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Support levels on the major averages are intact, despite the decline in early March.  Technical indicators based on market breadth and volume is in the process of working off its overbought condition from the rise since the election.  In addition historical research shows after January and February are strong months; the year has the potential for additional gains. This doesn’t mean a short term decline will not occur, however the odds favor declines could be a buying opportunity.

The optimistic tone of the market has changed somewhat as the expectations of rising rates became a concern for investors.  The 10-year Treasury note yields have been rising steadily since the end of February spooking investors.  There has been an overall weakening in market breadth indicators that need to be monitored. Our stock market timing models remain neutral-positive indicating a potentially profitable market climate and further gains over the next several weeks.

The overall technical picture of the market remains positive. The cumulative advance decline line of the NYSE advance/decline line confirmed the highs made in February.   When market breadth confirms price, usually that suggests the final high has not been made.  The Technology sector is acting well. The NASDAQ 100 (QQQ) is not far from its recent all-time high.  It’s also bullish that the Nasdaq Composite is leading in relative strength vs the S&P 500, a condition which has historically overall characterized more profitable market climates.

Watch The Strength of Technology:

PowerShares QQQ ETF (Nasdaq 100 Index) Weekly Price and Trend Channels (Top), and MACD 12-26-9 (Bottom)

The top part of the chart shows the weekly Power Shares 100 (QQQ), an exchange-traded fund based on the Nasdaq 100 Index and its active trading channels.  The QQQ includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq stock market based on market capitalization. As of 03/10/17, Apple, (AAPL) is the largest holding comprising 11.91%, Microsoft Corp (MSFT) 8.11%, Amazon.com, Inc. (AMZN) 6.50%, Facebook, Inc. Class A (FB) 5.22%. Alphabet Inc. Class C (GOOG) 4.67% and Alphabet Inc. Class A (GOOGL) 4.11% totaling 40.52%.

The QQQ broke out at 123.00 (red circle above) on January 6 and has been steadily rising. The QQQ has now slightly penetrated the channel objective at 130.00 (top blue channel line), now trading at 131.30. The intermediate trend is up as long as the QQQ remains above the up trendline line (pink). The next upside target is 139.00.   Keep an eye on Apple, (AAPL) the largest holding of QQQ.   Apple has moved sideways for 10 days giving up no ground.  If Apple continues making new highs, this could be positive for the technology sector over the next several months.   If the QQQ falls below 123.00, breaking the up-trend, my bullish outlook would be negated.

The bottom half of the chart is MACD (12, 26, 9) a measure of momentum.  Its bullish MACD has confirmed the price high made in QQQ suggesting any weakness in the QQQ most likely would be temporary.

 

A Breakout in the S&P 500 ETF (SPY) is Possible?

The chart above is the weekly SPDR S&P 500 (SPY) ETF that is comprised of 500 stocks of the largest companies in the U.S.   The S&P 500 (SPY) hit its weekly upside channel on March 1st at 240.32 and pulled back.  Market breath has weakened however the SPY has not given up much ground over the last two weeks, a bullish sign.  If the SPY can get through the old highs, higher projections above 260.00 will be given.

The lower portion of the chart is the 12-26-9 MACD, a measure of momentum.  Like the QQQ discussed above, MACD has confirmed the price high in the SPY and is in a clear uptrend.  This is the sign of a healthy market.   Look for the SPY to at least test the old highs.

Summing Up:

Market breadth has been weak as of late after being very strong for many months. There has been no real thrust on the advancing days to get excited about, however not much ground has been given up either.  Market breath indicators have worked off its overbought condition since the election.   Our stock market timing models remain neutral-positive indicating a potentially profitable market climate and potential further gains over the next several weeks. MACD over the intermediate term for the Nasdaq 100 (QQQ) and the S&P 500 (SPY) have confirmed the strength of the overall market.   Continue to give the benefit of the doubt to the bulls.

I would love to hear from you.  Please call me at 516-829-6444 or email at bgortler@signalert.com to share your thoughts or ask me any questions you might have.

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*******Article published by Bonnie Gortler in Systems and Forecasts March 15, 2017

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Disclaimer: Although the information is made with a sincere effort for accuracy, it is not guaranteed that the information provided is a statement of fact. Nor can we guarantee the results of following any of the recommendations made herein. Readers are encouraged to meet with their own advisors to consider the suitability of investments for their own particular situations and for determination of their own risk levels. Past performance does not guarantee any future results.

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Do you believe that news reports are a dependable source for investment advice? There are many experts and websites over the internet with different information. At times it can be quite alarming.  Are you feeling confident that your stock market investments will hold up when the market feels as if you were on a roller coaster ride? Think about the review process that you currently have in place for your investment portfolio, if you are managing your own investments. It’s wise to have an investment strategy that is flexible and allows you the ability to exit quickly in order to reduce your exposure if the stock market is not performing well. You can reduce some of your uneasiness by seeking the advice of an investment professional that can answer your specific questions one-on-one when you are feeling unsure.

It’s wise to review your portfolio and lower your Risk by avoiding big losses. You want a portfolio to suit your needs within a certain time frame depending on your goals and objectives. If you are feeling stressed about your investments here are some ideas to follow that will help you in meeting your investment goals.

Simple Tips to Navigate During Stressful Stock Market Times

  • roller coaster stock-market-cartoons-5-300x2021Watch your investments to make sure they are doing what you expect.
  • No matter the strategy you choose, it’s a good idea to measure the returns and risks compared to a benchmark index for comparison.
  • You could be over weighted in a particular sector under pressure.  It’s a good idea not to have too many of your eggs in one basket.
  • Review your investment to see if any individual stock, exchange traded fund, or bond position exceeds 5% of your overall portfolio.
  • Prepare your plan with an exit strategy to allow you to bounce back before something unforeseen occurs.
  • When altering a security keep the whole portfolio in mind.
  • Individual stocks are volatile; you can make money fast or lose money quickly.
  • If you are investing in individual bonds review the credit rating to see they are good quality bonds.

It’s crucial that you set clear goals and objectives for your success.  Keep an eye on your portfolio so that you will know what is or isn’t performing well.  Be ready, flexible, willing, and prepared to make a change when and if you are feeling stressed by about your investments. Your future finances depend on it!

stock market roller coasterYou can feel good today about putting into motion a plan to build wealth without stress as you move even closer to a life of wealth and well-being.  You want to have a clear plan as you embrace change with new eyes and a renewed commitment toward your future.   Take time to do what is necessary in discovering ways to become more at ease with your finances.   Make the decision to live a healthy wealthy lifestyle filled with less frustration so you can enjoy the life you want.  As you continue your journey forward, remember to always place yourself in the best possible situation for success when creating a life full of wealth and well-being.

