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Bulls and Bears Call it a Draw

June 18th, 2018

YouTube Channel – Watch and Subscribe! The S&P 500 was basically flat for the week. After it was all said and done, the S&P 500 finished up a small .02%. The bulls had a great opportunity to break to the upside past the resistance from March, but they could not. The good for the bulls is that the bears also tried to reverse the price action to the downside, and they could not. This type of price action is neutral. The bulls still have control according the Bear ‘o’ Meter. This is essentially a tallied score of various trends, momentum, and economic indicators. These measurements change weekly and monthly, however there is more weight to the monthly indicators over the shorter-term weekly decision points. The shorter-term indicators simply give us a heads up that the longer-term ones could be in the midst of changing since the shorter-term measurements always turn prior…

Bulls Win the Week – Travel into Higher Resistance

June 10th, 2018

YouTube Channel – Watch and Subscribe! The bulls continued advancing the S&P 500 higher this past week. By the close on Friday, the S&P 500 was up 1.62% for the week. The S&P 500 broke the upside of the tight trading range from the past three weeks and has advanced into the next area of resistance. The bulls have some work to do this week, but it is good for them that we are pretty close to March’s highs. If they can break through the 2800 level with authority, the bulls have a good chance for taking the S&P 500 to all-time highs again. The bear ‘o’ meter got a little stronger this past week in favor of the bulls. Overall, the equities markets are holding in their respective trading ranges or making new highs. We are focusing on US Small Caps and US Growth for our momentum positions as both…

Bears Fail – Now Bulls Turn

June 2nd, 2018

YouTube Channel – Watch and Subscribe! For a short week, it was a lot of action in the S&P 500. The index opened the week below short-term support. However, after the break of support, there was no follow through. So, what we have is a failed bear breakout. The difference between this week and the prior is that the S&P 500 finished this past week at the top of the trading range and last week it finished in the middle. This gives hope to the bulls as much isn’t needed for them to break to the upside. On the shorter term, the advantage seems to be to the bulls, but they are certainly not leading with authority. When it comes to the longer-term look of the US equity markets, momentum finished May in the positive as well as many other factors. This gives the Bear ‘o’ Meter a positive reading and…

S&P 500 Stalls Again

May 27th, 2018

YouTube Channel – Watch and Subscribe! The S&P 500 finished the week up .31%. It was basically a neutral week. Neither the bulls or the bears could break out of the range created the week before. The S&P 500 continues to trade in a series of trading ranges. The longer the trading range persists, the more evenly distributed the probability of a break to either side. Right now, the bulls still have the slight advantage on a weekly scale as the prior trend was to the upside. Bear ‘o’ Meter All of the data points we look at to get the bear ‘o’ meter didn’t budge. So the reading stays the same. This means we are still in a risk on stance with regards to the longer-term. US markets are outperforming most International markets. Much of this isn’t so much due to rising US markets, but declining International markets as US…

Bulls Try, But Can’t Hold on for Week

May 20th, 2018

YouTube Channel – Watch and Subscribe! Can a bull get a break?? The bulls had a great opportunity to show some force after breaking from a tight trading range in the S&P 500 the prior week, but they simply could not hold on. The weekly negative .54% return for the S&P 500 added a bear bar for the week and gives pause to the bulls. The good news for the bulls is that the US Small Cap index made its way to a new high last week giving some hope the larger capitalization stocks will follow. Bear ‘o’ Meter The bear ‘o’ meter slid slightly from last week but still reads positive. Market breadth has dragged down the reading slightly. Breadth over the last week has become overbought on both the long and short-term oscillators relative to its current readings. Until we get into the negative readings, we are still looking…