Another boring week is in the books and we have the equity markets pushing to all-time highs. With strong earnings wrapping up and continuing improvements in the economy, the equity market is doing what we have expected. Following the major uptrend that has been intact for the past 10+ years. Bot...
The first week of August is in the books and the markets finished this week in style with the S&P 500, DIJA, and Nasdaq Composite all hitting new highs. The corporate earnings are reporting positive news as earnings beat estimates at a record level. When the news of the delta variant came out, man...
Last week we mentioned that BullGap's Momentum Market Timer issued a sell signal a few weeks earlier and that the equity market was looking at a minor dip (not a major correction). On Monday 7/19/2021, that came to fruition as the S&P 500 dropped almost 3% before FOMO kicked in high gear. If we lo...
Markets are currently showing a near-term overbought signal. This short-term sell "signal" was triggered last week by BullGap's Momentum Market Timer. Even with the current momentum signal issuing a sell, investors need to be mindful that this is really nothing more than the markets alleviating so...
With the S&P 500 hitting another high on Friday, it is clear that the bulls are firmly in charge. And only a few trading sessions earlier, the S&P 500 was on a 7-day consecutive high streak. That is the longest consecutive streak since dating back to the late 1990s. Not to be left out, both Nasdaq ...
For the past 2 weeks, it has been a tale of two tapes. The financial market rebounded from having one of its worst weeks of the year (since February) to delivering one of the best performances for the year (since February). The S&P 500 rallied by more than 2.8%, the Dow surged +3.3% and small-caps...
This week, investors got a jolt as the market started to correct itself with the S&P 500 wrapping the week up in the negative territory. The S&P is still up +12% YTD but this week's closing was its worst since 2/22/21. With a hairline of 20+ points, the Nasdaq lost its 4-week winning streak and th...
Markets rallied to all-time highs this week on the backdrop of long-term interest rates retreating. This despite the fact that the inflation data this week showing the highest annual increase for consumer prices in a decade. So, why the contrast in the news? It was just a couple of months ago tha...
Markets have recently been on a subdue rally where in the past 3 weeks it has yet to hit a new historical high. However, both the S&P 500 and Dow Jones (DIJA) came close to hitting all-time highs. On Friday, the S&P 500 index came in above 4232 while the Dow hit near highs at +34,777. There has b...
Stocks had a strong rally this week with small caps (Russell 2000) and tech stocks (Nasdaq Composite) leading the charge. As we discussed last week in our blog, we saw several signals turning bullish that could help push the market up. As of now, the 10-year Treasury is trading in a narrow range o...
