Technical Stock Market Report
The good news is: New highs are strong, new lows are minimal and the secondaries are outperforming the blue chips. The Negatives: The market is overbought. The positives: New highs have been holding at...
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The good news is: Last Thursday, with great fanfare, the Dow Jones Industrial Average (DJIA), S&P500 (SPX) and NASDAQ composite (OTC) all closed at all time highs. The Negatives: The market is...
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Friday's market action will probably shut down any talk of a September rate hike by the FED. If the typical non confirmation patterns are followed as there should be, at least, one more new highs in...
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The Good News Is: The NASDAQ composite (OTC) closed at an all-time high last Thursday. The Negatives: New highs failed to confirm last week’s rally. The first chart covers the past 6 months showing the...
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All of the right things are happening for a bull market. New highs are increasing, new lows are decreasing and the secondaries are stronger than the blue chips. The only problem I see is downside...
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Everything you look for in a bull market is happening to extremes…except bonds which are at extremes in the other direction. I expect the major averages to be higher on Friday December 2 than they were...
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The good news is: The Dow Jones Industrial Average (DJIA) hit an all-time high last week. The Negatives: The DJIA hit an all-time high Thursday that was unconfirmed by all of the more broadly based...
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The good news is: All of the major indices closed at all-time highs last Friday. The Negatives: The market is overbought. The Positives: Last week new lows disappeared while new highs soared to their...
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The good news is: All of the major indices closed at all-time highs on Friday. The Negatives: New highs again failed to confirm the index highs. The chart below covers the past 6 months showing the...
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The Good News Is: All of the major averages closed at all-time highs last Friday. The Negatives: The market is overbought.
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