Douglas Gammons Blog | Talkmarkets | Page 1
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 ... more

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Signs Of A Fake-Out Rally?
Last week, I said that a new short-term uptrend had started on Friday, May 7, but that was a bad call. However, a week later on Friday, May 14, a new short-term uptrend has started. In other words, watch for signs that this is another fake-out rally.
EC A New Uptrend Already?
A downtrend is definitely over when the SPX hits a new high in bullish fashion, as it did on Friday.
May Brings A New Short-Term Downtrend
I can't believe it's May already. I think we have a new short-term downtrend as of Friday, although I wouldn't be surprised to see more choppy, sideways market behavior. This has been a really tough market to follow.
The Market Was Ready To Turn, But It Didn't - Or It Hasn't Yet
The short-term uptrend continues. Based on the past week, it looked like the market was ready to turn down, but it never did. Or it hasn't yet.
EC Respect The Risk In The Market
The SPX bullish percent is well into the "raise cash" range. It doesn't mean sell everything, but it does mean that it is time to respect the risk that the market might move lower.
Short-Term Cycle Nearing Top
The short-term trend continues higher although it is weak and listless in most areas of the market ... with the exception of the mega large-cap stocks.
VIX Favors Higher Stock Prices
On Thursday, the market felt like it had gathered quite a bit of strength, but with the huge jobs report Friday morning, who knows what will happen Monday morning.
Be Prepared For Whipsaw Trading
A short-term uptrend started on Friday, March 26. Not all the indicators agree that the trend is higher, and, as a result, we need to be prepared for the possibility of a bad signal.
A New Short-Term Downtrend Began
I believe a new short-term downtrend began on Friday, March 19. The PMO stalled out this past week below the top of its range, and it has now turned lower. There was a similar period of weakness in January which whipsawed the PMO.
Overheating Economy And Inflation
The ECRI index continues to tick higher, pointing to economic growth. Is it worrisome that this index continues to tick higher and higher? Is this index pointing to an overheated economy four to six months from now?
Downtrend Snaps Market Back To Reality
What a week, and what a Friday. It looks like we had an oversold key reversal on Friday, but we need to wait at least until the end-of-day Monday to get some confirmation signals that a new uptrend is beginning.
Not Like Most Downtrends
The short-term downtrend continues, although the PMO index is near the bottom.. This trend isn't like most downtrends because it is as much about rotation as it is about selling. Rates spiked higher on Thursday, and that brought down stocks.
A New Short-Term Downtrend
It looks like a new short-term downtrend started on Thursday, however my confidence in this new downtrend is low because of the market strength on Friday that occurred. The 10-day call/put ratio looks to be confirming the new downtrend.
The Short-Term Trend May Have Room To Run Higher
The short-term uptrend continues, but the PMO has moved quickly from the bottom of its range to the top of its range. With the PMO at this level, the time for aggressive buying has passed.
Uptrend May Be Short And Choppy
Excessive bullish froth eased just a bit last week, but it is still way into the upper end of the range. The market has continued to rise despite this excessive bullishness, but I don't think it means that we should ignore sentiment.
Market Due For A Downtrend
A new short-term downtrend started this past week on Tuesday. A lot of people are blaming the selling on the crazy short-covering of GME​​​​​​​, but I think the market was due for a downtrend.
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