Do the bulls have anything left in the tank for their charge?

Mid-week market update: It's always difficult to make tactical trading calls on FOMC meeting day. The S&P 500 approached the latest meeting with the 5-day RSI near overbought territory. The experience in 2022 of overbought or near overbought conditions on meeting days (March and July, n=2) has seen stock prices continue to advance. Can it...

How to trade the Fed Whisperer rally

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 Trend...

What is the market anticipating ahead of the FOMC meeting?

Ahead, of the upcoming FOMC, meeting, what is the market discounting? I conduct a factor and sector review for some answers. Starting with a multi-cap review of value and growth, value stocks have been outperforming growth stocks within large caps since early August, but this has not been confirmed by mid and small caps. The...

How far can this rally run?

Mid-week market update: How far and long can this rally run? Here is one way of determining upside potential. The S&P 500 staged an upside breakout through an inverse head and shoulders pattern, with a measured objective of about 4120, which is the approximate level of the 200 dma.     The inverse head and...

Five constructive signs of a short-term bottom

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 Trend...