November 17, 2019

New highs in the major market indexes remain the order of the day. The NASDAQ Composite, S&P 500 and Dow Jones Industrials all sit at all-time highs. But in a market where the #1 ranked group is Mobile Homes and RVs, consisting of stocks like dynamic, cutting edge Winnebago (WGO), finding those dynamic “super stocks” capable... Read More

November 13, 2019

The Big Three major market indexes have continued to grind higher as they lean against muted hopes of a Phase One U.S.-China trade deal. The NASDAQ Composite Index looks like both the S&P and the Dow as it huffs and puffs its way higher over the past several trading days, but did not post a new closing high as the other two of its Big Three... Read More

November 10, 2019

Dueling U.S.-China trade news has been the order of the day, although the merit of various reports as actual news remains suspect. Reports of “agreements in principle,” comments from either side about what might or might not be included in a so-called Phase One trade deal and the like have moved the markets. The bottom line is that no trade deal has been inked. All the hopeful musings... Read More

November 6, 2019

Each of the Big Three market indexes, the NASDAQ Composite Index, the S&P 500 Index, and now the Dow have all now stepped into all-time high price territory. As the indexes move into new high ground, however, there has been noticeable churning with successively higher volume, as can be seen on the daily chart of the NASDAQ Composite below. Today... Read More

November 3, 2019

A news-laden week came to an end with the NASDAQ Composite Index joining the S&P 500 in all-time high price ground. Among what I call the Big Three market indexes, only the Dow has yet to make new highs of its own.   ... Read More

October 30, 2019

The S&P 500 Index set all-time highs on Monday and held those highs on Tuesday ahead of today’s Fed announcement. Today the S&P posted an all-time closing high on higher volume.   ... Read More

October 27, 2019

Earnings season has been quite the ride as stocks respond to positive and negative reports, but it was news that the U.S. and China were closed to finalizing “parts” of a possible Phase 1 trade deal that sent the S&P 500 Index to all-time highs on Friday on an intraday basis. By the close, however, the S&P fell just short of all-time highs as buying interest remained... Read More

October 23, 2019

Distribution Friday was followed by Melt-Up Monday after the market latched onto hopeful comments from President Trump’s Chief Economic Adviser Larry Kudlow in a pre-open interview Monday morning. References to something about nice “mood music” during the current U.S.-China trade talks and the “possible” signing of a Phase 1 deal by the end of November were all it took to light a fire,... Read More

October 20, 2019

The major market indexes ran into some selling on Friday, giving them all the look of double-top formations. Distribution was seen across the board, as all closed well into the red on Friday on higher volume. The NASDAQ Composite Index broke off a double-top type of formation on higher volume but was able to find support near its 20-dema. The underlying action of the market,... Read More

October 16, 2019

The Big Three major market indexes, the S&P 500, Dow and NASDAQ Composite Indexes, sit within a stone’s throw of all-time highs. However, under the surface, the individual stock action is mixed, at best. Meanwhile, the NASDAQ posted a small distribution day on slightly higher volume while the S&P and Dow pulled back 0.2% and 0.08%, respectively.   ... Read More