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Showing posts from October, 2016

October 29, 2016 – Weekend Market Comment

October 29, 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).

What is the problem? Well the markets are generally not happy right now and when you see the charts you will see why.The Equal-Weight S&P 500 ETF (RSP) is down around 1% since mid July and has gone nowhere the last three months. Many key sectors are also looking very weak.

Lets see what is in the chart this week:


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 down sharply. Also note the dark green 50 day average has begun to fall off. NOTICE THE SLOPE (second window), this could be part of a long term down trend.Bull market -- expect bullish outcomes.

October 22, 2016 – Weekend Market Comment

October 22, 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).

Recently, the market has been led predominantly by tech names. Microsoft has been range bound for the last two months, which looks like institutional accumulation by trading in a tight range with no breakout or breakdown.  Microsoft’s share price hit a high on Thursday — up 6 percent to more than $60 a share in after-hours trading — after the company released the financial results of its most recent quarter. The last time Microsoft’s stock was this valuable was not as far back as this picture Microsoft's two baby faced founders, from the the late 70s, but it was back in 1999, when Bill Clinton was still president, Mark Zuckerberg was a high sch…

October 15, 2016 – Weekend Market Comment

October 15, 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 was a negative week for stocks with the major indexes losing between one and two percent. Large-caps and mid-caps held up relatively well as the S&P 500 lost just .96%, the S&P MidCap 400 lost .92% and the Nasdaq 100 lost 1.15%. Small-caps fared worse as the Russell 2000 declined 1.95%. Seven of the nine sectors were down with healthcare stocks leading the way.

Stocks are in a short-term downside correction and well below a falling 50-day average. It also leaves open the possibility that the September low could still be retested. Rising bond yields continue to weigh on stocks. Lets see what is in the charts this week.



CLICK HERE: To see…