As I age, I become more of a skeptic. As Canadian rock group Rush once sang in their hit “Tom Sawyer”–“His mind is not for rent, to any God or Government”. As a skeptic, I subscribe to Skeptic Magazine– which is a science magazine dedicated to critical scientific analysis of common beliefs. The magazine continues Read More
Another collage of insights, opinions, and ponderings
I’m not very confident in the complete accuracy of any analysis out there, including my own. How’s that for a confidence inspiring opening? Fundamental indicators, for example, do not account for a once in a hundred year pandemic. As Jason Goepfert of sentimentrader says “The outcome of this recession really boils down to a battle Read More
Just another ending of the world
For fun, here is a summary of news headlines from the past couple of weeks as market literally went up, down, up, down in a rhythmic pattern. “Market falls on renewed coronavirus fears” “Market rallies on easing coronavirus fears” “Market falls on renewed coronavirus fears” “Market rallies on easing coronavirus fears” “Market falls on renewed Read More
Learning to walk
A reader sent me an email recently asking about a chart I had posted on a blog many months ago. Thanks to Paul in Calgary for inspiring the revival of this chart, which illustrates the period between 1997 to now. Scroll down to view it. You’ll note on the left side of the chart the Read More
Value vs. Momentum
Money seems to be moving into value, and away from momentum. You’ll recall my last blog where I noted that the Russell 2000 small capped index (IWM) was on the verge of popping. The IWM ETF can represent stocks that offer some level of “value” – mainly when markets have focused on large capped stocks. Read More
Will the FANG’s roll over?
Markets often enter corrective phases as former leaders roll over, and new leaders take their place. Rotation is a healthy thing, and can keep a bull market rising. But – such changing of the guard often involves a bit of chaos as the leading stocks give ground. Market leading stocks or sectors which have become Read More
One with the market
“It’s easier to fool people than to convince them they’ve been fooled.” Mark Twain At this point, a lot of people are forming theories and opinions about the market. The bulls are theorizing that the economy is going to continue expanding and earnings will continue growing for a prosperous stock market. The bears are Read More
The game plan
The following is a reprint from a client update we just sent. I thought it would be of use to readers of the blog. As I suggested on BNN recently, the market has made it back into a “vital zone of support”. My last blog also discussed this vital support zone for the markets. The S&P Read More
The long and short of it all
Today I’d like to review the longer (macro) termed outlook via a current reading of my Bear-o-meter. I’ll re-post a chart of the S&P 500 that I’ve put up a couple of times that will point out a few potential technical targets for that index. Finally, I’d also like to review the neartermed probability targets Read More
My dad’s smarter than your dad.
Super brief look at the market before we get started on the main topic of today’s blog. Rumor has it that the markets have been volatile. If this rumour is true, we’d better take a look at the charts to see if the situation is dangerous. Below is a chart of the S&P 500. The Read More