Douglas Gammons | TalkMarkets | Page 4
Retired
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Retired software engineer turned writer/investor and owner of HeadlineCharts. I am not a registered investment advisor. My comments reflect my view of the market, and what I am doing with my accounts. The analysis is not a recommendation to buy, ...more

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The Short-Term Uptrend Continues With Large Price Swings
The short-term uptrend looks set to continue, although with some large swings in price for the major indexes.
Last Week's Short-Term Uptrend Continues With Surprising Strength
The short-term uptrend that started Jan. 6 appears set to continue. This is a powerful uptrend that has caught people off guard. However, the PMO index is now at the top of the range, which means that the best time for purchases has passed.
A New Short-Term Uptrend May Have Started On Friday
It looks like a new short-term uptrend started on Friday, although the PMO index hasn't turned higher yet. So, we should consider the rally unconfirmed for now.
Keep Watch For The Next Short-Term Uptrend
The short-term downtrend that began that began in early December looks set to continue. The downtrend has now been in place long enough that it is time to watch for the subtle signs of the next short-term uptrend.
The Recent Short-Term Downtrend Continues
There was a bit of buying in the market on Tuesday and Wednesday, but then a flood of selling was seen on Thursday and Friday. So, the short-term downtrend that started on Dec. 6 seems set to continue.
A Short-Term Downtrend Started On Weak Volume
Volume has been weak so far in December, and with the holiday approaching, it is likely to remain weak. With such low volume, there is very little enthusiasm to buy stocks, but there's also very little interest in selling either.
Stock Market Commentary: Headline Charts
The SPX has moved up to its downtrend line, and this is where you have to watch carefully for signs of market weakness. The VIX is indicating it's time for short-term caution.The medium-term trend is higher for treasury bond prices.
The Best Time To Buy Stocks In The Short-Term Has Passed
Looking at the short-term trend, the rally that started mid-October continues to chop and stair-step higher. So, even though it is a favorable seasonal period for stock prices, the best time to buy stocks in the short-term has passed.
The Short-Term Uptrend Continues Despite Uncertainty
The short-term uptrend appears set to continue, although it has been looking wobbly. The PMO has turned down, but it doesn't seem quite ready to move much lower yet.
The Short-Term Downtrend Continues Amid Market Turmoil
The short-term downtrend continues. It looked like the start of a rally on Thursday, but Friday's selling wrong-footed the buyers. The PMO has risen a bit during the market turmoil, so we know there are at least some stocks that aren't being sold.
The Short-Term Downtrend Continues Despite The Rise
The short-term downtrend continues despite the rise in the PMO index starting last Wednesday. I made a few stock purchases early in the week thinking that I was buying the market dip, but by the end of the week, most purchases had been stopped out.
The Market Is Gripped By A Bear
We all know that the market is very oversold and that sentiment is at a gloomy extreme. There isn't any doubt that the market is gripped by a bear. The only doubt is about whether the rallies can be traded or not.
A Significant Shift In Sentiment Was Seen
It feels as though there was a significant shift in sentiment this past week. Before Wednesday's Fed meeting, market participants were fearful but skeptical about what the Fed has said it wants to do with rates. However, by Friday, attitudes shifted.
The August Downtrend Is Still Intact
Last week I thought we might be seeing a new short-term uptrend, but it turned out to be a bad call, so the downtrend that began on Aug. 19 is still intact. However, it didn't surprise too many people to see the market bounce and then reverse lower.
Caution Is Called For In This Short-Term Uptrend
The general market turned higher this week, and we are now in another short-term uptrend. The PMO index has not posted a white candle, so I would consider it to be an unconfirmed uptrend for now, and this means that a little caution is called for.
The Short-Term Market Downtrend Continues
The short-term market downtrend continues. The PMO index turned red early last week, confirming the downtrend signal. Now the PMO is very close to the bottom of its range, which signals that the best time to take partial profits has passed.
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