S&P 500 Earnings are DECLINING 230119

The Market has started the year off fairly well, as it does in most years, especially those following high levels of tax harvesting.  But can the euphoria hold?  I don’t think so, for many reasons, but primarily because corporate profits are deteriorating. The attached chart is busy, and will be the subject of many futureContinue reading “S&P 500 Earnings are DECLINING 230119”

Are we entering a Range Bound Stock Market? 221029

Yesterday I used the continuing Market rebound to sell more stocks.  Given the escalating situation in Ukraine, I think raising a majority cash position is prudent.  My holdings have been narrowed down to Small/Mid Cap Indexes, Energy, and a few dogs & cats. So am I preparing for more downside?  The September lower double dipContinue reading “Are we entering a Range Bound Stock Market? 221029”

Double Bottom test of June Low 220925

The S&P 500 is currently forming a double bottom pattern, testing the June 16th low. NOTE- in a previous post, I stated:  “…the odds of a drop all the way back down to the low is HIGHLY unlikely.”  That was based on the 50% retracement which had taken place in August. Three quick points- “HIGHLYContinue reading “Double Bottom test of June Low 220925”

September Stock Market Selloff? 220903

You’ve probably already seen the headlines: September is the worst month of the year for stocks. True, but how significant? Not much. The below chart illustrates that over the past six years, two years were down (~-3.5%) and the other four years where either flat or up.  There is a seasonal pattern that implies underperformanceContinue reading “September Stock Market Selloff? 220903”