I’ve been in the investment business for pretty much exactly 30 years. Having started in 1990, I’ve seen my share of themes come and go. To name just a few, I’ve seen the mining boom (early 1990’s), the Japanese bubble (mid-1990’s), “ethical investing” mutual funds (also in the mid-1990’s), the tech bubble (1999-2001), the Y2K Read More
Bear-o-meter reads a bit bearish
I try to read the Bear-o-meter once a month – near the beginning of each month. The Bear-o-meter is a risk/ reward indicator. It’s a compilation of indicators falling under general classifications of Breadth, Value, Trend, Breadth-momentum, Sentiment and Seasonality. The Bear-o-meter assigns risk on a scale of 0-8. A reading of 3 or under Read More
Does anyone still follow Bitcoin?
While I’m in Florida preparing for the MoneyShow on Friday and my bike race on Saturday, ValueTrend’s Technical Analyst Associate Aleks Bozic put together a blog. Aleks has an interesting observation on bitcoin. Take it away, Aleks! Alek’s bit on Bitcoin Back in 2017, Bitcoin was one of the most Googled words. Now it seems Read More
One down, one to go
Two stocks come to mind when I think of the term “parabolic rise”. Apple The first crazy parabolic stock pattern has been that of Apple’s price chart. Apple has been THE stock, or at least one of THE stocks, over the past few months. Problem being, the stock went parabolic after it broke out last Read More
Special report: how sick will the coronavirus flu make the market?
I like to use analogies when I explain stock market probabilities. For example, in my last blog, I noted how overbought the market was. I noted that the indicators suggesting that the market is overbought don’t provide super timely immediate sell signals. They simply present the fact (not the opinion) that markets are higher risk Read More
Massively overbought
The US stock market is massively overbought. The weekly chart of the SPX, below, shows us how the market is running along the top of its Bollinger Band (BB), while it remains substantially over its RSI’s 14-day overbought zone. Take note of that same overbought environment in the last months of 2017. The excess was Read More