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Technicals

Dec 06 2019

A Tough Tape To Read

  • Dec 6, 2019

Over the nearly two years since the stock market’s “momentum” peak in January 2018, the S&P 500 has gained less than 9%, while the Value Line Arithmetic Composite is unchanged. Mid Caps and Small Caps have made no upside progress during this period and most foreign markets are down.

Oct 07 2014

“Averages” Conceal Plight Of The Average Stock

  • Oct 7, 2014

September’s small S&P 500 loss of less than 2% disguised a significant breakdown in the “average stock.” In fact, the S&P 500 has been tougher to beat than at any time since the Tech Bubble.

Oct 07 2014

Breaking Bad

  • Oct 7, 2014

While we’ve noted that damage to any capitalization-weighted stock market measure has so far been limited, three of the five major indexes shown in this chart have nonetheless broken below the major trendlines drawn off their 2009 bear market lows.

Apr 05 2013

Q1 Review of Group Selection (GS) Scores

  • Apr 5, 2013

After a recent rough patch due to a multitude of factors (macro driven markets, high correlations, etc.), our domestic Group Selection (GS) Scores started seeing more consistent performance during the fall of 2012. This continued through the first quarter of this year, with the Attractive to Unattractive return spread at +3.0% year-to-date.

Sep 03 2010

The 1974-1982 Template For Recovery

  • Sep 3, 2010

Current market recovery continues to track the post 1974 bear market recovery quite closely.

Apr 05 2010

Bull Market Milestones: How the Current Bull Stacks Up to Past Cycles

  • Apr 5, 2010

This month’s “Of Special Interest” examines the characteristics of past bull market recoveries. Using a variety of historical comparisons, the current recovery is put into some perspective. The majority of these comparisons seem to indicate the current recovery still has a ways to go.

Apr 05 2010

Using A Few Bear Arguments To Make A Bullish Case

  • Apr 5, 2010

Doug Ramsey utilizes several bear market arguments to build a bullish case. Rising Interest Rates, Overbought Market, Low Volatility, and Low Trading Volumes, can all be looked upon in a BULLISH light.

 

Feb 04 2009

Positive Technical Trends

  • Feb 4, 2009

While there is plenty to worry about, some important technical trends still suggest that November 20, 2008 stands a good chance of being the final low of this bear market.

Dec 02 2008

Technical Comment: Momentum “Divergences” Are Now In Place

  • Dec 2, 2008

The November leg down in stocks was brutal. However, from a technical perspective, the decline was accompanied by the kind of  “positive divergences” that typically appear at major lows.

Dec 04 2002

Steve The Technician

  • Dec 4, 2002

Last month, we had a request for technical readings on the major market indices. Being a long time card carrying member of the Market Technicians Association, I decided I should oblige.

Oct 05 1999

October: The Month Of Market Train Wrecks

  • Oct 5, 1999

Steve thinks too many people are looking for an Octber train wreck for it to happen, maybe in November. Market currently very short term oversold.

Sep 08 1998

Major Stock Market Positives and Negatives

  • Sep 8, 1998

Steve’s personal judgements and opinions incorporating observations, experience and gut feelings, going beyond the quantitative aspects of the Major Trend Index disciplines.

Jul 04 1998

Should We Believe It This Time?

  • Jul 4, 1998

On June 22, clients received an Interim Memo noting that our composite Major Trend Index had slipped to Negative status. The subsequent calculation lost a few more points and remains marginally negative.

Jun 05 1992

Coming: The Golden Years for Stock Market Timing

  • Jun 5, 1992

On the evening of May 14th, Steve Leuthold was the keynote speaker at the 17th annual Market Technicians Association Seminar in Naples, Florida. What follows is a slightly edited version of his speech and the charts and tables used in a workshop on the following day.

Dec 06 1982

Integrating Fundamental and Technical Analysis

  • Dec 6, 1982

Steve Leuthold’s December 7th speech at a joint seminar sponsored by the New York Society of Security Analysts and the Market Technicians Association. Who says oil and water don’t mix?