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Archive for September, 2017

WALL STREET CRAPS STOCK MARKET STRATEGY SEPTEMBER 23, 2017

September 23rd, 2017 Comments off

craps front coverSTOCK MARKET STRATEGY FOR SEPTEMBER 23, 2017: The stock market is at the top of its price range with a few of the internal indicators in overbought territory. But other indicators show neutral readings which still allows the market to go in either direction with equal likelihood. This is one of those times where it’s probably most prudent to lighten up on over-extended positions and wait to add when the next oversold condition presents itself.

Key underlying short-term timing indicators show the following:

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THE BOTTOM LINE: The Fear/Greed Index is currently reading “Greed” after being in the “Extreme Greed” range for a few days last week. Many times this means that this indicator will traverse itself from an “Extreme Greed” reading back down to an “Extreme Fear” reading. But most of all, this index is saying that this is not a good time to be buying. The next week should be interesting as the general market may be setting up for an October Crash. Stay alert!

FEAR/GREED SENTIMENT INDEX – SEPTEMBER 16, 2017

September 16th, 2017 Comments off


The “Fear/Greed Sentiment Index: What Emotion is Driving the Market Now?” reading is once again back in the “Extreme Greed” range after being in the “Extreme Fear” zone only a few weeks ago. At the beginning of this week, most of the internal indicators were showing “overbought” conditions. Plus, the market indices are pushing against resistance levels at the top of the price ranges.

All of these point to a time when it’s too late to buy and most likely a good time to sell or lighten up. And while this Fear/Greed Index is showing “Extreme Greed,” it can still move closer to the 90-95 range before exhausting itself to the upside.

Now is a time to start building up cash for the next buying opportunity when this indicator is back in the “Extreme Greed” area. That time is several weeks away.

WALL STREET CRAPS STOCK MARKET STRATEGY SEPTEMBER 10, 2017

September 10th, 2017 Comments off

craps front coverSTOCK MARKET STRATEGY FOR SEPTEMBER 10, 2017: The stock market is in a sort of “no-man’s land” right now. Last week, it was in an “overbought” area and now it may be tracing out a pattern across its price range towards an “oversold” condition. With all of the internal indicators showing “neutral” readings, there is plenty of room for the market to go in either direction. But we are in the time of year when tops and bottoms can form, it would be prudent to play it safely right now and wait for a better opportunity to take shape in the coming weeks.

Key underlying short-term timing indicators show the following:

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THE BOTTOM LINE: The Fear/Greed Index is currently reading “Fear” after being in the “neutral” range for a few days. I wouldn’t be surprised to see this index go back into the “Extreme Fear” range before finally hitting the bottom of this sideways correction. There isn’t any immediate action that needs to take place right now. This is a time to build cash reserves in anticipation of a better buying opportunity in the coming weeks.

WALL STREET CRAPS STOCK MARKET STRATEGY SEPTEMBER 4, 2017

September 3rd, 2017 Comments off

craps front coverSTOCK MARKET STRATEGY FOR SEPTEMBER 4, 2017: The stock market finds itself at the top of its trading range once again after being in the “Extreme Fear” area of the Fear/Greed Index for several days. With all five internal indicators reading “overbought,” it is time to take some profits and refrain from buying just now. This rally probably has a few more days before it corrects. But it’s anyone’s guess whether this next dip is going to be sideways, shallow, brief or extended. This is a very tricky time of year and with all that’s going on in terms of political and tax-reform news the volatility in the market can be expected to increase significantly. Thus, you don’t want to take too many chances of being on the wrong side of the market.

Key underlying short-term timing indicators show the following:

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THE BOTTOM LINE: The Fear/Greed Index is currently reading “Neutral” after being in the “Extreme Fear” range for many days. Usually this marks an intermediate term bottom, but the correction has been so shallow that it’s difficult to call it anymore than a “dip.” With the market short-term overbought, it would be prudent to avoid new purchases right now. But with the market near resistance price levels, I’d be looking for obvious non-confirmations as a sign of a trend-reversal. But more than anything, this is a time to be cautious and manage your chips wisely.