Sunday, July 17, 2016

#Stock Gurus Likely To Confuse More Than Help In Years Ahead

News
A high level of skepticism towards stocks means they're nowhere near their highs. Those following gurus rather than the message of the market will either miss the bulk of the move coming or flip their positions so many times they'll likely erode what little performance they have. Bulls buy focused bull opportunities in bull phases, bears sell focused bear opportunities in bear phases, and both reduce positions during periods of consolidation/profit-taking. The computer, a follower of the message of the market and ignorer of headlines, defines these trends for subscribers (Review of #SP500, #SP500 Chart, Review of Sentiment).

Headline: Stock market's moonshot to record highs is all hype, Cornerstone's Worth says

S&P breakout or fake out? S&P breakout or fake out? Monday, 11 Jul 2016 | 5:31 PM ET|05:01 Even as stocks hit record highs, one technical analyst says that the rally is not all it's cracked up to be.

By Friday's market close, the Dow Jones Industrial Average closed a five-day streak of record highs, while the S&P 500 Index posted a four-day record of closing highs.

Many investors flocked to stocks during the rally, while big bank earnings and strong retail sales data drove stocks higher. However, Cornerstone Macro's Carter Worth says that equity performance has actually been rather disappointing.


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