Stock Bulls are Running Out of Time

Today 04/14/21 two of the three main US stock indices, S&P 500 (SPX) and the Dow Jones Industrial Average (DJI)  made new all-time highs.  This is a bullish “Rule of the majority” signal. Additionally, the VIX indicator made a new low in its decline from its high made in March 2020.  These factors are atContinue reading “Stock Bulls are Running Out of Time”

Powerful Bearish Sentiment Signals

Investors who use margin debt pledge their securities in exchange for loans from brokers to buy more securities or sell short a stock. Usually, total margin debt increases as stock markets rise and decline in stock bear markets. The chart of margin debt compared to the S&P 500 (SPX) from Advisor Perspectives shows the relationshipContinue reading “Powerful Bearish Sentiment Signals”

Market Vane Bullish Consensus for US Stocks Update 04-04-21

The March 2, 2021 blog examined the Bullish Consensus readings for the US stock market over the entire secular bull market that began in March 2009.  This update will also examine the recent readings since late 2020. Market Vane began polling market opinions in 1964. Their Bullish Consensus  is the degree of bullish sentiment forContinue reading “Market Vane Bullish Consensus for US Stocks Update 04-04-21”

The Most Reliable Elliott Wave Pattern

If you were to take a poll of Elliott Wave practitioners of what they thought was the most reliable Elliott pattern they would probably say Ending Diagonal Triangle (EDT). Because of their configuration and location within a larger Elliott wave pattern, EDT’s present an excellent risk/reward trading opportunity.  EDTs occur primarily in the fifth waveContinue reading “The Most Reliable Elliott Wave Pattern”

Major Stock Market Top Could be in Place

Today 03/31/21 was the end of the quarter. Sometimes the end of a quarter can be a point at which a  trend changes.  If the trend has been up during the quarter, fund managers would likely want to hold profitable positions.  The best performance figures could be recorded on the final day of the quarter. Continue reading “Major Stock Market Top Could be in Place”