02-23-20 Sunday night gap down & move to 3280’s SP 500 Index confirms the overdue correction & our inflection point top due last week. 3303 SP was to offer some support with intraday support near 3275. Confidence now increases that we have begun the one to two month corrective phase…
As the Political season heats up, the battle for voters inspires a steady stream of hyperbole on both sides. President Trump claims this is the best economy ever, while the Left asserts solemnly that most people are struggling. Those in power want you to believe you feel better than ever…
After 3 years of stellar consumer confidence and soaring stock prices, investors reached a crescendo of exuberance and record setting optimism that warned of a market priced for perfection. Suddenly on our forecasted topping date of January 24th, the stock market caught Corona fever. Normally an excessively positive running of…
The economy is finishing its eleventh year of continuous expansion with virtually full employment, no overheating and excellent levels of consumer spending and optimism. Stocks often move months in advance of earnings and GDP trends and currently appears priced for perfection and better growth ahead. The benchmark SP 500 Index…
Meltups and running stock markets refer to euphoric periods when equity prices rise rapidly and continuously without corrections. It’s a time when stocks can rise on negative news and technical indicators can remain overbought for an extended duration with less volatility. Classic longer term examples of this during our record decade plus…
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