Posts From Chris Ciovacco

Chris Ciovacco
Chris Ciovacco graduated summa cum laude from The Georgia Institute of Technology with a co-operative degree in Industrial and Systems Engineering. While at Georgia Tech, he gained five years of valuable experience at IBM. Chris also worked for the Georgia Tech Physics department as a teaching assistant leading an undergraduate lab. After accepting a position with Morgan Stanley in Atlanta, Chris received extensive training which included extended stays in NYC at the World Trade Center. After five years at the large wire house, he founded his own money management firm, Ciovacco Capital Management (CCM), in late 1999. His areas of expertise include technical analysis and market model development. CCM’s popular weekly technical analysis videos on YouTube have been viewed over 600,000 times. Chris’ years of experience and research led to the creation of the thoroughly backtested CCM Market Model, which serves as the foundation for the management of separate accounts for individuals and businesses.
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Low Rates / Inflation Provide Fundamental Tailwind For Stocks

  Lower Rates Longer When interest rates are low and economic data is improving, stocks and the S&P 500 (INDEXSP:.INX) typically get an added opportunity-cost boost relative to bonds. From The Wall Street Journal: “Leaders of the world’s largest central banks indicated that weak inflation in advanced economies could prolong the post-crisis…

[VIDEO] Stock Market Update: Where The Big Money Is Made

The stock market continues to make new all-time highs and investors continue to scratch their heads. There’s plenty of room for a pullback, but the broader trend of the market is bullish and moving higher. Beyond that, it is our job to look at the macro picture and discuss the…

Fact vs Fiction: Debunking Myths About This Bull Market

Investors have a lot of opinions about this bull market. And many have had the same bearish opinion about the stock market for several years and hundreds of points on the S&P 500 (INDEXSP:.INX). “The stock market can’t go any higher”.  Heard that one before? Or how about “stocks are…

Investors: Is A Bear Market Around The Corner? [VIDEO]

For the past several months, investors have pointed to stock market (over)valuations and coming crashes. Over and again. But even with skepticism running high, stocks have pushed higher and higher. At present, the S&P 500 (INDEXSP:.INX) and the major broad stock market indexes are at all-time highs.  Is this bull…

Is A 1929/1987-Like Crash Imminent?

A Logical Comparison Before we compare 2017 to 1929 and 1987, it is helpful to understand our frame of reference in the context of sound decision making. From the Harvard Business Review: Bad decisions can damage a business and a career, sometimes irreparably. So where do bad decisions come from? In…

Investing Update: Market ‘Tells’ and Studying Like A Pro Coach

Professional Coaches Study The Game And Their Opponents Successful coaches in any sport break down film to better understand the small details that lead to long-term success. The same principles can be applied to the financial markets, trading, and investing. Michael Lombardi, who worked with NFL coach Bill Belichick for…

Market Breadth Indicators Remain Bullish For Long-Term Investors

Volume-Based Market Breadth Indicator Still Constructive The chart below shows up/down volume for the NYSE Composite Stock Market Index (INDEXNYSEGIS:NYA), along with its 50-week moving average (thick blue line). The chart is dated August 28, 2017.   Some Historical Perspective Notice how all-things-being equal, the probability of bad things happening…

7 Bearish Signs For Stocks… And Why The Sky Isn’t Falling

Scary Things About The Stock Market There is never a perfect time to invest in the stock market. There is always something concerning on the technical, fundamental, and political fronts…. always. There are many “reasons stocks are in big trouble” lists floating around in 2017, including “7 signs the stock…

How Concerned Should Investors Be About North Korea?

North Korea and the Stock Market Tension between the United States and North Korea should always be taken seriously and is relevant to our investments. However, it is prudent to evaluate present day circumstances in the context of geopolitical and market history. The chart below looks at the S&P 500…