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In my previous blog post, I said that indecision and choppy price action near the highs “is often a warning sign that a substantial pullback may be just around the corner (especially when combined with higher volume selling in the broad market).” Fast forwarding two weeks later, stocks have indeed slid lower, weighed down by continued distribution (higher […]

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Two weeks ago, day-to-day volatility, indecision, and choppy price action in the stock market started picking up substantially. When indecision and choppy price action starts appearing after an extended rally, it is often a warning sign that a substantial pullback may be just around the corner (especially when combined with higher volume selling in the broad […]

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With our market timing model remaining in “buy” mode, our current focus primarily remains on leading individual stocks. Tesla ($TSLA), for example, is now showing an unrealized gain of 68% since our December 31 buy entry in The Wagner Daily newsletter. SolarCity ($SCTY) is similarly up 56% since our December 19 buy entry. However, despite […]

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Because my strategy is focused on trend trading the momentum of leading stocks, I generally avoid the short side of the market whenever my market timing model is on a buy signal (as it presently is). However, this is not always the case with ETFs (exchange traded funds). Since ETFs come in many flavors of asset classes, […]

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Over the past few months, PowerShares Aerospace & Defense ($PPA) has shown great relative strength to the benchmark S&P 500 Index. On the daily chart below, notice that $PPA has broken out twice over the past few months, setting higher highs and higher lows along the way. During that same period, the S&P 500 SPDR […]

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After last Wednesday’s (September 18) surprise Fed announcement on economic policy (no tapering), all the main stock market immediately indexes sprinted to fresh multi-year or all-time highs. However, that afternoon’s bullish knee-jerk reaction faded quickly, causing both the S&P 500 and Dow Jones Industrial Average to wipe out all their Fed-day gains (and then some) just […]

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For the past six weeks, the NASDAQ Composite Index ($COMP) has been uneventfully oscillating in a sideways trading range (a 3% range from the upper channel resistance down to lower channel support). However, we have identified three highly reliable technical indicators that point to a strong likelihood of the NASDAQ soon breaking out to a […]

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Over the past few weeks, a vast majority of stocks and ETFs have been selling off alongside of the broad market. Exceptions in the realm of ETFs have been mostly limited to select commodity ETFs, such as precious metals and oil/gas. We remain long and bullish on ProShares Ultra Silver ETF ($AGQ), as well as […]

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