Let’s talk.  You are invited to set up your Free 30 minute Wealth and Well-Being Discovery session with me by calling 516-778-8714 or by clicking here or send me an email at Bonnie@BonnieGortler.com. I would love to connect with you.

Wishing you health, wealth & happiness,

~Bonnie

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For almost 2 months, the market was quiet, moving sideways to higher. The S&P 500 (SPY) daily change was less than 1%, and then September 9th occurred.  Investors’ perception changed from bullish to bearish, spooked by news of potential rising rates in September, sooner than expected and the S&P 500 fell 2.45%.   It’s been months since heavy selling has occurred. Volatility rose sharply. VIX, (an index that measures fear) increased from an intraday low of 11.65 to a high of 20.51 in two days, a gain of 76%.  There was no place to hide.

The next day, stocks reversed quickly to the upside, however the rally couldn’t be sustained.  Heavier selling the next day was broad based.   Few stocks rose and many fell. The tape showed very poor market breadth readings on heavy volume, including new 52 week highs deteriorating. The trading screen was full of red, emotions rekindled, and a feeling of angst by investors was front and center (including me).   Volatility is back.   Risk has increased.   Market breadth is no longer favorable supporting the market, so stock and sector selection will be more important making money going forward.   Our models have moved from positive to neutral and no longer suggest the market is low risk.

For the short term in favor of the bulls, the major averages are only a few percent from their highs. Support levels on the S&P 500, Nasdaq and Russell 2000 have held so far.  The unfavorable seasonal period of September, including expiration will soon be behind us.  Institutions will begin to focus on the end of quarter window dressing, preparing for rising rates and the presidential elections. Also supporting the market is Apple, (AAPL) the stock investors had shied away from, out of favor since the highs made in April 2015. Apple (AAPL) has clearly broken its weekly downtrend to the upside, now up from 102.53 on 091216 to trading at 114.91 as of this writing.  If Apple rises more you can look for the technology sector to continue to be stronger than the S&P 500.   In the long run this is a bullish sign for the market.

As of this writing the latest decline looks more like a short-term pullback within an uptrend that could lead to more gains and another test of the highs.   I am cautiously bullish watching closely to see if the support levels hold, and if the intermediate up trend remains in-tact I will give the market the benefit of the doubt.

Chart To Watch Now:

The SPDR S&P 500 (SPY) Weekly With Channel (Top) and 12-26-9 Week MACD (Bottom)

spy091516

The chart above is the weekly SPDR S&P 500 (SPY) ETF that is comprised of 500 stocks of the largest companies in the U.S.  As of 09/14/16 its top 4 holdings in the S&P 500 were Apple Inc. (AAPL) 3.07%, Microsoft Corporation (MSFT) 2.39%, Exxon Mobil Corporation (XOM), 1.93% and Johnson & Johnson (JNJ) 1.74%. Investing in the S&P 500 (SPY) gives you a broad representation of the overall large-cap U.S. stock market.

The top part of the chart shows the S&P 500 (SPY) penetrated its trading channel, getting through resistance at 212-214.00 in July 2016 (red circle).  Notice on the recent sell off, the S&P 500 tested the breakout of the channel making a low of 212.50, holding just above 212.00 acting as key support.   As long as the S&P 500 (SPY) can hold 212.00 and turns up, this would be considered a successful test of the upside breakout in July.  The upside target for the S&P 500 (SPY) remains at 228.00 mentioned in the August 18th newsletter.

On the other hand, if the SPY closes below 212.00 for two days, a warning would be given a further decline is likely.   As long as 204.00 on the S&P 500 (SPY) is not violated, the intermediate trend remains intact (the green line) and up.  If violated, the decline could accelerate fast and possibly be more than a short term correction.   Next support 197.00.

The bottom half of the chart shows MACD, a measure of momentum. MACD is now falling, and has generated a sell. It’s very clear momentum is weakening.   It’s a good sign MACD confirmed the breakout and no negative divergence took place.   Tops many times take a long time to form and the confirmation makes me believe another leg up could occur before there is a more serious decline.   Its positive MACD confirmed the breakout and no negative divergence took place.

Summing Up  

There was a short term change in investors’ perception from bullish to bearish that evoked panic selling and caused stock prices to fall sharply with increased volatility.  It looks like there has been a successful test of the upside breakout in July.  Warning signals are starting to form in intermediate momentum indicators that a potential top is looming and upside potential could be limited.  Stock and sector selection will be more important as the year moves forward.  The upside target for the S&P 500 (SPY) remains at 228.00.  For now the intermediate trend remain up.  Quiet times are over, expect volatility, and more risk. Review your investments now before the bears take charge and the intermediate trend changes from bullish to bearish.  The key number to watch on the S&P 500 (SPY) is 212.00.   A close below 212.00 for two days would be a warning further decline is likely.

I would love to hear from you. Please call me at 516-829-6444 or email at bgortler@signalert.com sharing your thoughts, or ask me any questions you might have.

If you like this article, then you will love this! 

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*******Article in Systems and Forecasts Sept 15, 2016

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Disclaimer: This is a hypothetical result and is not meant to represent the actual performance of any particular investment. Future results cannot be guaranteed. Although the information is made with a sincere effort for accuracy, it is not guaranteed either in any form that the above information is a statement of fact, of opinion, or the result of following any of the recommendations made herein. Readers are encouraged to meet with their own advisers to consider the suitability of investments discussed above for their own particular situations and for determination of their own risk levels.

 

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The stock market has quietly advanced during the first half of August. The daily price movements over the past 25 days in the S&P 500, Russell 2000, and the Nasdaq 100 have been extremely small, ranging from 0.28% – 0.43% as prices have moved higher. As long as this phenomenon continues of low day to day volatility, downside risk will be contained.

Tape action remains encouraging, many major indices have broken through resistance levels that were in place for over a year and have made new all-time highs. Market breadth has supported the advance with The New York Stock Exchange (NYSE) advance-decline line also making a new high. A market top rarely happens at a final price high that is confirmed by the (NYSE) Advance-Decline Line.
The August through October period historically is not an ideal low risk environment to be invested in the stock market. During the third quarter of an election year, like now, the negative bias is not true.
Instead, it’s positive for the market.

