The bulls are winning, but they shouldn’t relax

Mid-week market update: On the weekend, I wrote that the stock market was experiencing a bullish breadth thrust and the market is likely to see a series of "good"overbought readings where stock prices either continue to grind up or consolidate sideways as they get overbought (see RIP Correction. Reflationary resurrection next?). So far, so good....

Where I am finding value in today’s market

I was playing around with Relative Rotation Graphs (RRG) on the weekend with a focus on changes in sector leadership (see my previous post RIP Recession. Reflationary resurrection next?). RRG charts measure how a stock or sector is performing relative to a benchmark on a short and long term basis as a way of better understanding...

RIP Correction. Reflationary resurrection next?

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 research outlined in our post Building the ultimate market timing model. This model tends to generate only a handful of signals each decade. The Trend Model...

A “good” overbought market?

Mid-week trading update: Last weekend, I pointed to the analysis by Simon Maierhofer, writing in Marketwatch, who highlighted a bullish "kickoff" signal in which the SPX rose for 1.5% or more for three consecutive days (see The market 2-step: 1 forward, 1 back). Such "kickoff" signals have seen higher stock prices 12 months later. So far, the market...