Tag "s&p 500"

S&P 500 Topping Update: Chasing Is A Dangerous Business

S&P 500 Futures Overview The S&P 500 continues to march upward to new record highs and unchartered territory. BUT this is not the time to join the euphoria and to disregard your risk management techniques. The current price of 2350 is only 50 points higher than my projected target discussed in my…

Investor Sentiment Indicators Suggest Near-Term Caution

The equity markets enter the second half of the first quarter sitting at new record highs. Stocks were supported last week by stronger-than-expected economic reports. Improving business conditions and the outlook for tax and regulatory reform are fueling confidence among investors, consumers and manufacturers. The popular averages have made a string of…

Stock Market Futures Trading Outlook For February 22

S&P 500 (INDEXSP:.INX) Considerations For February 22, 2017 Bullish action still holds with higher support today. We tested a new high and pulled back a bit, but charts hold steady.  Caution with breakouts are still advised and looking to support zones to initiate longs remains the best bet for risk averse trading. Buying pressure will…

S&P 500 Valuations Highest Since 2002… But Does It Matter?

his post was written by Derek Benedet of Richardson GMP. The S&P 500 (INDEXSP:.INX) is now trading at 17.7x consensus estimated earnings for the next 12 months. That is the highest valuation for the S&P since 2002, over 14 years ago. But should we care? In this edition of the…

Investing Strategy Outlook: Cyclical Rally Gains Broad Support

S&P 500: The Path of Least Resistance Remains Higher The weight of the evidence suggests that the benefit of the doubt remains with the bullish case. This does not mean that the way forward will necessarily be smooth, but for now the path of least resistance remains higher. Stocks have been…

Stock Market Futures Trading Outlook For February 17

S&P 500 Futures Trading Considerations For February 17, 2017 Bullish action still holds but drifts into higher support should be ‘business as usual’. Pullbacks will still be bought – the chart is not exhibiting anything that suggests collapse. However, the S&P 500 (INDEXSP:.INX) are due for a test of support today…

Stock Market Update: Sell Signals Warn Of Trend Reversals

The market continues to push upwards, though with less breadth and magnitude than seen in recent days. Today, the S&P 500 (INDEXSP:.INX) is driving closer to 2350, and the Dow Jones Industrials (INDEXDJX:.DJI) 20,600. While the Media talked about indices scaling further into new highs territory (which was certainly true), though, prices…

Investor Sentiment Polls Study: Careful Using Indicators In Isolation

During the bull market of 2002 to 2007, I noticed something very interesting with respect to the American Association of Individual Investor’s (AAII) poll. The investor sentiment trend of this poll was getting more bearish as the S&P 500 (INDEXSP:.INX) rally and cyclical bull market aged. I said to myself, and…

Should Investors Be Concerned About Market Breadth?

All things being equal, during a healthy rally, we prefer to see a high number of stocks participate in the move (strong market breadth). In recent weeks, you may have come across something similar to the MarketWatch headline below: Market breadth can be tracked in numerous ways. One of the…