Our models continue to suggest favorable market conditions, although not at the level where risk is
at its lowest. There are no blatant warning signs of a potential serious decline ahead; however there are a few small non-confirmations. I would like to see the transportation average confirm the Dow’s recent high and for the Russell 2000 Small-Cap Index to outperform the S&P 500 (SPY) and make a new all-time high.

All in all, the tape remains favorable, the bulls remain in control and I believe the advance will continue.

What Are The Charts Saying?

The SPDR S&P 500 (SPY) Weekly With Channel (Top) and 12-26-9 Week MACD (Bottom)

081716 SPY WEEKLY

The chart above is the weekly SPDR S&P 500 (SPY) ETF that is comprised of 500 stocks of the largest companies in the U.S. As of 08/16/16 its top 4 holdings in the S&P 500 were Apple Inc. (AAPL) 3.12%, Microsoft Corporation (MSFT) 2.40%, Exxon Mobil Corporation (XOM), 1.92% and Johnson & Johnson (JNJ) 1.79%. Investing in the S&P 500 (SPY) gives you a broad representation of the overall large-cap U.S. stock market.

The S&P 500 (SPY) finally broke out of its trading channel beginning December 2014 after penetrating the 212-214.00 resistance on 07/11/16. Old resistance is now key support if a pullback would arise. It would be bullish if the S&P 500 (SPY) remains above this level, increasing the odds of the SPY reaching the upside target of 228.00, 5% higher. Another point of reference to watch is if the uptrend remains intact from the February lows. The green trendline in the chart shows that this uptrend remains intact. As long as 204.00 is not violated, the intermediate trend is up. Remember the trend is your friend.

On the other hand, if SPY breaks below 212.00 this would be an early warning that the intermediate trend is in process of changing, and risk increasing. If the uptrend is broken, the middle channel at 197.00 would act as the next support level.

The bottom half of the chart shows MACD, a measure of momentum. MACD is on a buy, rising, above 0, and has confirmed the price high made in the S&P 500 (SPY). MACD needs to be monitored to see if and when it turns down.

This would be an advanced warning that momentum is weakening and that a potential change of trend could occur.

MACD is now somewhat extended, but no negative divergences exist and the uptrend remains in effect.

Therefore, no need to worry yet, continue to enjoy the ride.

Summing Up:

The stock market advance quietly continues. Our models remain favorable. Market breadth and price action is positive. The advance decline line has confirmed new highs in the S&P 500 (SPY) suggesting a final top most likely hasn’t been made.

Major market averages have broken through resistance to the upside after many attempts earlier in the year.

The uptrend from the February lows remains in-tact. The trend is our friend.

In the near term, unless the S&P 500 (SPY) closes below 212.00 for two days, the benefit of the doubt goes to the bulls for the S&P 500 (SPY) to continue higher toward the upside objective of 228.00.

I would love to hear from you. Please feel free to share your thoughts, comments or ask any question you might have. Call me at 1-516-829-6444 or send an email to bgortler@signalert.com.

If you like this article, then you will love this!  Click here for a free report: Top 10 investing tips to more wealth.

 

*******Article in Systems and Forecasts August 18, 2016

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Disclaimer: This is a hypothetical result and is not meant to represent the actual performance of any particular investment. Future results cannot be guaranteed. Although the information is made with a sincere effort for accuracy, it is not guaranteed either in any form that the above information is a statement of fact, of opinion, or the result of following any of the recommendations made herein. Readers are encouraged to meet with their own advisors to consider the suitability of investments discussed above for their own particular situations and for determination of their own risk levels.

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June was a very volatile month for equities, due to  the 06/23/16 U.K. referendum vote to leave the European Union (EU). Investors were caught off guard, very surprised by the results and opted to sell equities. The stock market doesn’t like uncertainty. Stocks fell sharply, VIX, (an index that measures fear) rose sharply from 12.72 to 27.72, in a span of a few days. Investors purchased bonds for safety causing the 10-year U.S. Treasury yield to fall to record lows of 1.3%.

Fortunately, the decline was short lived after the S&P 500 (SPY) fell 5.4%, in two days. Instead of the market falling further, the bulls took control, equities stabilized and fear subsided. By month end U.S. and global equities had made significant comebacks, rebounding sharply back to levels near or higher where they were before the news.

Our models are overall bullish. With support levels holding on the major averages during the recent decline, I am optimistic (although a bit worried) that prices will work their way higher and ultimately break out to the upside.

The SPDR S&P 500 (SPY) Weekly With Channel (Top) and 14 Week RSI (Bottom)

070716 SPY Weekly
The chart above is the weekly SPDR S&P 500 (SPY) ETF that is comprised of 500 stocks of the largest companies in the U.S. As of 07/06/16 its top 4 holdings in the S&P 500 were Apple Inc. (AAPL) 2.85%, Microsoft Corporation (MSFT) 2.21%, Exxon Mobil Corporation (XOM), 2.12% and Johnson & Johnson (JNJ) 1.85%. Investing in the S&P 500 gives you a broad representation of the overall large-cap U.S. stock market.

The S&P 500 (SPY) remains within the trading channel (pink lines) since December 2014. The S&P
500 (SPY) is once again challenging its highs after pulling back towards the middle channel and holding support at 197.00, with a low of 198.65 on 06/27/16. Notice how each time the S&P 500 (SPY) challenged the top of the channel a pullback occurred. Even with the uncertainty in the markets, I’m hopeful this could be the time that the S&P 500 (SPY) finally breaks through the resistance above instead of falling and testing the middle channel.

If resistance is penetrated between 212.00 – 214.00 and stays above it for two days on a closing basis then SPY could be ready to start another swing to the upside towards 228.00. On the other hand, if SPY breaks below 197.00 this would not be a good sign. Following a breakdown to below 197 I would expect SPY to move towards the lower channel at 181.00 quickly (lower pink line).

The bottom half of the chart shows the Relative Strength Index, a measure of momentum developed by Welles Wilder. RSI is based on the ratio of upward price changes to downward price changes.

RSI broke the downtrend which was bullish. Now RSI has retraced back to the level where the RSI trendline broke out from and needs to hold. A turn up in RSI would be bullish, yet further weakness in the S&P would turn RSI down and show declining momentum which would not be positive.

With all of the uncertainly in the world, tape action is very important to be monitored for market direction.

Here is what I am watching.

