While most major market indices showed modest gains this past week, not much has changed from a technical perspective – upward momentum is slowing, the technology sector is still under performing, and the trend picture, though improved a bit from last week, remains somewhat mixed overall. As yet however, these caution signs are only that, [...]
For the first time in quite a while the market is looking vulnerable on an intermediate-term basis. Several key developments are of concern:
From a technical perspective, the market (so far) appears to be following the “worst-case scenario” I mentioned in my post two weeks ago, where at least some of the major indices and sectors [...]
Another week and yet another positive weekly trend picture for the major stock market indices. While stocks are at some point going to have to take a breather, they have yet to actually show any significant weakness in their ongoing intermediate-term uptrend.
One potentially negative development however is the somewhat improving trend picture for the Commodity [...]
The intermediate-term trend picture remains firmly positive for all of the major market indices, although there are signs – in the form of negative divergences – of some slowing in upside momentum. While these may suggest an increased possibility of a correction ahead, they could also easily be negated by further strong upside action.
Neither [...]
While last week’s sell-off may be a sign to expect increased turbulence ahead, it did little to change the positive intermediate-term trend picture for all the major market indices. Even the iShares MSCI Japan Index – which had been negative – is now positive.
That said, there’s certainly room for the market to correct further without [...]
