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Showing posts from May, 2016

May 28, 2016 – Weekend Market Comment

May 28, 2016 – Welcome to my weekend market comment, an analysis tool I use in my own portfolio decisions, published free to the web every weekend before the New York opening bell. You can read the latest version each week by bookmarking http://cme4pif.blogspot.ca/. For full details read my disclaimer (link at the bottom of this page).

So did I nail that, or what? As predicted last week we had a strong dead cat bounce on oversold conditions. Monday and Tuesday were up strong, fading as the week progressed. The DOW and S&P500 posted the best week since March. All week it was financials leading all S&P 500 sectors higher. UnitedHealth and Goldman Sachs had the greatest positive impact on the Dow Jones industrial average as most constituents gained.



CLICK HERE: To See the 100 and 200 series charts

! 101 Bull Bear Bull market (Dark Green over red). Nothing but strength. Notice the turn around pattern in the second window showing gaining momentum in the 50 day slope. Bull Market = B…

May 21, 2016 - Weekend Market Comment

May 21, 2016 – Welcome to my weekend market comment, an analysis tool I use in my own portfolio decisions, published free to the web every weekend before the New York opening bell. You can read the latest version each week by bookmarking http://cme4pif.blogspot.ca/. For full details read my disclaimer (link at the bottom of this page).


The market appears mid way in an in progress sell off as the charts form a classic head-and-shoulders pattern.


Despite an early morning rally on Friday, the overall tone of the market is glum. With the S&P breaking key technical levels, only Dow Transports remains in the green (up less than 1%) for the year now as Fed speakers pile on the hawkish tone.



CLICK HERE: To See the 100 and 200 series charts

! 101 Bull Bear Bull market (Dark Green over red). That said the short term light green line is heading down. Notice the topping pattern in the second window showing loss of momentum in the 50 day slope. Bull Market = Bullish outcomes. ! 103 NYSE High…

May 14, 2016 – Weekend Market Comment

May 14, 2016 – Welcome to my weekend market comment, an analysis tool I use in my own portfolio decisions, published free to the web every weekend before the New York opening bell. You can read the latest version each week by bookmarking http://cme4pif.blogspot.ca/.  For full details read my disclaimer (link at the bottom of this page).

As I mentioned last week we continue to loose momentum as we move in to May. It fits with my belief that we are entering a soft spot in the market and entering a correction. There was a quick exodus of money late on Friday. The Dow Jones industrial average and S&P 500 closing below their 50-day moving averages and posting their first three-week losing streak since January.

CLICK HERE: To See the 100 and 200 series charts

! 101 Bull Bear Bull market (Dark Green over red). That said the short term light green line is heading down. Notice the topping pattern in the second window showing loss of momentum in the 50 day slope. Bull Market = Bullish …