Catalysts to Keep An Eye on For Market Direction:

Monitor overseas markets to see if they stabilize and can work their way higher. Watch Europe (IEV) and Emerging Markets (EEM) ETFs as benchmarks.

Look for the selling to stop in European banks that have fallen sharply. Monitor the iShares MSCI Europe Financials ETF (EUFN).

Monitor the US. Financial Sector to see if it stabilizes and can move higher, (XLF and KRE).

Observe the strength in the Biotechnology sector XBI). A rise would indicate investors are willing to
take on more risk.

Watch to see if the technology sector becomes a leader over the S&P 500. Watch the Nasdaq 100
(QQQ) and the Semiconductors HOLDR (SMH). Also keep an eye on Apple, which has been under selling
pressure for months. Now it appears to have successfully tested its recent lows and has improving
chart patterns.

High Yield Bond Mutual Funds remain strong and keep making highs. Use (HYG) or (JNK) as a
benchmark.070816 S&P500

Watch to see the movement in VIX (an index that measures fear) when the market declines. Look if VIXaccelerates quickly or it moves up quietly. If the market falls it would be a bullish sign if VIX moves lower. It’s best if VIX could stay below 20. It is bullish of oil (USO), and the energy sector (XLE), trend higher.

Small caps (IWM) were beginning to outperform the S&P 500 and then stopped. If small caps were to gain in relative strength compared to the S&P 500 (SPY) this would be bullish, also suggesting investors willing to take on more risk. The Russell 2000 (IWM) needs to hold support at 107.00. A break below would be a bearish warning that a pending decline is ahead.

In Sum:

The market had a quick scare and sold off sharply in June but appears to have stabilized and is poised to move higher. The S&P 500 is very close to the upper trading channel again. It would be bullish if the S&P 500 (SPY) stays above 212.00 and 214.00 for two days on a closing basis. If this occurred I believe the S&P could start another swing higher towards the upside objective of 228.00. Some clues that would be positive for stocks would be if European banks, the US financial sector, small caps and technology move higher and lead the way. A break below 197.00 on the S&P 500 (SPY) and 107.00 on The Russell 2000 (IWM) would cause me to rethink my bullish outlook and turn more cautious to lower exposure in equities.

I would love to hear from you. Please feel free to share your thoughts, comments or ask any question
you might have. Please call me at 1-516-829-6444 or email at bgortler@signalert.com.

*******Article in Systems and Forecasts July 8, 2016

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Disclaimer: This is a hypothetical result and is not meant to represent the actual performance of any particular investment. Future results cannot be guaranteed. Although the information is made with a sincere effort for accuracy, it is not guaranteed either in any form that the above information is a statement of fact, of opinion, or the result of following any of the recommendations made herein. Readers are encouraged to meet with their own advisors to consider the suitability of investments discussed above for their own particular situations and for determination of their own risk levels.

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042816 Key Points IWMMost stocks have continued to advance in April, another profitable month for investors.  On down days profit taking has been contained as the bulls remain in control. Investors appear fearless moving into higher risk sectors and away from defensive sectors.  An important question remains will the major averages break out to the upside, or is it best to sell and go away in May?

Time will tell if the market continues to rise without a pullback, leaving some investors missing out on further profits.  Our models remaining favorable,with above-average profit potential with risk well below average. I continue to give the benefit of the doubt to the bulls.  The easy money from the February lows appears over.  Stock selection regarding what sector to invest in will be important as we move further on in the year. Normally defensive sectors flourish as investors want quieter sectors as the calendar moves into the more unfavorable months of the year, May through October.  Defensivesectors such as utilities (XLU) and Consumer Staples (XLP) have lost some of their luster. Investors have beenmoving money out of these defensive areas in April. Keep an eye out if this recent trend continues.

The technology sector (QQQ and XLK) has not been a strong. Poor earnings from Microsoft (MSFT) and AlphabetInc. Class A (GOOGL) didn’t help this area. In addition, Apple disappointed investors and fell hard as well.

Technology was losing momentum fast compared to the S&P 500 (SPY) even before all of these earnings reports.

In the long run this is not a positive development and bears watching.

Listen here to the audio version of the article “Small Caps Gaining Momentum: Enjoy The Ride”

These are some of my favorite sectors giving a sign of a healthy market going forward.  The
financial sector (XLF) has penetrated its first level of resistance at 23.00 as mentioned in the 03/13/16 newsletter, 24.50 is next target. In addition Regional Banks (KRE) has joined in on the advance, a very strong performer in 2015.  Also market breadth remains strong; more stocks are participating in the rally, helping the Russell 2000 Small Cap Index (IWM) and the Mid Cap 400 (MDY) sectors of the market. Review the tape action clues to monitor that I discussed in the 04/14/16 newsletter for more of what it is needed for further gains ahead.  The
odds favor higher prices ahead.

What Are the Charts Saying?–iShares Russell 2000 ETF (IWM) Weekly Price (Top), and 12-26 Week

MACD (Bottom)

042716 iwm weekly newsletter use

The top portion of the chart shows the weekly iShares Russell 2000 ETF (IWM) which is made up of companies with a market capitalization of between $300 million and $2 billion. The Russell 2000 (IWM) peaked on 06/22/15 at 129.10 and has been out of favor with investors. In November 2015, normally a seasonally favorable period, the IWM tried to rally but failed. Now a new development has taken place, IWM is showing strength.

Notice the two key weekly significant downtrends that have been broken from June 2015 (blue line) and another from November 2015 (purple line) on this latest rally from the February low. This is bullish.

IWM closed at 114.63 on 04/26/16 clearing its 50 week moving average (line not shown). Resistance is just above at 116.00. If IWM can get through resistance, a move toward the upper channel objective at 134.00 is possible.  If IWM pauses, on the other hand, then support is at 112.00.  A break below 112 would negate my short term bullish outlook and cause me to reevaluate.

The lower portion of the chart is the technical indicator MACD, (a momentum indicator). MACD has generated a buy from an oversold condition and is rising rapidly breaking the short term trend line (pink line). Momentum has been in a long term down trend since December 2013 (green line). If IWM keeps moving higher this downward trend in momentum will change and turn favorable. The best is yet to come!

Summing Up:

Our models remain on a buy and in the most bullish condition.  There is a lot of disbelief in the rally which is bullish. Tape action has been positive with market breadth strong, especially in the small and midcap sectors.

