The ADX shows a really weak trend in place, but the other two signals are still showing uptrends for now.
The Gamestop hearings provided some entertainment last week, but the move in longer-term interest rates is more important.
More commentary after the jump... Stock Market Outlook - Week of Februaruy 21 2021
Still risk on...for now. By all typical valuation measures, stocks are extremely overvalued. Not too surprising...where else are you going to park your money these days?
Watch the $VIX; it's still elevated when compared to the last few years, but nearing the low point of the since the pandemic sell-off.
More commentary after the jump... Stock Market Outlook - Week of Februaruy 14 2021
All the signals are green again, but there is still cause for concern below the surface.
Keep watch, as prices take the stairs up and the elevator down.
More commentary after the jump... Stock Market Outlook - Week of Februaruy 7 2021
Closing below the 50-day moving average is all it will take to switch the signal to a downtrend, so stay frosty.
The stock market has had a good run since November, so don't be shy about taking some money off the table (e.g. recover your initial investment). Keep your losses small no matter what. You can always buy back in if/when price action improves.
Much more commentary on Gamestop, WallStreetBets, and Retail traders after the jump...Stock Market Outlook - Week of January 31 2021
Good or bad, market prices are at historical extremes. Prices can higher, now is definitely NOT the time to be in love with your holdings (not that there is ever a good time for that).
More commentary after the jump... Stock Market Outlook - Week of January 24 2021
The 3 signals we track remain bullish, but price action hasn't been the stuff of strong rallys.
But price remains extended from the 200-day moving average (~14.5%), as it has for the past 9 weeks or so.
More commentary after the jump... Stock Market Outlook - Week of January 10 2021
