Stocks Tank On Final Week Before Election… 11/05/2016

In a normal, non easy money world, we would say the market is tracing out a classic topping pattern and the days are numbered for this bull market. Last week we saw several major global central banks become “less dovish.” That doesn’t mean they won’t announce more easy money if markets fall, just right now, […]

Week in Review: Stocks are Getting Weaker… 10/28/2016

The tape remains very split but is getting weaker. This was the 8th consecutive week that the S&P 500 and Dow Jones Industrial average closed below their respective 50 DMA lines. More worrisome for the bulls, the Russell 2000 broke below the neckline of a big double top pattern (see annotated chart). Meanwhile, the Nasdaq […]

Market Remains Split; 7th Weekly Close Below Support

The tape remains very split.  This is the 7th consecutive week that the S&P 500 and Dow Jones Industrial average are below their respective 50 DMA lines.  Major support is October’s low and if that level breaks the next level to watch is the longer term 200 DMA line. The Nasdaq 100, on a relatively basis, […]

Week in Review: Stocks Smacked as Earnings Season Begins… 10/14/2016

Stocks fell hard last week as earnings season officially began.  It was a volatile and important week because the Nasdaq 100 hit a fresh record high on Monday, then sellers showed up and sent stocks lower for the rest of the week.  On Monday, the Nasdaq 100 jumped to a fresh record high as the […]