The Sanctimony Factor

Over the years, a new factor has emerged when attempting to measure investment suitability, which has little to do with balance sheets, forecasts or indicators.  That factor can be generalized as the  "social responsibility" component.  We recall some of the original victims of socially correct investing which included tobacco and oil companies as well as … Continue reading The Sanctimony Factor

Markets Continue to Advance: Search For Relative Strength

As postulated in our last post, the major stock indices have managed to claw their way back after the climatic sell off in February.  While you can never be precisely sure about the reaction of markets after a dramatic move, historical precedent can provide clues as to what is likely to happen.  In general, if … Continue reading Markets Continue to Advance: Search For Relative Strength

Now What?

Following an extended period of prices steadily ratcheting higher, the stock markets finally collectively hit some wild turbulence.  The speed and ferocity of the past week's decline was alarming particularly because over the past 2 years, people have been lulled into believing that a steady, low volatility advance was the new normal.  In fact, it … Continue reading Now What?

AAPL Inflection Point

In the very recent update on AAPL, we opined that the trend on the stock appeared intact and unless some indicators showed divergence, we would have to default to being long.  In the weeks since, we've observed some interesting price action on this stock shown by the charts following. (charts by stockcharts.com) Quite a few … Continue reading AAPL Inflection Point

That Was Then, This Is Now Part 3

Part 3 of the Dow review MSFT Forecast:  "..$62.14 Microsoft was one of the steadiest performers of the Dow in 2016 with price action consistently showing a higher relative strength than the S&P. Despite the steady advance all year, the SCTR still remains high at 78 and looks very strong. The PNF chart shows a … Continue reading That Was Then, This Is Now Part 3