The markets have gotten pretty speculative with many of the high beta names moving to the upside. The next correction should be much scarier than what we’ve seen to date.
I’m bullish longer term with some evidence of an improving economy starting to make the headlines. However, bull markets don’t go straight up and [...]

Market momentum has been quite strong recently with every decline greeted by investors as a buying opportunity. When the speculative juices are flowing like now, we usually get some kind of imminent short-term pullback. Let’s see what happens. This bull market has not given the doubters much of a chance to get [...]

The Dow was up today and that’s eleven out of the last twelve days. When a market refuses to go down and consolidates at a resistance level (i.e., SP500 at 1150) the next stop is usually up through resistance. Let’s see if it’s true this time.

It’s interesting how things change in just a couple of weeks. Two weeks ago the doom and gloomers were coming out of the woodwork and now we have the exact opposite.
The indexes have been pretty much straight up since then with the Nasdaq leading the way. Good momentum coming from the leaders like [...]

We broke through 1106 on the SP500 yesterday. Since traders were keying in on a breakthrough of that level to indicate end of the correction, it so became a self-fulfilling event. We’re probably headed to 1200 over the next couple of months.
I’m not sure what leads us there, but in the [...]