Archive

Posts Tagged ‘investing’

WALL STREET CRAPS STOCK MARKET STRATEGY NOVEMBER 28, 2019

November 28th, 2019 Comments off

craps front coverSTOCK MARKET STRATEGY FOR NOVEMBER 28, 2019: The major indices in the stock market (Dow, S&P, Nasdaq) all hits consecutive historic highs for three days in a row on declining volume. A similar situation happened in reverse back in August of 1982 when the general market quietly exhausted all selling at its final inflation-adjusted all-time low. Could this be the ultimate top? Have the last short-sellers finally thrown in the towel? Isn’t it a coincidence that this is happening on a holiday, too?

Key underlying short-term timing indicators show the following:

***********

THE BOTTOM LINE: The stock market is quietly making new all-time highs as complacency has set in on a seemingly never-ending relentless advance. But my senses tell me that the top is close at hand and a move to the sidelines is most likely the smartest move to make right now.

WALL STREET CRAPS STOCK MARKET STRATEGY OCTOBER 26, 2019

October 26th, 2019 Comments off

craps front coverSTOCK MARKET STRATEGY FOR OCTOBER 26, 2019: The stock market has been rallying for 4 weeks now in a narrow channel suggesting a change of direction soon. With the internal indicators having reached “overbought” territory during this past week, I’d expect a move down the next few days with a setup for one last run to new highs before the late Fall volatility returns to finish the year.

Key underlying short-term timing indicators show the following:

***********

THE BOTTOM LINE: The stock market has already made an internal top with the market likely to dip for a few days before going to new highs during the second week on November. Be ready for a quick dip buy point this coming week for a ride up.

FEAR/GREED IS NOW REGISTERING “NEUTRAL”

September 28th, 2019 Comments off

The “Fear/Greed Sentiment Index: What Emotion is Driving the Market Now?” has a current reading of “52” which is not indicating a nearby top or bottom. Keep in mind that more often than not, the final bottom or ideal buy point occurs when this indicator is below a reading of “10.”

WALL STREET CRAPS STOCK MARKET STRATEGY SEPTEMBER 7, 2019

September 7th, 2019 Comments off

craps front coverSTOCK MARKET STRATEGY FOR SEPTEMBER 7, 2019: The stock market just broke above its most recent tight trading range on optimist news about a possible China trade deal. But the internal indicators suggest that the market is overbought and a correction is due with a possible target low around September 11th – the anniversary of 9/11/2001. This may be a good time to lighten up on positions over the short-term with a decent chance of a hard spike down in the coming week.

Key underlying short-term timing indicators show the following:

***********

THE BOTTOM LINE: The stock market has made a significant rally on obvious good news about a China trade deal. But the overbought condition makes the short-term market one that could be bumpy and volatile. This may be an opportune time to take some profits and be ready for better odds over the shorter term.

WALL STREET CRAPS STOCK MARKET STRATEGY AUGUST 31, 2019

September 1st, 2019 Comments off

craps front coverSTOCK MARKET STRATEGY FOR AUGUST 31, 2019: The stock market is currently in a tight trading range with its 4th trip up to the top of it on Friday. With the internal indicators in neutral territory across the board, I’d expect the trading range to continue without a breakout to either the top or bottom in the next few weeks. Don’t be surprised if the rally continues for a few more days on hopes for a trade deal with China only to find disappointment and threats again by next weekend…..and another drop to test the bottom of the range.

Key underlying short-term timing indicators show the following:

***********

THE BOTTOM LINE: The stock market is in the middle of its trading range in terms of the internal indicators. It appears that the market will continue upwards for a few more days before taking another trip to revisit its most recent bottom.

FEAR/GREED IS NOW REGISTERING “EXTREME FEAR”

August 6th, 2019 Comments off

The “Fear/Greed Sentiment Index: What Emotion is Driving the Market Now?” has a current reading of “22” which is the first step to getting a tradable bottom. But keep in mind that more often than not, the final bottom or ideal buy point occurs when this indicator is below a reading of “10.”

WALL STREET CRAPS STOCK MARKET STRATEGY JULY 22, 2019

July 21st, 2019 Comments off

craps front coverSTOCK MARKET STRATEGY FOR JUNE 15, 2019: The stock market is still hovering close to its all-time highs, but has undergone some internal corrections of late. Both McClellan Oscillators are giving “oversold” readings with the Volatility Indicator within a day of reaching a similar “oversold” level. This usually means that the dip here is yet another buying opportunity over the short term.

Key underlying short-term timing indicators show the following:

***********

THE BOTTOM LINE: The stock market may easily be in a “buy the dip” situation. Another day of weakness, would make this an even better opportunity for those willing to play the shorter-term game. I wouldn’t be surprised if this choppiness were to continue until the end of the month, too.

WALL STREET CRAPS STOCK MARKET STRATEGY JUNE 15, 2019

June 15th, 2019 Comments off

craps front coverSTOCK MARKET STRATEGY FOR JUNE 15, 2019: The stock market was overbought in all 5 internal indicator by midweek and are all trending down in the same pattern as of this weekend. This setup could lead to a buying opportunity by the end of the coming week if all 5 indicators continue on their current path. We haven’t seen this clean a pattern in awhile so be ready to take trading positions as early as this coming Friday.

Key underlying short-term timing indicators show the following:

***********

THE BOTTOM LINE: The stock market has a very clean top with almost identical charts in all 5 internal indicators. This is confirmation of a short-term trend change with a move across the channel to a corresponding “clean” bottom in all 5 internal indicators. That would be the desired outcome, but rarely do these things line up so cleanly. But if they do, we may have a nice trading bottom forming by the end of this week or the beginning to next week.

WALL STREET CRAPS STOCK MARKET STRATEGY JUNE 2, 2019

June 5th, 2019 Comments off

craps front coverSTOCK MARKET STRATEGY FOR JUNE 2, 2019: The stock market is oversold in two out of the five internal indicators. Any weakness on Monday or Tuesday should be considered a short-term buying opportunity. Expect this bottom to be a tricky one to catch (like they all are) and be prepared to buy early rather than be left back at the station. (Note: This was supposed to have been posted on Sunday night but was delayed due to a personal emergency.) 

Key underlying short-term timing indicators show the following:

***********

THE BOTTOM LINE: The stock market is oversold enough to begin looking to accumulated broad-based stock positions. The trickiest scenario would be for the market to open higher on Monday and force traders to buy into strength rather than weakness.

WALL STREET CRAPS STOCK MARKET STRATEGY MAY 13, 2019

May 19th, 2019 Comments off

craps front coverSTOCK MARKET STRATEGY FOR MAY 13, 2019: Note: I was ready to post this after Monday’s decline. These were the readings on that day’s close after a brutal decline. But in truth, I was looking for a follow through on Tuesday morning to fade a buy into. But Tuesday opened up and I never capitalized on this minor short-term buy signal.

Key underlying short-term timing indicators show the following:

***********

THE BOTTOM LINE: The stock market gave us a brief buy point at the end of Monday’s close, but it would have been tricky to catch. This is another piece of evidence that short-term trading is difficult to do in today’s environment. It’s better to wade in with smaller units as opportunities present themselves. You will go crazy trying to catch the perfect time to buy and thus, it is unwise to make large bets with the expectation of a short-term turnaround.