Financials have picked up their performance as well, all signs of a healthy market.  Defensive areas such as XLU and XLP have been losing momentum.  Technology was not acting very well, losing impetus before Apple’s disappointing earnings announcement.  This needs to be monitored to see if it is temporary or a warning sign for the future. Sector selection will be important. I am recommending watching the Russell 2000 (IWM) to see if it can break through resistance at 116.00. If so, 134.00 is possible.   A break below support at 112.00 would negate
my short term bullish outlook and cause me to reevaluate.  The stock market is moving into an unfavorable seasonal period over the next few months.  Review your investment portfolio, enjoy the ride now, however be ready with your exit strategy in case market weakness begins and the bears come out of hiding.

I would love to hear from you.  Please feel free to share your thoughts, comments or ask any question you might have.

Please call me at 1-516-829-6444 or email at bgortler@signalert.com.

*******Article in Systems and Forecasts April 28, 2016

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Disclaimer: This is a hypothetical result and is not meant to represent the actual performance of any particular investment. Future results cannot be guaranteed. Although the information is made with a sincere effort for accuracy, it is not guaranteed either in any form that the above information is a statement of fact, of opinion, or the result of following any of the recommendations made herein. Readers are encouraged to meet with their own advisors to consider the suitability of investments discussed above for their own particular situations and for determination of their own risk levels.

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XLF SummaryU.S. equities started the month of February poorly XLF Summary but the major averages gained back most of their early losses by the end of the month. As oil prices Financial stocks (XLF) have held their ground fell, stocks went lower in tandem leaving stocks above their August intra-day lows and appear falling over 20%; defensive sectors such as Utilities (XLU), and Consumer Staples (XLP) were more stable. Higher risk sectors such as Materials (XLB), and Industrials (XLI), fared better than Biotechnology (XBI), and technology stocks lagged.

When oil stopped its slide and moved higher, investors were inspired. The temptation to investors was high, stocks were at bargain prices and investors stepped in to buy. The past two weeks U.S. equities rallied sharply off their February 11th lows. Many of the out favor stocks were cheap after being beaten up, falling below their support areas. The market tape has improved noticeably since, especially an improvement in market breadth. Mid-caps have come to life,small-caps are acting better, and banks stocks have rebounded after being crushed. Volatility as measured by VIX is lower, now below 20, and prices of major averages are near or above their 50-day moving averages, all bullish signs. The market is now short term overbought, and trading near overhead resistance above. Investors have been cautious during these last few months as the S&P 500 (SPY) and the Nasdaq have had 3 down months in a row.

They are still trading below the longer term 200-day moving average, a long term negative hanging over the market. Volume has been noticeably low on the rally; money has been flowing away from more aggressive areas as investors have been opting for safety. By no means is the market out of the woods; the bear is resting and in hibernation at the moment, and the market is moving higher even as the long term trend remains negative.

What Are The Charts Saying?

Weekly SPDR Financial Select Sector SPDR (XLF)030116 XLF

 

The top portion of the chart above shows the weekly SPDR Financial Select Sector SPDR (XLF) with price and trend channels that are acting as support and resistance areas. XLF looks to mirror the behavior of the financial sector of the S&P 500 Index. The index includes companies from commercial banks, capital markets, diversified financial services, insurance and real estate. The top five largest holdings as of 02/29/2016 are; Berkshire Hathaway (BRK.b) 9.54%, Wells Fargo & Co (WFC) 8.73%, JP Morgan Chase & Co (JPM) 7.86%, Bank of America Corp (BAC) 4.95 and Citigroup (C) 4.39%, representing 35.47% of the ETF.

XLF was one of the weaker sectors of the market, down 8.52% year to date through 03/01/16, and more than 13% below its peak on 07/22/15. Financial sector weakness is not a healthy sign of a bull market. However there is hope. XLF is acting much better recently. All of the top holdings are well off their lows ranging from up 8.9% to 19.4%. The down trend remains in effect from October 2015 (pink line); however XLF appears to have successfully tested its August 2015 lows and is now starting to head up towards resistance at 22.60. In addition, if XLF could break above 23.00, the down trend would be broken. This would be a bullish message for the market going forward. If XLF can break above the resistance then I would expect it to challenge 24.50, which is the longer term down trend line (Purple Line) from the highs of July 2015.

The bottom half of the chart shows the Relative Strength Index, a measure of momentum developed by Welles Wilder. RSI is based on the ratio of upward price changes to downward price changes. RSI has broken the down trend (red line), indicating that XLF is gaining momentum along with a very bullish potential bottom forming that is spread over 23 weeks. The financial sector is also gaining in relative strength to the S&P, (XLF/SPY ratio chart not shown) turning up from a very oversold position on a daily and intermediate basis, good sign suggesting further gains to go. A strong financial sector could be exactly the fuel that the market needs to support the overall stock market to challenge the old highs one more time.

Summing Up:

We are in a bear market rally, but a major bottom in the stock market is not yet in place. The stock market has made an impressive rally over the last few weeks forming an overbought condition for the short term; however the long term trend remains down. For most of this year money was flowing into defensive areas of the market such as Utilities and Consumer Staples as investors were more defensive. In the past three weeks investors’ psychology looks like it’s moving to a higher risk appetite. The financial sector was hit hard, normally not a healthy sign for the market going forward, however a potential bottom appears to be in place with financials stabilizing and beginning to be stronger than the S&P 500. XLF is trading now at 21.95 intraday on 3/2/2016. Watch XLF to see if resistance at 22.60 is broken and then if it can break above 23.00. This would be a bullish message for the market going forward that a rise to the old highs could occur sooner rather than later. The market is not out of the woods; the bear is resting and in hibernation at the moment.

I welcome you to call me with any comments, feedback or questions at 516.829.6444 or email bgortler@signalert.com.

*******Article in Systems and Forecasts March 3, 2016

Disclaimer: This is a hypothetical result and is not meant to represent the actual performance of any particular investment. Future results cannot be guaranteed. Although the information is made with a sincere effort for accuracy, it is not guaranteed either in any form that the above information is a statement of fact, of opinion, or the result of following any of the recommendations made herein. Readers are encouraged to meet with their own advisors to consider the suitability of investments discussed above for their own particular situations and for determination of their own risk levels.

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For the first five months of 2015 the S&P 500 (SPY) traded within a tight trading range that resolved to the downside in May, not amounting to much, and short lived. No real follow-through to the upside occurred, and then a 13.4% decline occurred in August. Healthy pullbacks along the way occurred as the market consolidated its gains.

