Mid-week market update: Did the Economist do it again with another contrarian magazine cover indicator? At the top of the market, their issue cover was entitled "Big tech's $2trn bull run". Last weekend, their cover featured a "closed" sign on the earth. The market staged an upside breakout through a falling trend line yesterday, and...
There is little doubt that we are in a recession induced bear market. Goldman Sachs published their GDP forecast late last week of a V-shaped slowdown and recovery. For some context, New Deal democrat raised an important point about a framework for thinking about the recession by flipping the well-known "flatten the curve" chart upside down:...
Preface: Explaining our market timing models We maintain several market timing models, each with differing time horizons. The "Ultimate Market Timing Model" is a long-term market timing model based on the research outlined in our post, Building the ultimate market timing model. This model tends to generate only a handful of signals each decade. The...
There is little question that the stock market is wildly oversold. My intermediate term bottom spotting model has been flashing a buy signal for over a week. This signal is based on the combination of an oversold signal on the Zweig Breadth Thrust Indicators, and the NYSE McClellan Summation Index (NYSI) turning negative. In the...
Mid-week market update: This bear market has astonishing in its ferocity, but we may be reaching the it's so bad things are good point. Here are some "green shoots" that are starting to show up. Baron Rothchild was famously quoted as saying, "The time to buy is when blood is running in the streets, even...
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