Tag Archives for " IBB "

0 Contrarian Perspective

When it comes to the markets, I believe you need to be thinking with a little bit of a contrarian perspective.  When  a lot of people are doing the same thing or talking about the same thing then “red flags” should go up in your mind.  One of the classic signals of the last 50 years was when BusinessWeek had their “The Death of Equities” cover of their magazine on August 13,1979.

When the psychology gets to the point where the magazines are putting it on the cover, then many times it means we are probably at or near an extreme.  On August 13, 1979, the Dow Jones Industrial Average (DJIA) was 875, 10 years later it was around 2700 and around the beginning of the year 2000 it had closed at 11,722.  One of the greatest bull markets of all time. Continue reading

0 Extreme Conditions

January 2008 – January 2016

The video attached below is a very condensed version of what I provide to my Insider Members in their Weekend Market Analysis. 

The retracement in the stock market continues and we are now rapidly approaching my targets for this 4th wave.

Continues to Plummet

In the Baltic Dry Index chart above you can see that it continues to plummet to new all-time lows.  I last talked about this on January 6 in the post “What is the Baltic Dry Index Saying Now?” The situation is now much worse. Continue reading

0 China is Back

At least for one day, China is back influencing the global markets. China released data last night that showed that imports dropped substantially due to weak domestic demand. This again is stoking fears about what’s really happening in China’s economy.

The DJIA was only down 50 points today but the other indices put in more reversal type price action with the SPX down almost 14 points and the Nasdaq down 42 points, closing almost on its low for the day. Biotech got hit hard again today with IBB down 3%.

In tonight’s Weekday Market Wrap video I look at all the market action including Valero (VLO), Tesoro (TSO) and Netflix (NFLX).  Continue reading

0 Extremely Compressed

The stock market finished off its big rally week with an extremely compressed trading range on Friday. All the indices were showing this compression. In today’s Weekend Market Analysis video I talk about what this type of action might mean and when was the last time we were this extremely compressed.  You might be surprised. Continue reading

0 Pause in the Action

Well the bulls ran out steam, at least for today, as all the indices were down slightly except for the DJIA which was up 13 points. Oil was up nearly 5% today in what could be another leg up. Gold continued higher and the biotech sector got smashed again.

So even though there was a pause in the indices, there was plenty of action.  In tonight’s Weekday Market Wrap video I look at what the price action, combined with our indicators, is telling us now. Continue reading