The wall of worry remains. Sharp, quick trading swings up and down would keep one up at night, leaving one on pins and needles wondering if and when a major correction would occur.

So far none has happened and all is well.

Since the last newsletter on 11/12/15, the S&P 500 (SPY) left some clues indicating a further rally, showing its best week since October 2014, gaining over 3%. The odds favor the bulls over the next several weeks, with favorable seasonality upon us now, but the tape action needs to improve for the rally to be sustained into the New Year.

It’s been a challenge to be profitable. Few stocks are making new highs, and many stocks are down more than 10% for the year. There is room to the upside for the S&P 500 (SPY) along with other major averages if the rally could broaden in scope and penetrate the overhead resistance. With favorable seasonality here, I am optimistic that resistance will be broken soon.

Let’s Review the Tape Action of the 10 Clues for Further Guidance
New 52-week lows on the New York Stock Exchange were mostly above 100 in recent trading sessions. On 11/24/15 the reading was 67, the lowest since 11/05/15. I would like to see new 52-week lows under 50. It would be even better if the new 52-week lows could fall and stay below 25.

An optimistic sign is that the 10 Day Ratio of NH / (NH+NL) on the NYSE has turned up from an oversold condition, with a bullish double bottom formation in place.

Market breadth on the New York Stock Exchange continues to be disturbing even with last week’s advance. A consistent reading of more than 500 advances is still needed and would be a good sign of further gains ahead for a broader sustainable rally.The CBOE Volatility Index (VIX) (a measurement of fear) has gone below 19.00. The VIX as of 11/25/15 intraday is at 15.40. This is a good sign.

During the recent advance there was not a trading session when there was 9 to 1 more upside than downside volume on the New York Stock Exchange. On 11/16/15 the reading was close with 8.66:1.

Overseas markets appear stable but are not gaining in relative strength compared to the U.S.equity’s. Emerging Markets (EEM) as a benchmark remain above 33, but so far has not gone through the key level above 36.00. (On 11/25/15 intraday the EEM is at 34.67)

The Value Line Geometric Composite, an unweighted average of roughly 1700 U.S. stocks, remains below 473.00, the level that would imply another rally attempt will occur. (On 11/25/15 intraday the Value Line Geometric Composite was at 467.06).

More risky areas of the market are acting reasonably well. Healthcare (XLV), Biotechnology (XBI), Technology (QQQ), and Semiconductor stocks (SMH), are holding their ground well and look like they will move higher. No selling pressure in these areas is a plus for the overall market. Continue to observe if these sectors are stronger than the S&P 500 (SPY).

High yield funds and high yield ETF’s have been falling while U.S. equities were rising. The good news is December and January are historically good months for high yield bonds. I’m looking for more interest in this area from bond investors who are looking for yield. Continue to watch how the hi yield ETF’s (HYG) and (JNK) are doing intraday. They closed at 82.87 and 35.26 on 11/24/15.

A bullish signal of further advance ahead, is if the Russell 2000 (IWM) is stronger than the S&P 500 (SPY). In addition if the Russell 2000 (IWM) could get through resistance at 120.00, an upside objective to 130.00 is given. The intraday reading on 11/25/15 is 118.79.

What Do The Charts Say?

Daily (IWM)/ (SPY) Ratio (Top) MACD of IWM/SPY Ratio (Bottom)112515 iwmspy ratio daily

The top part of the chart on the right is the daily Russell 2000 /S&P 500 ratio (IWM/SPY ratio). A rising line means the IWM is stronger, and if falling, the S&P 500 is stronger.

As of 11/24/15 the ratio is rising. I am updating again because I feel it’s very significant for the small caps to participate for the rally to be sustainable. The Russell 2000 (IWM/SPY) ratio downtrend line was broken (orange line) to the upside.

Daily charts tend to give advanced notice of a potential trend change, however sometimes they are too early which was the case when a turn-up took place at the end of October. Once again, the ratio has turned up, but this time a bullish double bottom has developed. Another positive sign is the confirmation of the weekly ratio that has also turned up. (The chart is not shown).

The lower chart shows the MACD of the IWM/SPY ratio. A bullish rising double bottom is in place. The downtrend from June of 2015 (pink line) is close to being broken and could occur in a few days. The Weekly IWM/S&P ratio has also turned up, confirming the short term change in strength. As of 11/24/15 the IWM/SPY ratio is rising.

SPDR S&P 500 (SPY) Weekly with Operating Channels and MACD (Bottom)

112015 spy week channel
The top part of the chart above is the weekly SPDR S&P 500 (SPY) showing the operating channels that are acting as support and resistance areas. A break through the resistance area, above 211.50 and 213.78 would give further upside of the S&P 500 (SPY), to the channel objective of 229-230 (the green line). If the market were to decline now instead of going up, the next support area is 197.00. If this support area doesn’t hold, a more serious decline toward the old lows would occur near the lower channel at 180.00 (pink line).

The lower portion of the chart is the technical indicator MACD, (a momentum indicator). MACD is below 0, in oversold territory and now on a buy. The downtrend (green line) remains in effect for now and potentially could take 3-4 weeks of strength in the S&P 500 to be violated to the upside.

Summing Up:

The market has stabilized, as it rides along a wall of worry. U.S. equities are still digesting last week’s gains while investors position their portfolios for the final weeks of the 2015.

The market is not out of the woods yet, with market risk higher than I would like. Our equity models remain overall neutral, but if stocks continue to rise, the models would uptick to neutral-positive.

I am optimistic since we are in a time of the year that is historically very favorable for stocks. Tape action is starting to improve. Small caps are showing some signs of leadership over the S&P 500.

Many market indices are still below their overhead resistance, but could change soon. Follow the tape action that will give you clues to the strength of the advance. Watch the price levels of the S&P 500 (SPY) and the Russell 2000 (IWM) to see if investors are more interested in buying for a potential year-end rally. A break through 211.50 and 213.78 on the S&P 500 (SPY) would give further upside to the channel objective of 229-230 and if the Russell 2000 (IWM) could get through resistance at 120.00, an upside objective to 130.00 is given.

I wish you and your family a very happy Thanksgiving and a healthy wealthy happy holiday season.

It’s almost the end of the year. Need a second pair of eyes to take a look at your portfolio? Please feel free to call me at 1-844-829-6229 or email me at bgortler@signalert.com. I’d be happy to help.

