It looks like the summer rally lasted for about four weeks.
The month of July has been just as volatile as this whole year has.
The beginning of the month started out strong with the S&P 500 rising about 3.5% in the first two weeks. Then it peaked around July 16th and started a decline of 4%, ending up almost where it started.
It seems every day. . .
Read MoreLet’s take a look at the chart above that I look at every day the stock market is open. This is a chart of the S&P 500 with several data points.
Specifically, it shows the following:
Read MoreThe markets started to turn around in the last week of April and then continued their momentum until the last week of May. As you can see by the numbers above, the stock and bond proxies we follow were up substantially in the past four weeks. This shows that money was coming off . . . .
Read MoreApril was a tough month for the stock and bond markets.
However, last week, we saw one of the best weeks in a long time, as the S&P had 4 winning days and only one down day.
The S&P was up 2.65% the week of April 22nd through April 26th.
It appears that there is a struggle going on between the “bulls” and the “bears”.
Time will tell to let us know if we can . . .
Read MoreThis is “non-normal” communication being delivered mid-month due to the changes occurring in the (Semi) Tactical Plan Confidence models.
The S&P 500 has gone from a positive return of 3.50% as of April 1st to now down almost 2 percent.
This downward sell off has occurred over the past couple of weeks.
Our technical indicators for the month of April are . . .
Read MoreI do not expect many “surprises” during the earnings season. Which means, April (in my professional opinion) should continue the forward momentum of the markets.
However, with the markets setting new all-time highs, any negative . . .
Read MoreFebruary is the identical twin of January. I wrote everything in italics below last month and it is exactly the same for this month. Every word is the same for February as it was in January.
The stock markets are off to a positive start for the year. It’s a “cautious” start to what is expected to be a roller coaster of a year. There is a lot of “headline risk” expected this year with the U.S. funding two wars, a Congress that cannot . . .
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