Skip to main content

Posts

Showing posts from August, 2016

August 27, 2016 – Weekend Market Comment

August 27, 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).

Ho hum it is summer and the market on almost no volume is going nowhere. Look at this closeup of the recent market action:

So as you can see we are going no place. Friday's action was a little extream. 

By the way, I am in Europe visting friends and doing some investment banking work in London, so this and the next 4 market comments are likly to be short and late. Also I am learning to edit this work on a tablet and there will be some formating issues for sure. 



CLICK HERE: To see the 100 and 200 series charts




101 Bull Bear Bull market (dark green over red) and now the short term (light green) is up sharply, but pulling back in last few days. Bull mark…

August 20, 2016 – Weekend Market Comment

August 20, 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). It is the 200th Market Comment, can you believe I have posted the same 18 charts now for almost about 4 years and you have been reading them?



CLICK HERE: To see the 100 and 200 series charts



101 Bull Bear Bull market (dark green over red) and now the short term (light green) is up sharply. Bull market -- expect bullish outcomes. ! 103 NYSE High Low Market Forces Nothing but positive. In the right side highlight we see green is above is below yellow. Really positive.
105 Non Farm Payroll Lots of jobs! But beware this is lagging indicator. The smart money is gone before this turns down.
107 Industrial Production Bullish
115 Renko Nothing but strength. ! 203 OBV OBV…

August 13, 2016 – Weekend Market Comment

August 13, 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).
Well the summer rally continues with a much needed small pull back Friday. 



CLICK HERE: To see the 100 and 200 series charts


101 Bull Bear Bull market (dark green over red) and now the short term (light green) is up sharply. Bull market -- expect bullish outcomes. ! 103 NYSE High Low Market Forces Nothing but positive. In the right side highlight we see green is above is below yellow. Really positive.
105 Non Farm Payroll Lots of jobs! But beware this is lagging indicator. The smart money is gone before this turns down.
107 Industrial Production Bullish
115 Renko Nothing but strength. ! 203 OBV OBV is still with market. Bullish. ! 207 VIX VIX should bounce about this r…

August 06, 2016 – Weekend Market Comment

August 06, 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).

Well the Market did really well this week. Financial stocks did well, breaking through its spring high to reach the highest level this year.  Of all the sectors in the market, financials are the most sensitive to the direction of interest rates. Their upside breakout appears to reinforce the view that bond yields have bottomed, and that bond prices have peaked. The three financial groups that benefit the most from from rising yields are banks, brokers, and life insurers. Not surprisingly, those three groups are leading the XLF ETF higher.



CLICK HERE: To see the 100 and 200 series charts


101 Bull Bear Bull market (dark green over red) and now the sh…