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Showing posts from February, 2017

February 25, 2017 – Weekend Market Comment

February  25, 2017 – 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 bookmarkinghttp://cme4pif.blogspot.ca/. For full details read my disclaimer (link at the bottom of this page).

A number of short-term caution signals are showing up for stocks which might be hinting that the current rally is due for a pullback. Some of those caution signals are coming from relationships between the three Dow Averages. The Dow Jones Transportation Average unable to hold its recent move to new high ground. That raises the possibility of a short-term rally failure. 




Here is what our charts say:


CLICK HERE: To see the 100 and 200 series charts


101 Bull Bear Bull market (dark green over red)  the dark green 50 day average is in a firm uptrend.  NOTICE THE SLOPE (second window), we might be starting another long ride up.Bull market -- expect bullish o…

February 18, 2017 – Weekend Market Comment

February  18, 2017 – 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 bookmarkinghttp://cme4pif.blogspot.ca/. For full details read my disclaimer (link at the bottom of this page).


U.S. equities closed mixed on Friday, but managed another record close, while investors kept an eye on France's presidential election. Investors right now continue to shrug off almost all bearish news and continue buying stocks
Here is what our charts say:


CLICK HERE: To see the 100 and 200 series charts


101 Bull Bear Bull market (dark green over red)  the dark green 50 day average is in a firm uptrend.  NOTICE THE SLOPE (second window), we might be starting another long ride up.Bull market -- expect bullish outcomes. ! 103 NYSE High Low Market Forces Wow breadth is still very strong. Nothing but strength. 
105 Non Farm Payroll Lots of jobs! But beware t…

February 11, 2017 – Weekend Market Comment

February  11, 2017 – 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 bookmarkinghttp://cme4pif.blogspot.ca/. For full details read my disclaimer (link at the bottom of this page).

Economically-sensitive industrial metals are rising again, along with stocks tied to them. The price of copper is up 3.5% Friday to the highest level in nearly two years. So are copper shares. The Global X Copper Miners ETF (COPX) resuming its uptrend. The COPX is now trading at the highest level since the second half of 2014. The price of iron ore (which is used in the making of steel) is also surging in China to the highest level in two years. So are stocks tied to both commodities. Of course this is causing a rally in Canadain stocks. 

Here is what our charts say:


CLICK HERE: To see the 100 and 200 series charts


101 Bull Bear Bull market (dark green …

February 04, 2017 – Weekend Market Comment

February  04, 2017 – 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 started off as a soft week for stocks ended on a strong note. Friday's gain was enough to keep stock indexes basically flat for the entire week. But there was some improvement on the charts. Also encouraging was the fact that financials led Friday's rally. So did small caps and transports.
Here is what our charts say:


CLICK HERE: To see the 100 and 200 series charts


101 Bull Bear Bull market (dark green over red)  the dark green 50 day average is in a firm uptrend.  NOTICE THE SLOPE (second window), we might be starting another long ride up.Bull market -- expect bullish outcomes. ! 103 NYSE High Low Market Forces Wow breadth is still very str…