Due to a recent unfortunate family event I was unable to post last week and have had little time to attend to market-related matters. This is doubly unfortunate as the market last week presented more opportunities than it had in many weeks and months.
While the trend picture is obviously currently down (at least for [...]
The trend picture remains negative for most market indices and sectors. Only the Healthcare and Utilities sectors are currently positive.
Sentiment indicators are improving as market observers are becoming more bearish, but still aren’t at extreme levels. A break lower, however, could change this quickly as it would constitute a break of many [...]
The overall market trend picture is now clearly negative for all major U.S. indices. And many signs suggest that the market will need to pull a rabbit out of its hat if it’s to avoid what now seems to be a very likely probability of a further decline:
The trend picture has clearly resolved to [...]