*******Article in Systems and Forecasts November 25, 2015

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This is a hypothetical result and is not meant to represent the actual performance of any particular investment. Future results cannot be guaranteed. Although the information is made with a sincere effort for accuracy, it is not guaranteed either in any form that the above information is a statement of fact, of opinion, or the result of following any of the recommendations made herein. Readers are encouraged to meet with their own advisors to consider the suitability of investments discussed above for their own particular situations and for determination of their own risk levels.

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A tidal wave hit the market in the last two weeks of August. Key support in the S&P 500 (SPY) was broken at 204.00, with the 6 month trading range breaking to the downside. The S&P 500 fell fast and sharp over 6 straight days of decline, losing more than 11%, to a low on 08/24/15 of 182.40 that was just above the downside objective of 182.00 mentioned in my 08/20/15 newsletter article. A sharp reflex rally followed the drop, and the S&P 500 (SPY) finished the month of August down 6.26%. Damage has been done to the long term trend. Risk has increased and the 6 year bull market could possibly be over. A bear market might have started. The S&P 500 and many major averages are in the process of testing the lows of 08/24/15 trying to form a bottom, after the poor month of August and a wild start to September.

It’s a little early to know if the market will hold near or above the recent low or whether it will experience an additional leg down. Even some of the best companies and many investors lose big money. In the past a decline of over 20% or more only happens about once every 3 and 1/2 years, so it is possible as this bull market began in 2009.

With the longer term trend broken a big question is: could this turn out to be a historically significant bear market? As of now I don’t believe so but the near term action will give more clues. I do think more time is needed for a safer entry in case the lows are taken out and another leg down begins.

Recap of Key Insights from 08/21/15 Newsletter:

What is Happening Now

Short term MACD’s on many major averages are now oversold. Momentum patterns are improving as the market is testing the lows, but with the longer term trends now negative, more time for base building is necessary.

Intermediate and longer term patterns in MACD in the Healthcare and Biotech sectors are rolling over, (losing momentum) and are vulnerable to a further sell-off. The health care sector ETF (XLV) has broken the uptrend from January 2013 with the recent market weakness. Investors have large profits in this sector and might want to lock in some of their profits on any rallies. I continue to feel this is not a safe time to enter into new positions in the health care sector, a safer entry lies ahead.

The Financial Sector SPDR (XLF) fell below 24.00, breaking the weekly uptrend since May of 2012 and is now acting as resistance.

Energy, one of the weakest areas of the stock market reversed sharply with oil (USO) rallying 24% in 3 days, a rare historical event. This has been followed by more selling, giving up 10% as of this writing. Materials (XLB), is also testing lows. Both areas are still risky for the longer term.

International equities remain weak, including emerging markets (EEM) also testing recent lows. Many of these charts have lower highs and lower lows, not the ideal picture of a bottom in place. Risk remains.

The trailing 52-week new lows on the New Stock Exchange peaked at 1336 on 08/24/15, indicating possible panic selling. With the reflex rally, new lows are down to 100, but it would be better if they fall below 50 and stay there. The trailing 52-week new highs are single digits. One day on the decline there were 0 new highs! Companies that are making profits have been hit hard in this market, falling 20-30 %
or more.

Semiconductors (SMH) have rallied to below their support at 50.00, now acting as resistance. Semiconductors are a good sector to watch to see if they develop strength and close above 51.00, above the resistance.

Utilities were strong, with investors moving their money into more defensive sectors for safety. I was looking for a short term pullback which they had, but they are not acting right. Momentum patterns continue to weaken, not a good sign. This needs to be watched. The monthly trendline from the 2009 lows has also broken to the downside, turning the long term trend down.

The bond market didn’t rally when the stock market was falling hard and fast. This could be a sign of potential trouble ahead for the bond market.

The S&P 500 (SPY) as well as Apple had death-cross sell signals, joining the Dow Jones Industrial Average (DJIA). (Death cross refers to the situation when price falls below a 50-day simple moving average, and crosses below a 200-day moving average.) On 09/02/15, the Russell 2000 (IWM) also generated a death cross signal.

Small caps (ETF:IWM) are not leading the advance when the market rises intraday. Watch how the small caps react on rally attempts. If the small caps lag, this would not be a healthy sign for the advance to continue.

Volume patterns on the New York Stock Exchange and the Nasdaq did get oversold as the market fell. Monitor what happens on up days. If volume is increasing, that would be favorable. If the volume is less, investors are selling the rally and most likely further gains would be contained.

Volatility (VIX, a measure of fear) spiked to over 53.29. This is a very high reading: earlier in the year we were below 15. The VIX pulled back to 24.49 on the reflex rally and is now trading at 23.45.

Intraday volatility is to be expected during the next few months. The quiet days that we had early in the year are gone. Daily swings of 2-3% could occur much more regularly.

What Do The Charts Say?

SPDR S&P 500 (SPY) Weekly ETF (Top) and MACD (Bottom)

bgchart1 090415 lgThe top portion of the chart shows the S&P 500 (SPY) falling sharply and quickly penetrating support at 204.00, declining to its downside objective (lower channel) of 182.00 discussed in the previous newsletter.

The uptrend from January 2013 clearly has been broken to the downside, changing the intermediate trend from positive to negative. Major resistance if the market moves higher than I expect is 207.00, the area where the S&P 500 broke down from.

After a big decline like we have had, it’s normal for a re-test of the lows to take place within 3-6 weeks, a much safer entry. If the lows are violated now a more serious decline is likely to occur. Downside objectives are 1700, followed by 1600.

The lower portion of the above chart is the technical indicator MACD, (a momentum indicator) clearly showing continued declining momentum as the market moved lower. MACD is falling, now below 0, oversold and where meaningful rallies develop. No turn up in MACD has taken place, so any buying now would be considered bottom fishing and could be dangerous.

SPDR S&P 500 (SPY) Monthly ETF (Top), and MACD (Bottom)bgchart2 090415 lgThe top part of the chart at right is the S&P 500 (SPY) clearly breaking the monthly uptrend that was intact since 2011. The S&P 500 is now confirming the earlier MACD sell (lower part of the chart), joining other sectors of the market. With the trend unfavorable for the longer term, it will be harder to make money from the long side and it is possible more downside will occur. Time will tell.

Just To Sum Up.

The month of September is historically a weak month.

