Still Neutral
August 17, 2022 Good morning, It is rare, using the Technical/Quantitative Methodology (TQM) of market analysis, that every indicator across all four fields of analysis – macroeconomic, fundamental, technical and behavioral (sentiment) – align perfectly. Hence, the weight-of-the-evidence approach. Conflicting information is a feature of TQM, not a bug or shortfall. However, rarely has the […]
Health Check
August 15, 2022 Good morning, After four straight weeks of rally for the equity market, much of its oversold condition has been worked off. In fact, short-term, daily indicators of sentiment (trading tools really) have now moved into overbought territory for the first time all year. I think at a minimum, we can expect some […]
Neither?
August 12, 2022 Good morning, Recall the stock market’s ability to handle last week’s blowout employment numbers without breaking stride. This week, it took Wednesday’s better than expected inflation news and ran right through its overhead resistance level just below 4200 on the S&P 500 Index. Now what? Our now month-old equity rally continues to […]