Market Views
Fear Index Up
The Dow sunk over 600 points yesterday, and the tech-rich Nasdaq also gave up triple digits, as Apple (AAPL) stock plummeted after another iPhone supplier warning. In addition, fellow blue chip Goldman Sachs (GS) suffered steep losses, pacing a broader decline...
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Market Views
Time to Trim Riskier Options
Most major market indexes were back on the move higher on Monday, led by real estate, consumer staples and utilities. Shares of technology companies were not participating, however. Nor were energy producers. And healthcare companies’ shares were largely combination...
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Impacts from interest rate hikes are felt throughout the fixed-income markets. Interest rates on new debt rises, but prices of existing bonds tend to decline.
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Market Views
Selling Elevated this Week
Among the Buying Climaxes (74), the Retailing sector featured heavily and among the Selling Climaxes (203) were Autos, Buildings and Precious Metals featured.
Buying climaxes take place when a stock makes a 12-month high, but closes the week with a They...
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Market Views
All Clear
The Russell 1000 version of the advance-decline line made a new high this week, see chart below. In the absence of other evidence, we take each new high in the advance-decline line as a sort of ‘all clear’ signal. We remain on...
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Mid-Year Top Picks
Congrats to the Top Picks 2018, Mid-Year
The Dow Jones Industrial Average has gained about 1.4% for the year, which as you can see from our Top Picks table above, doesn’t come close to the gains of the big winners that our selected...
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Market Views
Looking for Higher Prices
The most positive thing one can say about the $SPX chart is that the major downtrend lines have been broken, and the gap at 2750 has been filled. Beyond that, the bulls have had to be satisfied with small but...
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Market Views
Market Breadth Positive
Breadth was negative with -381 net advances on the NYSE and -244 net declines on the Nasdaq. Preliminary new highs on the NYSE were 119 and 32 new lows. The Nasdaq had 150 new highs and 31 new lows. It’s good...
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Market Views
Optimistic but Cautious
Last week was a constructive one for the market, with the major indexes tacking on gains and many potential leading stocks shaping up. Moreover, this builds on some other positive pieces of evidence, such as the positive divergences seen in broad...
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Market Views
Bullish, but Choppy
The relative strength of small stocks is trying to turn higher, while growth stocks continue to lead value by a solid margin. With the Value Line Geometric Index at 564.37, the Value Line Plan remains in the market with a sell...
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Market Views
Caution; Watch for Resistance
Indices have recovered; the S&P 500 encounters potential resistance at 2750.
The IT sector tests recent highs, Consumer Discretionary encounters top of medium-term relative range.
Our outlook remains cautious as indices rally into previous highs.
John Gray, Investors Intelligence, www.investorsintelligence.com, 914-632-0422, February 2018
The...
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Congrats to the Top Picks of 2017
Investors found a lot of extra gains in their 2017 stockings—all year long. Including dividends, the broad market gains were Dow Jones Industrial Average: 30.20%, S&P 500: 23.34% and the Nasdaq: 30.04%.
While those returns were stellar, our surpassed...
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Market Views
We’re in the Sweet Spot
We’re currently in the “sweet spot” of the intermediate-term rally which began last November. This is the point where upside momentum has become so established that stock prices can be pushed higher with only minimal effort on the of...
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Market Views
Risk is Increasing
Taking a look at the internal condition of the U.S. stock market, we see a marked difference from a month ago. Then strength was near monotonic, with all the ducks neatly arrayed in a row. Today we see a large of...
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Market Views
Cautious and Taking Profits
The Dow closed at another historic high last week—up about 100 points for the week. We think things are getting a little pricey, and so we would be taking profits on those stocks that are extended and at risk declining...
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Market Views
No Change in the Bull
The S&P 500 (SPY) made a new all-time high last Friday. The SPY made a high today of 250.12 intraday, very close to the upside channel objective at 251.50, but was unable to get through. A break above would...
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The majority of this fund’s holdings (68.33%) are AAA-rated and above. The fund has a current dividend yield of 2.99%, paid monthly.
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Market Views
Long-Term Remains Positive
In the immediate-term (1-3 week), the stock market remains unsettled as evidenced by the preponderance of NYSE stocks making new 52-week lows. On Aug. 12, for instance, there were 158 stocks on the new 52-week lows list while only 17 new...
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Top Picks Mid-Year Update
Our 2017 Top Picks issue arrived following one of the most contentious U.S. presidential elections came to a close. Last January, investors spirits were buoyed by the optimism that was pushing the market higher. The promise of considerable corporate—and personal—tax billions...
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Market Views
Still Room to Rise
As you can see, the leading indicator for the Dow Industrials still has room to rise further before it reaches the “major high area.” This means there’s more upside to come, and this will probably coincide with more “buyer’s And...
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