We have been light on the mic recently with updates. That’s simply a function of there not being much to alert you to. No news is good news, right?! However, something did occur in the data yesterday that we want to bring to your attention. Read more »
Our MAP ratio for the Energy sector triggered an overbought signal. Looking back at history, these signals have been powerful predictors of pullbacks. Read more »
Our MAP ratio for the U.S. market triggered an overbought signal. Looking back at history, these signals have preceded large drops in the market. Basically, institutional buying is too high and unsustainable. We expect the market could be primed for a pullback, or the velocity of the recent rally could slow. We are long-term bullish… Read more »
It has been quite a while since I wrote anything other than my usual MAP VIEW commentary, “institutional buying continues to outstrip selling…” talking points. In fact, it’s been practically a year since any unusual selling has occurred. Read more »
As stated in the body of this week’s MAP View, “The 2 things we are on the lookout for in the coming week are any signs of buying and/or any exhaustion of selling. We are bullish on equities long-term and see pullbacks, like we are witnessing, as buying opportunities once the storm passes.” Today’s… Read more »
SUMMARY: Caution, speed bumps ahead. Below we are attaching yesterday’s message as we believe the markets should see further downside. As a follow-up to yesterday’s email – Our ratio dropped to 42.6% this morning and now, based on our data, suggests we should be in for more downside in the market. This, however, will be… Read more »
Our MAP ratio for the Energy sector triggered an overbought signal. Looking back at history, these signals have indicated extensive institutional buying, which is unsustainable. We expect the Energy sector to pullback and bearish action is ahead. A couple of points of reference: The average 6-week return for the Energy sector post the… Read more »