Markets are currently showing a near-term overbought signal. This short-term sell "signal" was triggered last week by BullGap's Momentum Market Timer. Even with the current momentum signal issuing a sell, investors need to be mindful that this is really nothing more than the markets alleviating so...
With the S&P 500 hitting another high on Friday, it is clear that the bulls are firmly in charge. And only a few trading sessions earlier, the S&P 500 was on a 7-day consecutive high streak. That is the longest consecutive streak since dating back to the late 1990s. Not to be left out, both Nasdaq ...
For the past 2 weeks, it has been a tale of two tapes. The financial market rebounded from having one of its worst weeks of the year (since February) to delivering one of the best performances for the year (since February). The S&P 500 rallied by more than 2.8%, the Dow surged +3.3% and small-caps...
This week, investors got a jolt as the market started to correct itself with the S&P 500 wrapping the week up in the negative territory. The S&P is still up +12% YTD but this week's closing was its worst since 2/22/21. With a hairline of 20+ points, the Nasdaq lost its 4-week winning streak and th...
Markets rallied to all-time highs this week on the backdrop of long-term interest rates retreating. This despite the fact that the inflation data this week showing the highest annual increase for consumer prices in a decade. So, why the contrast in the news? It was just a couple of months ago tha...
Markets have recently been on a subdue rally where in the past 3 weeks it has yet to hit a new historical high. However, both the S&P 500 and Dow Jones (DIJA) came close to hitting all-time highs. On Friday, the S&P 500 index came in above 4232 while the Dow hit near highs at +34,777. There has b...
Stocks had a strong rally this week with small caps (Russell 2000) and tech stocks (Nasdaq Composite) leading the charge. As we discussed last week in our blog, we saw several signals turning bullish that could help push the market up. As of now, the 10-year Treasury is trading in a narrow range o...
If you are an investor, it certainly has been a bumpy ride for the past couple of weeks. Markets have been quite volatile. For the first three days of this week, the bears were ready to call a market correction. Only until Thursday and Friday did the bulls come out to try to hold up the 50 DMA. ...
Since late last year, we have been blogging about the continued strength of the market and the economy. Domestically, the economic recovery is well underway with our expectation that global economies getting ready to reopen and help kickstart the economic global expansion. Global PMI data is comin...
Earnings are coming in strong for April and this upcoming week will be where we see results from big tech such as Apple (AAPL), Facebook (FB), Tesla (TSLA), and Amazon (AMZ). The S&P 500 is hovering north of 4100 and there has been a lot of discussions lately with overvaluation, market tops, and ex...
