Market Views
Mixed Signals
The $SPX chart is still bearish, because there are lower highs and lower lows on its chart. Oversold rallies typically carry from their lows up to and slightly above the declining 20-day moving average. That’s exactly what this rally has done far...
Read More
Market Views
Be Ready for Profit-Taking
I see yields and stocks falling considerably more than this in the months ahead. Likewise, I think gold’s countdown is nearing its end, prior to re-launching in more dramatic fashion its interrupted secular bull market.
But these moves—or at least of...
Read More
Market Views
Pare the Weak
The market has been under severe selling pressure for six days since the tariff tussle got underway two weekends ago, with today’s broad declines enough to crack the intermediate-term uptrend that began back in January. Big picture, it’s still a market,...
Read More
This gene therapy company has been getting lots of good attention from analysts, with coverage of the shares being initiated at Evercore ISI Group, with an ‘Outperform’ rating.
Read More
Market Views
Bullish, but Cautious
No basic changes for our overall views of a market capable of extending; but just in a guarded way. It measures higher, as its mostly fully-valued for big-cap leaders; hence vulnerable to shakeouts.
Equity markets, the Fed’s calmer monetary policy, generally to...
Read More
Market Views
Testing Resistance
Technically, the market experienced a two-week consolidation sufficient to resolve an overbought condition. With the return of some indicators to oversold territory, the S&P 500 could once again be positioned to test resistance above the 2800 level.
Timer Digest, P.O. Box 1688, CT...
Read More
Market Views
Caution Remains
Given that we’re fighting the 200-Day Moving Average; we can set-up for a bit of a pause. But it’s news-sensitive. So, for now, China may be a topic ‘beyond the interim pullback’ discussed as likely in February (or part of it, coming...
Read More
The shares of this company—in the midst of a turnaround—were recently upgraded at Jefferies, to ‘Buy’ and initiated at Mizuho, with a ‘Buy’ rating.
Read More
Market Views
Selling not as Widespread as you may Think
Selling Climaxes again outweighed Buying Climaxes but action was very light in both the Nasdaq 100 and S&P 500 with only one Buying and one Selling Climax in the Nasdaq 100 and only 4 each the...
Read More
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...
Read More
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...
Read More
This dredging company just announced a $48 million base contract award on the Big Bend Channel of the Port of Tampa Bay, from the United States Army Corps of Engineers.
Read More
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...
Read More
Our second recommendation is a sale on a company that is not living up to its promise.
Read More
Though the shares of this marijuana-related company have retreated a bit, its new collaboration offers an opportunity to participate in this growing sector at a discounted value.
Read More
For its latest quarter, this grocer’s net sales climbed to $1.03 billion (from $984.4 million) and net income totaled $24.5 million vs. $11.5 million for the third quarter of 2017.
Read More
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...
Read More
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...
Read More
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...
Read More
This agriculture company turned in a stellar quarter, with adjusted EBITDA of $61.9 million in 1Q18, a 38.4% increase, year over year.
Read More