After the swift rise the stock market had in the first quarter, we were due for a pullback. Now the market’s oversold and ready for another rally.
Stocks Aren’t As Cheap As They Used to Be
April 9, 2012 By
The stock market’s gains made in the first quarter of 2012 has taken away half the upside potential the market had. Stocks just aren’t as cheap as they used to be.
Stock Market’s in a Correction
April 5, 2012 By
The stock market went into a correction yesterday. Good. Things were getting rtoo easy, we needed to take a break and wash out the weak investors.
Jeremy Siegel Sees the Market Climbing
March 29, 2012 By
Jeremy Siegel — one of the best stock minds of our time — says “compared to bonds it’s one of the cheapest markets — stock markets — I’ve seen.”
Market’s Overbought, Consider Taking Profits
March 22, 2012 By
The market is overbought now and I think it’s a great time to take profits. Some of these stock charts look perfect — too perfect. It’s time for a breather.
Market’s Been Overbought for a While
February 8, 2012 By
The stock market’s been on a tear this year, up 7% year to date. Yes the market’s still undervalued by 20% or more, but the Overbought Oversold Oscillator says we are due for a rest.
The Market’s Strong January is Just the Beginning
February 1, 2012 By
The stock market (measured by the S&P 500) rose 4% last month, hitting levels not seen since July of last year. P/E ratios rose last month — a sign of good things to come.
Dow Breaks Out as Market’s Overbought
January 6, 2012 By
The good news is the Dow Jones Industrial Average broke out on the first trading day of 2012. The bad news is the market’s overbought so it likely won’t blast higher.
Exxon’s (XOM) Estimates are Falling as the Stock Breaks Out
December 21, 2011 By
Exxon’s (XOM) profit estimates are falling. Surprising because the economy is expected to be solid next year. Good economies usually means higher oil.
Santa Clause Stock Market Rally
November 14, 2011 By
The bottom line is the stock market is selling 23-24% below where it should be — and setting up nicely to break out — so we could be in for a solid Santa Clause rally. Merry Christmas!
