREET CRAPS STOCK MARKET STRATEGY – JUNE 5, 2016

June 5th, 2016 Comments off

craps front coverSTOCK MARKET STRATEGY FOR JUNE 5, 2016: The stock market is coming off of an overbought condition with a decent chance of a buying opportunity soon. The internal indicators are trending down and with some more weakness could reach oversold conditions by the end of the week. So a time to buy into this market with good odds is possible if the market corrects some more. Otherwise, a move to challenge the old highs would more than likely run out of gas.

Key underlying short-term market indicators show the following:

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THE BOTTOM LINE: The stock market could present a buying opportunity in the next week to 10 days if a correction were to continue. So be ready, keep your powder dry, and wait for a possible chance to ride the market up to new highs and beyond.