Frequented Asked Questions:
The VIX is near historical low levels and...
Michael "tiny" Saul from Attack The Markets discusses the stock market and gold.
I have been telling people to take money off of the table and build some cash reserves for several weeks now, but most people do not think my warnings are valid.
Yesterday the stock market fell, but S&P 500 held short-term 2020 support level.
In this podcast Ike and I discussed money flow data for the S&P 500 and mining stocks.
I interviewed Ike last in January and I wanted to get his take on what he sees in the markets now and what his indicators are telling him.
I interviewed Ike several times last year and wanted to get his take on what he sees in the markets in 2015 and what his indicators are telling him.
You may find this up and down action to be very confusing. But if you step back and look at the chart it's easy to see what is happening.
We talked about the big trends impacting the market now and what we are both keeping our eye on in the charts. This broadcast was part of This Week in Money.
Dave talked about the big runs seen recently in biotech and tech stocks and what appears to be the start of a new bull market in gold and mining stocks.
I think you'll be interested to see what sectors are now leading the market and which ones are now doing poorly and are essentially in bear markets right now.
Bloomberg estimates that all together investors took out $38.8 billion from the gold market in 2013.
I just did this interview with Ike Iossif of marketviews.tv about his views on the stock market right now and what his indicators are showing.
So you can see in this chart how in past bottoms the VIX jumped above its upper 200-day Bollinger Band and then had a key reversal day - a day in which it went up a lot during the day and then fell to close in the red.
The Baltic Dry Index which tracks shipping rates is starting a new bull market. It has really been in a bear market since 2008, but jumped up in 2009 and then collapsed again at the end of 2011 in the "euro crisis.". Since then it has formed a stage one base and broken out of that base in the past few weeks.
I just did this podcast with Jeff Pierce of www.zentrader.ca.
In this podcast Jeff and I talked about the rally in the DOW, Nasdaq and strong trending stocks and sectors in Japan, solar stocks, and chemical stocks that are making for good short-term trades. We also talked about gold.
I just did this fascinating interview with Ike Iossif of marketviews.tv.
Ike interviews many people each week for his Marketviews.tv website, including myself, and has them categorized by methodology. These people are many of the top thinkers and traders when it comes to the financial markets, such as people like Frank Barbera and Dan Zanger who turned less than $30,000 into millions in less than a year.
The stock market is at an expensive valuation. Of course this means nothing in regards to what the stock market may do tomorrow, next week, or next year. It means nothing when it comes to trading the market, but it means everything if you want to invest now and hold something for a few years.
I take this as evidence that the stock market is not on the verge of some huge correction or crash right now. If the market is going to have one this year, and usually it does have at least one 10% correction every year, it would have to first be preceded by weeks of sideways action to form a top.
I just did this podcast with Ike Iossif of www.marketviews.tv. In this interview Ike talked about the recent action in the VIX, how his intermediate-term indicators remain bullish, and the time risk that may be involved in the next bear market when it comes that no one is talking about - let alone thinking about.
Yesterday was another nasty day for the stock market as the DOW fell 185 points. The stock market has been in a correction since September within a cyclical bull market that began in 2009. We have seen corrections like this before as they have happened at least once every year for the past three years. The last time one happened was back in the Spring when the market peaked in March and made a bottom in June.
Looking at the short-term trend I don't like the action of the past few days. After a big dump like we saw on the 330 point DOW down day last week normally you see the stock market make a big bottom or else pause a few days and then drop again. It seems like the latter is more likely. Yesterday the S&P 500 was even while the VIX fell over a point. That is the type of action you see during a correction that makes it look like it is not over.
Yesterday the DOW dumped over 200 points and the VIX got near 20. The put/call ratio went above one again and the ratio of down to up volume on the NYSE reached 95% for most of the day. Yes this is more panic selling. The fear is also showing up in investor surveys and even emails I'm getting from people now. This morning's Investors Intelligence poll shows that the number of bulls fell again in this past week while the bears have gone up. The numbers now stand at 41.5% bulls and 27.7% bears.