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Value Line Arithmetic Average

May 07 2019

Divergence, Danger, And Delusion

  • May 7, 2019

The U.S. economy and blue chips have shrugged off the risk of the worst trade war since 1930’s Smoot-Hawley Act, while comparatively few stocks on either the NASDAQ or the NYSE have broken out to 52-week highs. There’s also the troubling talk of the Fed having tamed “the cycle.” Should investors bet on a potentially wild (but narrower) final melt-up over the next 6-12 months? We don’t like the odds.

Oct 07 2016

Charts: Beware Of Myopia

  • Oct 7, 2016

Despite a two-month stall in the blue chips, the breadth and momentum behind the market’s rally off mid-February lows remain hard to deny.

Oct 07 2015

Stock Market Observations

  • Oct 7, 2015

The August market break did not emerge from out of the blue. The foundation for the bear case was put in place many months before those four ugly days in late August.