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Posts Tagged ‘money mastery’

WALL STREET CRAP STOCK MARKET OBSERVATIONS – May 17, 2015

May 17th, 2015 Comments off

craps front coverSTOCK MARKET OBSERVATIONS FOR May 17, 2015: The stock market is at the top of its trading range. The next closing high (or two) in the Dow Jones Industrial Average may turn out to be the last one for the intermediate term. A day or two more to the upside should push all of the breadth indicators to “overbought” levels. That would put a lid on any significant movement in the current rally and strongly favors a sizable correction in the coming 3 to 5 weeks.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: If the market back off right here and consolidates, then there is a good chance for a clean breakout to the upside. On the other hand, a quick small move to the upside would probably result in an unconfirmed intermediate term top in the market. This would be a good time to sell into any rally in the next two trading days or even take a small speculative position in a weaker broad-market short instrument like TZA.

WALL STREET CRAPS STOCK MARKET VIEWS – MAY 10, 2015

May 10th, 2015 Comments off

craps front coverSTOCK MARKET OBSERVATIONS FOR May 10, 2015: The stock market rallied on Friday into its projected Bradley Turn Date for May 10th. Whether this pans out or not will be quite interesting as the market’s pattern unfolds in the coming weeks. On the technical side, internal breadth indicators are now in “neutral” positions with last week’s volatility. This means that the market is in the position of going in either direction with equal probabilities. So until there is a clear breakout, the market remains in the tight trading range that’s been in place for the entire year.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: The only clearly oversold Exchange-Traded Funds as far as the Money Flow Indicator is concerned is the TLT (Barclay’s 20+ year U.S. Treasury Bond Fund) and the PGF (PowerShares Financial Preferred Stock Fund). This seems counter-intuitive based on the popular perception that interest rates will be rising shortly. Otherwise, this again appears to be a time to stay on the sidelines and away from the risk of this indecisive general market.

WALL STREET CRAPS STOCK MARKET OBSERVATIONS – MAY 3, 2015

May 3rd, 2015 Comments off

craps front coverSTOCK MARKET OBSERVATIONS FOR May 3, 2015: The stock market dropped slightly this past week creating some semi-oversold breadth readings. But Friday’s “gap up” rally, has put the market back in the mid-range of the internal oscillators. A smart trader/investor should be ready for another retest of the highs in the coming week. And while the Dow Jones Industrial Average may achieve a new closing high, the chances are good that the market will not move much past that number. With the yield on the 10-year Treasury Note going higher, it is creating a slow shift from bullish to bearish in the underlying stock market.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: This would be another time to stay out of the market or lighten up on positions as the old highs in the indices are challenged. On the other hand, if the market was to decline in the next several sessions, we could be presented with a short-term buying opportunity. The strategy that has been most effective over the 12 months is to “buy the dips, and sell the rips.”

WALL STREET CRAPS STOCK MARKET OBSERVATIONS – APRIL 26, 2015

April 26th, 2015 Comments off

craps front coverSTOCK MARKET OBSERVATIONS FOR April 26, 2015: The stock market is at the top of its trading range right now. While the Nasdaq and S&P 500 are reaching new highs, the Dow Jones Industrial Average and Dow Jones Transportation Average have yet to confirm. With all six of the internal breadth indicators listed below in neutral positions, the general market has room to go in either direction. This is a time to step back and let the market determine its own course. With the release of Apple’s earning on Monday, we could get our answer real soon.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: There are no trades in sight except for possible accumulations of precious metals on further weakness in the coming weeks. While it may not be the final bottom for these issues, a policy of dollar-cost averaging may be a smart way to play the GDX, GLD, and/or SLV Exchange-Traded Funds. These ETFs are gradually approaching the lower end of their trading ranges where they should all find support. Of these issues, I prefer the GDX because it has the highest average daily volume and greatest volatility.

WALL STREET CRAPS STOCK MARKET OBSERVATIONS – APRIL 19, 2015

April 19th, 2015 Comments off

craps front coverSTOCK MARKET OBSERVATIONS FOR April 19, 2015: The stock market challenged the previous highs on Thursday before dropping into the end of Friday’s session. What looked like a breakout to the upside is now threatening to be just the opposite – a breakout to the downside. But most of the internal indicators are approaching oversold levels. These indicators tend to be a couple of days early so that a trading bottom appears to be more than a week away at best. This is a time in which a smart market player waits for a deeply oversold bottom before committing any funds.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: Be ready for a short-term bounce on further weakness during Monday’s or Tuesday’s session. You can take small bets on the following leveraged broad-based ETFs for fast money: SSO, DDM, QLD.

Otherwise, it is best to wait for oversold readings in the Full Stochastics Indicators for the DIA, SPY, QQQ, and IWM Exchange-Traded Funds which are just now beginning their decent downwards.

