Corrections

Still expect to see market correction develop in coming weeks. Based on past market dynamics, a correction in excess of 5% is overdue, considering it has been almost 12 months of uninterrupted market upside.

• Read more

No! We are not bearish on the market, but think a relatively minor correction (6%-8%?) could develop before year end. Market has moved up quickly, especially in October. So a pull-back is certainly plausible.

• Read more

Back on sidelines again, Major Trend Index negative. Stage being set for a huge small cap market.

• Read more

The equity crowd is now having some second thoughts: What is good for bonds may not be good for stocks.

• Read more

The second quarter of 1991 is history. While the market averages ended the second quarter about where they began, our Major Trend Index has lost quite a bit of ground in the last three months.

• Read more

Wall Street pulled down the caution flags a few months ago. Correction became the consensus. But it wasn’t to be. All those newly converted late arriving bulls who were planning to add stocks on a 7%-10% correction never got their chance to put the cash to work.

• Read more

The bull market is still healthy according to our Major Trend Index. The current weakness amounts to nothing more than an intermediate correction, the correction our Early Warning work anticipated when it provided a sell signal back on June 6th and reaffirmed on June 27th.

• Read more

Having been a super bull on the bond market since 1981, this publication has turned more cautious. A number of readers have asked for details and elaboration. Today we still view the bond market trend as up, but think a sharp decline might occur sometime in 1987, with T-bond yields rising by as much as 300 basis points.

• Read more

The Major Trend Index now reads “Neutral.” This 25-year-old composite index says the evidence is now evenly divided between bull and bear. Thus, at this point our best advice is to stand pat in terms of equity exposure.

• Read more

Our Major Trend Index says it’s still a cyclical bull market. The market is now in final washout phase of the long complex correction dating back to late June 1983. Expect to see lows momentarily, followed by powerful upswing carrying to new market highs by summer.

• Read more

Short-term, the DJIA is charging but a lot of market troops are hanging back. We are not so sure the correction is over. However, the cyclical bull market, exploding over a year ago, is starting to look healthier.

• Read more

The current cyclical bull market exploding in the summer of 1982 is no longer so healthy. The Major Trend Index is still positive but deteriorating. The expected intermediate correction is upon us and could be greater than most now think. The duration could be as long as 2 months.

• Read more

The stock market is maybe half or two thirds of the way through a secular bull move beginning in 1974. The cyclical bull market exploding in the summer of 1982 is still healthy according to our Major Trend Index, but for the first time in nine years is no longer “undervalued.” Shorter-term, an intermediate term correction is expected almost any time.

• Read more

The stock market is about half way through a secular bull move beginning in 1974. The cyclical bull market exploding in the summer of 1982 is still healthy according to our Major Trend Index. However, the intermediate term correction looks like it’s finally here.

• Read more

It would appear the bond market correction has further to go. In a few months we will probably recognize this as the first interest rate “hiccup” of the economic recovery.

• Read more

While it certainly does not appear the big bull market in bonds is over, it would not be surprising to see an additional five to eight-point correction from current levels.

• Read more

All systems again “go” for stock market. Major Trend Index remains Positive by comfortable margin. Short-term looks good too, maybe 1150 before another pause.

• Read more

The move has been massive and a lot of “smart” money checked out early, awaiting the correction that to date has not developed. Clearly this market is something different, but in the past, it has been wise to heed the message of the Early Warning Index. Maybe this time will be different, but I suspect that even a mega bull must take a rest sometime.

• Read more

The market is again exploding on the upside, about to make a new high. Twenty-three years of on-line market experience provides no operational guidelines for a market like this, even though the amplitude of the move and the volume relative to shares listed is not unprecedented.

• Read more

In September the stock market moved sideways, and just as it seemed the underpinnings would finally crack, just as it seemed our expected correction was about to begin, an explosion occurred, on the up side, not the down side.

• Read more