It's Not Just Like 1999 All Over Again, BUT That's Not a Reason To Become Complacent
First, I just want to reiterate what long-time readers already know. We always try to provide comments from both sides of the bull/bear ledger each weekend…while still letting people know which side of that ledger we stand on at any given time. Also, our goal is to focus on what others are not focusing on…and when we do talk about the mainstream issues, we try to speak to them from a unique angle.
Also, I just want to let you know that I will be taking the second half of next week off…to visit my father for his 94th birthday (this coming Thursday). My siblings and I (and all of Dad’s grandchildren) are very lucky to still have him….especially since he’s as sharp as he was when he was 44! Dad misses our Mother greatly, but thankfully, he is in a great spot and gets many visitors each day. However, it’s still great to be with him on special occasions!!!………Given my trip, there will be no weekend piece next weekend. Thank you very much.
Table of Contents:
1) Good earnings next week? Maybe, but many stocks are overbought, so stay nimble!
2) The divergence between the bond and stock market that has developed should be getting a lot more attention.
3) If the rails, truckers, and homebuilders can keep rallying, it’s going to be very bullish for the broad market.
4) Is this 1999 all over again. Probably not, but that’s not a reason to be complacent.
5) Updates on the charts for the S&P 500, the NDX 100, and the Russell 2000.
6) The energy stocks are poised to outperform going forward, Part II.
7) DIS’s fundamental picture stinks, BUT it’s chart is signaling a possible breakout!
8) Watching the XLY and Visa…in case the consumer starts to falter.
9) Tom Brady for President!…(However, Larry Bird, Bobby Orr, or David Ortiz will do.)
10) Summary of our current stance…..(Raise at least a little bit of cash.)