A few years back, I did a paper for the CSTA (Canadian Society of Technical Analysis) on my Bear-o-meter. In the paper, I noted signals of the Bear-o-meter where there was a change from the “bullish zone” – which is a reading of 5 or higher- into “Bearish” zone – which is 2 or lower. Read More
Got junk?
My friend Brooke Thackray writes a newsletter that ties his macro technical views into seasonal plays. Brooke, for those who don’t know him, is one of the original people in Canada to study seasonal trends. In fact, I met Brooke some 20 years ago after I read his first book – Time In – Time Read More
Bear-o-meter reads bullish!
Before getting into this month’s Bear-o-meter reading and interpretation, I thought I would quote Larry McDonald – who’s institutional research reports I have been subscribing to for several years. Larry’s research isn’t cheap, but he’s one of the more accurate analysts on the street. His background as head junk bond trader at Lehman’s (which was Read More
First, the good news…
. Let’s get right to the point on today’s market analysis. The good news regarding stock market indices is: The SPX, DJIA and NAZDAQ are all ahead of their 200 days SMA’s All three of the indices are approaching their old highs – they are close enough to expect that test point to occur shortly Read More
Money never sleeps
The movie “Wall Street” featuring Michael Douglas and Charlie Sheen (in Charlie’s pre-weird days) is a Wall Street classic. I’ve watched the movie more than once, and many of you may have seen it as well. They made a sequel to the movie called Wall Street: Money never sleeps. It kinda sucked. As a lady Read More
Whaz-up with da’ markets?
About a week ago, we got a neartermed timing model “sell signal”. This lines up with the “cautious” reading I got from the more macro-viewing Bear-o-meter on February 4th https://www.valuetrend.ca/bear-o-meter-drops-to-cautious-zone/ Below is the chart of my neartermed timing system signalling a sell. This system, which I have posted numerous times on this blog, is pretty Read More
Bear-o-meter drops to cautious zone
Those who have been following this blog for a while will be aware of my Bear-o-meter. It’s a compilation of numerous factors measured mostly against the S&P 500 under the headings of trend, breadth, sentiment, value and seasonality. Each factor is scored and assigned a positive, negative or neutral number. Some of the factors Read More
Dazed & confused
I’m in my late 50’s, so my highschool years put me into the heart of the 1970’s –where the greatest rock n’ roll bands of all time produced their timeless masterpieces. At no time since the 1970’s has there been such iconic rock music produced. Sure, the 1960’s produced the ground breakers like the Read More
For what its worth
I thought I would pull some comments (excluding the individual stock names) from an update we just emailed out to our clients. I want to emphasize that these comments should not be taken as investment advice. You have to make your own decisions, or consult with a qualified advisor. I can be wrong – and Read More
The playbook
Lots of questions are coming in regarding how I might play the current market. I’ll start off by quoting a reply (with some minor edits) I gave to a reader named Chris as to how I am strategizing right now. Chris’s question came about after last week’s blog regarding the overbought market condition: “Any pullback Read More