Time to be contrarian?

posted in: Equities, Technicals | 0

“Markets can remain irrational longer than you can remain solvent” Message from several technical indicators not uniformly bearish, but leans that way Time to be contrarian?  NAAIM members’ exposure to U.S. stocks at 96, vs under 10 mid-October If U.S. … Continued

Yesterday’s lows significant for at least rest of December

posted in: Equities, Technicals | 0

U.S. stocks quickly shake off China- and Greece-induced worries Can bulls use the reversal as opportunity to mount a breakout on Russell 2000? Several technical indicators have room to move higher still before they get overbought Whoa!  Some reversal that … Continued

Bulls have baton, but grip is easing

posted in: Equities, Technicals | 0

Big tailwind for stocks has come from grossly oversold technical conditions Several indicators are lagging – failing to confirm recovery highs in major U.S. indices Some signs stocks want to rest; could be important as SPX sits right underneath major … Continued

Bulls have baton, bears hot on heels

posted in: Equities, Technicals | 0

Bulls desperately need to retake 200-dma on S&P 500 Potential unwinding of oversold technical conditions can act as tailwind Failure to build on Wednesday’s hammer reversal pattern will mean rockier times down the line Last week, we discussed the significance … Continued