(?ETF?) is a new breakout. We mentioned a possible upgrade last month. Now is the time, and note most analysts are not talking about this. There is real potential here!
We sold all trading positions into the end of January. We recommended buying them back as SPY hit 380 and have sold them again as SPY moved into the 420 area. Now, we expect a move down to the 380-area once again.
Stocks rallied in January, especially junk tech. It looks as if we are seeing the beginning of our trading range scenario, and indicators are weakening.
We still believe that the current rotation away from old leadership into value-oriented names is a real theme for the next few months and possibly years.
Stocks have formed a low, and we expect a yearend rally. It looks as if we are set up for our yearend rally scenario, although we are seeing more weakness than expected. However, internals are weakening.
Stocks have formed a low, and we expect a yearend rally. It looks as if we are set up for our yearend rally scenario. Internals are still weak and a concern, but the price pattern has improved.
Stocks look to have put in the first part of a low at the end of the second quarter, as we expected. Now, it looks as if we are retesting, and should chop around and base in this area.
We still believe that the current rotation away from higher P/E names into Value oriented names is a real theme for the next few months and possibly years.
The current market weakness is expected and may not be over. We believe that the current rotation away from higher PE names into Value oriented names is a real theme for the next few months and possibly years
Internals continue to suggest a defensive stance as we move into the end of the quarter. We will look at our quarterly indicators then, to determine if a more aggressive stance is warranted.
This current market weakness is as we have expected. We made a defensive shift in allocations at the end of 2021. Internals continue to suggest a defensive stance as we move into March.
The yearend rally progressed on schedule but may be ending. We will make a defensive shift in allocations. Short-term indicators are weakening, and longer-term indicators are overbought, suggesting a defensive stance as we move into 2022.