Wednesday's message showed the PowerShares QQQ (representing the Nasdaq 100 Index) pulling back from overhead resistance at its late January peak. That suggested profit-taking in the technology-dominated QQQ and the rest of the market. It also suggested a retest of its 50-day moving average. Chart 1 shows that test taking place today. Since the QQQ led the market higher during its February...

The principle of confirmation is important to the application of Dow Theory. This principle asserts that the Averages, Dow Industrials and Dow Transports, should confirm each other when making new highs. In other words, both should make new highs to affirm the broad market trend. Failure by one results in a non-confirmation that reflects underlying weakness. Chartists can apply this...

After a massive run in 2017, the market has paused to absorb all the news of the tax package. I am reminded of other instances where the market sold off on good news, surprising retail investors. Stock markets usually lead the economy, but that does not mean that a little rock and roll won't happen along the way. When the $SPX was flying above a long term moving average by such an extreme...

THE Question Is this a correction within a bull market or is it the beginning of a bear market? That is THE question that everyone is debating and hoping to answer correctly. There's no crystal ball to know for sure the correct answer. However, the market does provide us clues if we're willing to look for them. Let's begin with the knowledge that roughly two-thirds of GDP is...

Most analysts would agree that overall, 2017 Q4 earnings were superb. For quite a while we saw one company after another beat earnings expectations and they were rewarded for those results as well. But recently, as the market has come under fire, responses to many earnings reports have been brutal. For example, last week MNST, BOX and JCP got slammed after disappointing the street. And WTW...

I confess! I'm messing with you a bit with respect to Action Practice #24. On the surface, the exercise is simply to allocate 100% of your funds, apportioned amongst each of the six asset classes. As a reminder, I've listed those six asset classes below, including their

I did a review of the monthly charts Wednesday and noticed a bearish bias. Today three new Intermediate-Term Price Momentum Oscillator (PMO) SELL signals arrived. The weekly PMOs crossed below their signal lines which triggered these signals. Weekly charts are presenting bearish characteristics. After looking at all three of these weekly charts, the main thing to notice are the rising