 

WALL STREET CRAPS STOCK MARKET OBSERVATIONS FOR APRIL 5, 2015

April 4th, 2015 Comments off

craps front coverSTOCK MARKET OBSERVATIONS FOR April 5, 2015: The stock market climbed and dropped last week putting all of the internal breadth indicators in neutral positions. With the negative jobs reports on Friday, expect the stock market to begin the week with an initial sharp downward move. But don’t be surprised if this spike down is completed by late Wednesday and the start of another “V-Shaped” bottom takes shape. This has been the pattern over the last several months as the hedge funds, computer trading, and institutions compete for performance.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: Be ready to act on weakness during either Wednesday or Thursday as the oscillators approach oversold readings. This could be the beginning of another V-Shaped bottom with a short, but violent rally over the near term. You can take small bets on the following leveraged broad-based ETFs for fast money:  SSO, DDM, QLD

STOCKS NEAR OR AT THE BOTTOM: MSFT

EXCHANGE-TRADED FUNDS NEAR OR AT THE BOTTOM: IYT

WALL STREET CRAPS STOCK MARKET OBSERVATIONS FOR MARCH 29, 2015

March 28th, 2015 Comments off

craps front coverSTOCK MARKET OBSERVATIONS FOR March 29, 2015: The stock market declined for 7 trading sessions in early March. Then it declined for 7-8 days in mid-March. After declining for most of last week, the rhythm of the market implies that we should hit a short-term bottom on either Tuesday or Wednesday of this coming week. Expect the hedge funds & computers to jump the gun and cause a gap up opening when they decide it’s time to rally. So the best time to take positions for a ride back up to challenge the old highs will probably be during the last hour of trading in a quiet market.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: The internal indicators are not quite at oversold readings so expect further weakness early in the coming week. I expect the last hour of trading to be the best time to establish positions on either Tuesday or Wednesday in the following Exchange-Traded Funds:  QQQ, DIA, IWM, SPY, SSO, DDM

STOCKS NEAR OR AT THE BOTTOM: BAC, CSCO

EXCHANGE-TRADED FUNDS NEAR OR AT THE BOTTOM: XLB

WALL STREET CRAPS STOCK MARKET OBSERVATIONS FOR MARCH 15, 2015

March 15th, 2015 Comments off

craps front coverSTOCK MARKET OBSERVATIONS FOR March 15, 2015: The stock market reached an oversold condition in the majority of indicators on Wednesday March 11th. In the following days, the market traced out a zig-zag pattern that often precedes an advance. Barring any extreme bad news, the market favors a return to its previous highs. Most of the indicators listed below are coming off of their lows and are expected to return to the top of their oscillators – implying a retest of the old highs.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: The stock market could spend a few more days retesting last Wednesday’s bottom before embarking on a retest of the old highs. Traders may consider taking new positions on any weakness in the beginning of the week with the intention of holding until it meets resistance near the old highs. A target date for the next high is around March 23rd. After that date, we could have another moderate decline on a failed retest of the old highs. Therefore, this next rally may serve more as a time to lighten up on long positions for longer term investors.

STOCKS NEAR OR AT THE BOTTOM: CVX, INTC, IBM, MSFT, MRK, PEP

EXCHANGE-TRADED FUNDS NEAR OR AT THE BOTTOM: SLV, CVY, GLD, XLB, XLE, XLU, TDIV

WALL STREET CRAPS STOCK MARKET OBSERVATION FOR MARCH 8, 2015

March 8th, 2015 Comments off

craps front coverSTOCK MARKET OBSERVATIONS FOR March 8, 2015: The stock market declined last week after having corrected sideways the previous one. Many of the oscillators are reading “oversold” which allows for a bounce in the next day or so. But most of the individual stock oscillators are in the middle of their price corrections. This would lead me to conclude that the most likely path for the market is a quick bounce on Monday or Tuesday followed by a lower low later in the week or the beginning of the next week.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: Nimble traders may want to buy into early weakness on Monday for a good bounce early in the week. Otherwise, you can probably wait for a lower low either late in the week or early next week. By next week, there should be lots of quality stocks with oversold readings worth buying.

STOCKS AT THE BOTTOM: None

EXCHANGE-TRADED FUNDS AT THE BOTTOM:  SLV

WALL STREET CRAPS STOCK MARKET OBSERVATION FOR MARCH 1, 2015

February 28th, 2015 Comments off

craps front coverSTOCK MARKET OBSERVATIONS FOR March 1, 2015: The stock market climbed to new highs last week on perceived good news from the Fed. A retest of this most recent high is likely this coming week. Whether that retest is with strength or not will determine if the area we are now in is actually a “top.” With the majority of indicators trending lower in “neutral” positions, the stock market could be performing a “sideways correction” where prices don’t come down much, but breadth does.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: The market could reach a trading opportunity soon provided that the majority of indicators become “oversold.” That could happen in the next week or so in the event that we don’t get an immediate retest of the most recent top. If instead we get an immediate retest of the last high, then traders should be ready to sell into strength unless the move up has renewed power (volume) to it. But overall, the best strategy of the last few years has been to “buy the dips and sell the rips.”

STOCKS AT THE BOTTOM: No stocks or ETFs have any Money Flow Indicator or Relative Strength Indicator buy signals at this time.