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We regularly update our clients as to what we're seeing in the markets and overall economy, as well as provide some basic portfolio changes and updates we are making.  Stay tuned to learn more every two weeks!

Friday, November 11, 2022

The market has responded well to a hint that rates may have peaked, or "possibly" will begin to slow their upward trajectory with the recent CPI (inflation) reading, which came in slightly below expectations.  This is creating the belief...

Friday, October 28, 2022

The recent breakup in the market, which we've played, is at a turning point. For the very near-term, the market will either turn up or down. As you will see, the S&P 500 is right in the middle of its down- trending channel. As a result...

Thursday, October 6, 2022

As you will see that the bulls are making a move off of the bottom as illustrated by the S&P 500, but it is still very dependent on the direction of the 10-Year Treasury Yield and the Dollar - both of which are relentlessly climbing...

Thursday, September 29, 2022

Let me be the first to point out that no two bear market corrections are the same, but sometimes they can behave in similar fashions at various stages of a correction. Only time will tell as to how close they ultimately...

Wednesday, September 14, 2022

As referenced in previous market updates, 2022 has been and will continue to be a very volatile year - so stay buckled!  We will get through this, and in years to come, I believe we are in a time that will be viewed as...

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Wednesday, August 31, 2022

The S&P 500 took a punch to the gut after Fed Chair Powell promised to get inflation under control at all cost after last week's Fed meeting. Clearly the market did not take well to his tough stance. So where are we?

Friday, July 29, 2022

Okay - We're not tooting our own horn, rather pointing out how technical analysis can be predictive and productive. Looking at our prior Market Update post (2 weeks ago), you will see that we...

Friday, July 15, 2022

The S&P 500 continues its downward trend; however, is consolidating in a "wind up" pattern that will result in either...

Friday, July 1, 2022

The S&P 500 is still in a clear downtrend; however even "Bear Markets" have rebounds that can be significant.  For instance...

Friday, June 24, 2022

The S&P 500 is in a clear downtrend. There's no one denying that, and...

Friday, June 10, 2022

The May Consumer Price Index (CPI) report was released at 8:30am EST and it showed that inflation remains red hot and persistent. While expectations were for a rise of 0.7%, the number jumped up...

Friday, June 3, 2022

The S&P 500 has dropped below key support and is now retesting that level. So the million dollar question at this point is...

Wednesday, May 18, 2022

Wednesday, March 30, 2022

Thursday, March 17, 2022

Tuesday, March 1, 2022

Wednesday, February 16, 2022

The market went from trending up to now trending sideways. A consolidation of gains is not uncommon after a long up-trend. So now we're stuck in a sideways pattern that will eventually breakout to the upside or break down creating...

Monday, January 31, 2022

The S&P 500 is holding short-term support as indicators rise from extreme oversold levels. Our tactical portfolios, which follow short-term momentum signals, are starting to rotate back into growth stocks.

Monday, January 24, 2022

The sell-off in global equities has been persistent over the past week, which supports defensive positioning. We continue to raise cash and reallocate capital from growth stocks into value stocks.

Tuesday, January 18, 2022

Equities continue to slide as the 10-year Treasury yield broke above 1.75%. Therefore, we positioned portfolios toward value/defensive sectors, maintained some cash, and will monitor non-US stocks, commodities and currencies.

Monday, January 10, 2022

The pullback in equities occurred during a spike in Treasury yields last week, which is negative for growth stocks. Our indicators shifted to risk-off this week, and we positioned for upside in equal-weight SPY and value stocks.

Monday, January 3, 2022

Our indicators are in in moderate risk-on mode and we remain overweight healthcare. The S&P 500 faces initial resistance around $4,800, which means short-term upside could be limited. Equity returns tend typically narrow in January.

Monday, December 27, 2021

The S&P 500 reached an all-time high as year-end buying accelerated. Historically, equities tend to rally during the final trading week of the year and into early January. We remain overweight healthcare.

Monday, December 20, 2021

Volatility has been elevated over the past month, indicating a greater level of uncertainty among market participants. This is one reason why defensive sectors have outperformed recently, which we expect to continue.

Monday, December 13, 2021

The S&P 500 held support around its 100-day moving average along with improving breadth (more stocks starting to trend higher), although defensives such as consumer staples are outperforming. We remai selective with moderate risk exposure.

