Despite some short-term weakness in this week’s overall market trend picture, the intermediate- and longer-term trend of most major indices and sectors remains up. There’s plenty of room for the market to correct further here – and it’s certainly due for a breather – but it will probably take a significant sell-off from these [...]
The ability of most major stock markets and indices to continue to move higher speaks for itself: the trend remains up. This is further confirmed by the almost all positive weekly trend picture, with only the Japan Index ETF currently negative.
The S&P 500 appears to have pushed above the 1510-1520 resistance level and is [...]
The current trend picture for most stock markets and sectors remains almost completely positive, although Thursday’s market sell-off in the U.S may be a sign to expect more turbulence ahead. As usual, however, until the trend picture and other indicators suggest otherwise, the benefit of the doubt remains on the side of the bulls.
Key [...]
A still all-positive trend picture and a declining but not-yet-extreme put/call ratio point to a still-intact intermediate-term uptrend in the major U.S. stock indices. Certainly many stocks are “stretched” here and could correct at any time, but until the intermediate-term trend and sentiment indicators suggest otherwise, I’ll continue to view sell-offs as buying – i.e., [...]