The S&P 500 and many major averages are in the process of testing the lows of 08/24/15 trying to form a bottom after the poor month of August. The S&P 500 (SPY) has shifted from positive to negative for the intermediate and long term trend.

As of 09/02/15 the market in general has stopped falling and is trying to form a short-term bottom and move higher. With the intermediate and longer term trend unfavorable, I am expecting the market to need more time to build a base and form a safer bottom that can sustain an upwards trend for more than a few hours, days or weeks. Momentum indicators are not signaling a safe entry now. Many other sectors are also in downtrends, and our models are not favorable. The market is not out of the woods yet and is likely to test the 08/24/15 lows in 3-6 weeks. If the low in the S&P 500 (SPY) is violated (182.40) expect another leg down to take place that could accelerate much lower, 170 followed by 160.00.

It’s not too late to evaluate your portfolio and reduce your exposure if you haven’t already, until the intermediate and long term momentum patterns are more favorable. Caution is advised.

I would love to hear from you! Any thoughts, questions comments, feedback. Please call me at 1-844-8296229 or email at bgortler@signalert.com.

*******Article in Systems and Forecasts September 4,  2015

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This is a hypothetical result and is not meant to represent the actual performance of any particular investment. Future results cannot be guaranteed.

Although the information is made with a sincere effort for accuracy, it is not guaranteed either in any form that the above information is a statement of fact, of opinion, or the result of following any of the recommendations made herein. Readers are encouraged to meet with their own advisors to consider the suitability of investments discussed above for their own particular situations and for determination of their own risk levels.

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The stock market has started July with a bang. Unable to gather any upside momentum, the S&P 500 (SPY) has broken below the March lows and the Nasdaq 100 (QQQ) fell below its May lows. The S&P 500 (SPY) has fallen outside of its yearly trading range and below its 200 day moving average for the first time since 10/20/14. Emerging markets (EEM) are at their lowest levels since 2012. New lows are increasing reaching 300 for the first time since December 2014. Speculative higher risk areas of the market, such as oil (USO), emerging markets (EEM), and semiconductors (SMH) have fallen sharply from their highs, no longer leading in relative strength and now weaker than the S&P 500. This is not a healthy sign for the overall market. Wild intraday swings of 2% or more are happening more frequenty
and could continue. VIX (an index that measures fear) is increasing and also has had large daily swings of 10% or more. If this continues, daily trading swings will be wider, potentially more opportunity for those who want to bottom fish. There is more risk, so if you are wrong, the market will be less forgiving.

Technical indicators for the intermediate and long term that I follow continue to give warning signals by MACD. Uptrends are being broken, that is not inspiring me to get overly optimistic about the market moving higher this summer. This is normally not the most favorable seasonal time for the stock market to show large gains. One positive that remains is the Nasdaq 100 ETF (QQQ) and the Financial ETF (XLF), mentioned in the 06/26/15 newsletter, reversed on this latest decline right above their key support levels 105.00 and 24.00 respectively. As of this writing these levels have held, but it would be bearish if these levels indeed are broken.

Key Chart To Watch Now:

NYSE Cumulative Advance Decline Line (Top) and NYSE 21 Day Rate of Change Net Advance Decline Line (Bottom) since 12/31/2009 

NY AD Line 7-6-2015 Newsletter

The top portion of the chart is the Cumulative Advance Decline Line of the New York Stock Exchange Index (NYSE) from 12/31/09, a running total of the number of stocks on the NYSE that rose minus the number that fell each day. Each day that you have net advances the line rises and is added to the previous total. Conversely, it falls when you have net declines for the day and is subtracted from the total. This is a stock market tool that I have used since the 1980’s in conjunction with other technical indicators such as MACD and RSI to analyze the internal strength of the stock market. When analyzed, these help see if the market is healthy and will rise further, or if the market might be vulnerable for a potential decline after a significant rise has taken place. Market tops are much harder to recognize or predict than picking a market bottom because market tops take a longer time for a bottom to form. If the stock market makes a high and the cumulative advance decline line confirms the high, many times a final top hasn’t taken place, and prices continue to rise or at least challenge the highs.

Notice that the cumulative AD Line peaked on 4/15/15, an advance warning of a peak in price that occurred two months later, with the S&P 500 making highs on 06/18/15. No new high has taken place in the cumulative advance decline line since then. In addition the uptrend from 12/13/2013 was broken on 06/16/15, not a good sign for the market. The good news is the long term trend is intact from 02/05/10. Until this line is broken, market declines will likely be contained, and the bull market is intact.

The bottom graph of the chart is the 21-day change in the advance-decline line. (NYSE advances minus declines). The 21-day change is an “oscillator” which crosses above and below zero, and which has ranged from roughly -16,000 to +16,000 since 12/21/09. Notice the 21-day change peaked on 11/10/2014, a clear warning sign showing downside momentum weakening. When the market rose early in 2015 the advance decline differential didn’t confirm the advance, meaning that fewer stocks were participating in the advance. This is one of the reasons that the market has gone sideways for most of 2015. The S&P 500 is only 4% from its highs. I will be watching to see if the 21 day rate of change stops making lows and starts to increase, which would be positive, or if it continues to stay negative, suggesting further loss of momentum and a continuation of the decline.

To Sum Up:

Wider trading swings up and down are occurring more frequently, raising anxiety levels for investors including myself. Our stock market timing models have changed to indicate risk is at its highest level of the year but will remain at least neutral-positive into next month. Market breadth indicators show signs that the market might have seen its peak. Risk of a further pullback is increasing with market breadth getting weaker, and more charts are showing momentum weakening. The decline in July so far has made the market oversold and a possible short term bounce could occur. The Nasdaq 100 ETF (QQQ) and the Financial ETF (XLF), mentioned in the 06/26/15 newsletter reversed on this latest decline right above their key support levels 105.00 and 24.00 respectively. As of this writing these levels have held, but it would be bearish if these levels indeed are broken. We are now at a critical juncture with more and more warnings signs being given. If the levels are violated, there is a good chance the trading range the market has been in this year would be resolving itself to the downside with the bears taking control. If you have not done so already, take a good look at your investments, and your potential risk. If the Nasdaq 100 (QQQ) and the Financial ETF (XLF) break below 105.00 and 24.00 respectively, I am recommending reducing your equity holdings by taking some money out of the market, and wait for chart patterns to improve and indicate a safer entry later in the year.

I would love to hear from you! Any thoughts, questions comments, feedback; please call me at 1-844829-6229 or email at bgortler@signalert.com.

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