The S&P 500 is barely holding above a technical correction and it has failed multiple times at the 50 day moving average. The rotation rally looks like it has fizzled. Today was characterized by indiscriminate selling. Everything was down- Tech, Value, Precious Metals, Bitcoin…everything. I think the market is headed lower…but I’ve thought that allContinue reading “Market rally fails again…is it going lower?”
Category Archives: 2. Strategy
Markets have been selling off for four straight weeks.
Today the S&P 500 gapped down, but then recovered to close at an intraday high, showing that bargain hunters are still active. So is the selloff over? I don’t think so. I’m anticipating more down days as a second wave of COVID crests ahead of the November presidential election drama. The downturn will likely continueContinue reading “Markets have been selling off for four straight weeks.”
September swoon…how low can it go?
September is normally the most volatile month for the stock market. Today’s decline is a confirmation of that notorious reputation. This pullback should come as no surprise, the market has gotten overheated to near levels of irrational exuberance. Amateur and professional investors alike have been recklessly buying into stocks with nonsensical valuations- Tesla, Zoom andContinue reading “September swoon…how low can it go?”
Simultaneous Fear & Greed
During my many decades as an investor, I’ve seen extremes of Fear or Greed, but I don’t recall a market that was characterized simultaneously by both. That’s exactly where market conditions are now. FEAR: People are deeply mired in anxiety over health effects of COVID or side effects to the economy. GREED: People are exuberantlyContinue reading “Simultaneous Fear & Greed”
Market staggers along…downturn could occur SUDDENLY
The Market has once again shown resilience and recovered half of last week’s losses. Whether it moves up or down is anyone’s guess. I’m not being facetious when I say that forecasting conditions are in a “flip a coin” mode. While the market has been displaying extreme resilience over the past few months, the price-actionContinue reading “Market staggers along…downturn could occur SUDDENLY”