Exec – Spec We have been clouded on our short term outlook with an upward bias near term and corrective bias medium term. The chart patterns in 2015 have reflected this muddled upward bias with breakouts to new record high prices in February – which failed. New records again were…
Exec – Spec Yesterday we pointed out the lack of follow through in market indices with an indicator note stating: “ADRO chart we often show that requires an immediate rise in prices to avoid short term sell signals”. Again the immediate rally Monday to a new high failed and at…
Exec – Spec If major US stock index prices have failed to break to new highs before any Grexit occurs, then our prices are vulnerable to a short term downdraft before another run to new highs.We favored a Greek exit from the European Union by Summer when we last reviewed…
5 Year Bull Market Itch Strikes Again The current 5 year peak in stocks may not lead to a massive top and Bear market as did the previous 3, it has currently given way to the largest correction in over 2 years—so far. A separate medium term warning of trouble…
Stocks are not cheap, but the Bull lives on credit Stock market values are based upon the discounted perception of future rates of earnings and growth primarily. Many fundamental methods are used along with technical analysis to determine periods of over or under value. One tool is adviser sentiment: when…
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