Tuesday, December 7, 2021

Our indicators continue to suggest a moderate exposure to risk over the short-term, although we are likely to take a more cautious approach heading into the new year.

Monday, November 29, 2021

Key Takeaway Global markets did not rest easy during the U.S. Thanksgiving holiday last week. The S&P 500 declined nearly 4% from an all-time high around $4,700, while the CBOE Volatility Index (VIX) spiked to its highest level since...

Monday, November 22, 2021

Key Takeaway The S&P 500 index remains in an uptrend, although less stocks are participating on the upside. This is seen in the percent of stocks trading above their 200-day moving average, which declined about 7% over the past two...

Monday, November 15, 2021

Key Takeaway The S&P 500 appears overbought after a near 5% rise over the past month. Our indicators shifted to moderate risk-on this week, although we will remain active on pullbacks given seasonal strength for equities. For now,...

Monday, November 8, 2021

Key Takeaway Precious metals, particularly gold, are starting to rise as central banks appear to be in no rush to raise interest rates. Despite plans to scale back asset purchases (quantitative easing), market participants view...

Monday, November 1, 2021

Key Takeaway November is typically a strong month for stocks. Therefore, we are positioned for seasonal upside in cyclical/value sectors based on historical returns. Consumer discretionary, transports, materials, and even clean energy...

Monday, October 25, 2021

Key Takeaway A majority of stocks in the S&P 500 have stabilized and are starting to trend upward. This is a positive development for the overall market, especially amid Q4 seasonal strength. We continue to deploy cash into...

Monday, October 18, 2021

Key Takeaway Global equities staged an impressive rebound from key support levels last week. Our indicators shifted to risk-on, which allowed us to deploy cash into sectors/stocks with relative strength such as materials, financials,...

Monday, October 11, 2021

Key Takeaway Value stocks are poised for further upside relative to the S&P 500. As a result, we are building positions in lagging sectors such as financials and energy. Consumer discretionary and small-caps are also improving relative...

Tuesday, October 5, 2021

Key Takeaway Stocks continue to slide as the market enters a seasonally volatile period. Historically, October tends to produce choppy trading conditions ahead of a seasonally strong November. Therefore, we are raising cash across...

Monday, September 27, 2021

Key Takeaway The 10-year Treasury bond yield broke above resistance at 1.40%, which could benefit value stocks relative to growth stocks in Q4. Our indicators suggest the risk-on rally is stabilizing after the volatility spike last...

Monday, September 20, 2021

Key Takeaway Global markets are under pressure, stemming from weakness in China’s credit market. The S&P 500 broke below the 50-day moving average, which was an important gauge of trend support this year. We expect short-term...

Monday, September 13, 2021

Key Takeaway The S&P 500 is testing uptrend support after a pullback last week. Our metrics indicate moderate risk-on positioning ahead of a seasonally weak period for equity markets. We have a mix of defensive positioning,...

Tuesday, September 7, 2021

Key Takeaway The CBOE Volatility Index (VIX) made a series of lower highs over the past year, supporting the market’s rise to all-time highs. Lower volatility (VIX below 20) is a positive sign for risk-on positioning, although we...

Monday, August 30, 2021

Key Takeaway Equities maintained trend strength in August and avoided breakdowns that would have triggered a shift to cash. Portfolios are positioned for relative strength in small-caps and other neglected areas of the market. The...

Monday, August 23, 2021

Key Takeaway The U.S. high-yield corporate credit spread is widening, which typically precedes downturns in risk assets such as equities. While our technical studies have not signaled an immediate shift to cash, we are starting to...

Monday, August 16, 2021

Key Takeaway The S&P 500 is holding technical support, driven by strong earnings growth and breakouts on the individual stock level. However, the uptrend in equities is narrowing, which could signal a seasonal pullback. We are...

Tuesday, August 10, 2021

Key Takeaway The 10-year Treasury yield is holding support above 1.20% as extreme short positioning in bonds recede. Typically, rising yields create opportunities in banking stocks, which benefit from higher interest income. Value...

Tuesday, August 3, 2021

Preparing for Seasonal Weakness Damanick Dantes, CMT Portfolio Director, Cannon Advisors Key Takeaway The S&P 500’s uptrend is narrowing and could enter a period of seasonal weakness. August is typically a mixed month, so...