Here are some charts I am following for various reasons. I’ll look at the loonie, WTI oil, Canadian oil, the SPX, the TSX and Europe. If you have any broad market or sector charts you’d like me to address, please put them in the comments at the bottom. Here goes: Canadian dollar The loonie’s Read More
Bear-o-meter back to neutral
Before getting started, I wanted to note that we are publishing a newsletter update today. This is a version of the client newsletter we do. Sometimes the newsletter mirrors this blog, but sometimes it presents differing thoughts. Today’s newsletter is one of those differing messages. It outlines our in-house strategy for the coming weeks. I 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
Green shoots growing out of the cow patties
I recall seeing green shoots sticking out of the cow patties in a farmers field on a ride one day. This market has certainly been a field of cow patties. But like the cow field, there are some signs that the bounce (green shoots) we are seeing today may follow through for a few days Read More
The battle plan
Today, I’ve written a longer blog. I hope you find the time it takes to read it enlightening. I’d like to look a bit closer at the last two major stock market crashes. Specifically we’ll look at the 2000-2001 crash and the 2008-2010 crash. Are there any patterns in these crashes that might offer clues Read More
MACD may signal the bottom of this crash
Last week a wild one for markets, to say the least. Today carries on that tradition. The Bear-o-meter reading that I took last week provided a simple message, in my experience: the stock market will most likely rally significantly over the coming months, but there’s also a high probability that markets will continue to experience Read More
Bear-o-meter quick update
This is going to be a quick n’ dirty blog – hopefully it helps. Before getting to the meat of it – for those who don’t already, please consider subscribing to our newsletter. True, sometimes we repeat content form this blog on it, but other times like today, we spit out some new thoughts on 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
Bear-o-meter screaming low risk!
For those who follow my blog with some regularity, you’ll know that the Bear-o-meter is a risk/reward measurement tool that I’ve been using since 2015. Prior to the creation of this tool, I was using many of the 12 components independently to measure the relative attractiveness of market conditions. These components are nothing new to Read More
Update for my readers
Just a short addendum to the blog I posted yesterday. I noted that I was on the hunt to buy some stocks during the market selloff, and suggested I would start with one leg into the market yesterday. One of the qualifications we set before buying was a reversal pattern off of technical support. That Read More