Trump Dangles Carrot In Front Of Yellen – Financials Likely Casualty

Last Wednesday, speaking to the Wall Street Journal President Trump said that the dollar was getting too strong and that it would eventually hurt the U.S. economy.  In the past, he, as well as Treasury Secretary Steven Mnuchin, have made … Continued

Stocks Caught Between Seasonal Tailwind And Multiples Headwind

posted in: Economy, Equities, Technicals | 0

This could very well be setting up like a tug of war between favorable seasonals and elevated multiples, with possible retest of make-or-break 2120 on the S&P 500 large cap index. Going back to 2009 when the bull market erupted, … Continued

Stocks’ Path Of Least Resistance Up Near Term, Not So Medium Term

As of last Friday, only 32.6 percent of S&P 500 stocks were above 50-day moving average, earlier having dropped to 29.8 percent on Wednesday.  This compares to 22 percent on June 27 (orange arrow in Chart 1) when the S&P … Continued

US Equity Indices Flash Signs Of Fatigue Left And Right

That the green line in Chart 1 is increasingly taking the form of a coiled spring is non-debatable.  That the longer it stays compressed in oversold territory, the higher the odds of a spike higher is non-debatable.  What is debatable … Continued

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