• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

The Market Needs The New Highs To Help Pull Up The Rest Of The Stocks

By Kurt Osterberg · On April 11, 2018

A short-term uptrend is struggling to emerge. The sellers seem done for now, but there just aren’t enough buyers willing to step in yet.

Yesterday, the PMO Index turned up nicely, and the number of new 52-week lows was at a harmless level. Both are bullish signals. 

But there are so few new 52-week highs, and the market needs the new highs to help pull up the rest of the stocks.

We just have to be patient and wait for this current consolidation to complete. 

Side Notes:

VIX Squared has just reported on Twitter that bullish sentiment is now down to a level that favors stock prices from a contrarian point-of-view.

Investors.com pointed readers to a CBO report that estimates the Federal deficit to be at least 2 Trillion dollars by 2028. Insanity!

Outlook Summary:

The market is having a tantrum as the tariff tit-for-tat appears to be getting serious. The crazies and the unqualified are running the White House, and investigators are circling closer and closer.

However, the mood swing away from stocks was inevitable after such a terrific run higher for stocks starting with the 2016 election.

I don’t think the bull market is over yet, but it is getting old and we have been very fortunate over the last ten years. Time to start appreciating what we have, and protecting it as best we can.
 

The long-term outlook is increasingly cautious. Reduce overall exposure to stocks on rallies.
The medium-term trend is down.
The short-term trend is down. 

The medium-term trend for bonds is up.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    And Then, What Will Happen? – Getting Beyond Stage-One Thinking in Business

  • Finance

    Let’s End the Antiquated Workweek

  • Finance

    How to Find the Right Business Partner

No Comments

Leave a reply Cancel reply

Top Finance

  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce
  • Shark Tank Recap: Shed Defender, Tata Towels and Sanaia Applesauce Secure Deals Shark Tank Recap: Shed Defender, Tata Towels and Sanaia Applesauce Secure Deals
  • Hedge Funds In The US Hedge Funds In The US
  • One Ring To Rule Them All One Ring To Rule Them All
  • Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates

New Posts

  • And Then, What Will Happen? – Getting Beyond Stage-One Thinking in Business

    And Then, What Will Happen? – Getting Beyond Stage-One Thinking in Business

    January 24, 2021
  • Let’s End the Antiquated Workweek

    Let’s End the Antiquated Workweek

    January 24, 2021
  • How to Find the Right Business Partner

    How to Find the Right Business Partner

    January 23, 2021
  • Don’t Rely on Anyone Else’s Platform. Build Your Own.

    Don’t Rely on Anyone Else’s Platform. Build Your Own.

    January 23, 2021
  • Growth Hacking; North Star Metric, OKRs and ICE Explained

    Growth Hacking; North Star Metric, OKRs and ICE Explained

    January 23, 2021
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018 NJCEE. All Rights Reserved.