Jeff Clark's Market Minute Archives

The Action to Watch on 5/30

May 30, 2017 - 6:55 AM

It’s late night on Memorial Day. The last wine cork has been popped. The coals on the barbeque have gone cold. There’s a pile of pool towels dampening the tiles on the side of the Jacuzzi. And stock futures have just opened for trading – down one point. It looks like we’re going to start this week pretty much the same way we ended the last one: in a tight, lethargic trading range.

Keep an Eye out for Something Big Next Week

May 29, 2017 - 7:30 AM

The Crystal Ball Sees Danger Ahead

May 26, 2017 - 6:57 AM

The stock market ground to another new all-time high yesterday. The S&P 500 rolled right over the negative divergence that had built up on the intraday charts over the past three days, and closed at 2415. The bulls are in control. They have the momentum. The market can certainly press higher from here. But, I have to warn you… there’s danger ahead. Any further gains in the market in the short term are likely to be given back over the next few weeks.

The Action to Watch on 5/25

May 25, 2017 - 6:55 AM

It’s quiet out there… too quiet. The stock market continued its lethargic grind higher yesterday. The S&P 500 closed near an all-time high at 2404. But the unheard sound of champagne corks not popping was deafening.

The Action to Watch on 5/24

May 24, 2017 - 6:41 AM

Some days, there just isn’t much of anything new to say. This is one of those days. Stocks pressed higher again yesterday – though it was lethargic, tired action. The S&P 500 challenged the 2400 level and was turned back, closing at 2398. With the S&P trading above its 9-day exponential moving average (EMA), the bulls keep the momentum. Most technical indicators are neutral and grinding ever so slowly towards overbought territory. The Volatility Index (VIX) closed below 11 once again. It continues to warn of complacency.

The Action to Watch on 5/23

May 23, 2017 - 6:51 AM

If you had fallen asleep last Tuesday evening, and then just woke up this morning, you wouldn’t notice anything different about the stock market. You wouldn’t know the S&P 500 suffered a 43-point drop last Wednesday. You wouldn’t know about the three-day-rally since then that has nearly recovered the entire decline.

The Action to Watch on 5/22

May 22, 2017 - 6:41 AM

As I went through my chart review this past weekend, the first thing I thought of was, “Is it possible last Wednesday’s 1.8% drop in the S&P 500 was just a one-day correction – designed to shake out weak bulls, and get overly aggressive bears to make big downside bets just before the market blasts higher one more time?” After all, most of the technical momentum indicators never reached extremely overbought conditions. We never got a breakdown in traditional leading sectors like high-yield bonds and semiconductor stocks. And technical conditions quickly reached oversold conditions on Wednesday’s decline – which is why I advised my Delta Report subscribers NOT to add short positions into the decline.

You Won’t Hit a Home Run Swinging at Every Pitch

May 19, 2017 - 4:06 AM

Happy option expiration day. Longtime readers know I’m not a fan of establishing new trades on a Friday, right in front of a weekend. I’m even less a fan of trading on option expiration day. The potential for “funny business” is too great. So, instead of writing about the technical condition of the stock market today, let’s open up the mailbag and see what sort of comments were inspired by this week’s volatility. But first… a little background…

The Action to Watch on 5/18

May 18, 2017 - 7:08 AM

The Action to Watch on 5/17

May 17, 2017 - 7:06 AM

We’ve been looking for the stock market to make a significant, intermediate-term top sometime soon. Up until yesterday, though, the market hasn’t done anything to suggest a top was in place. High-yield bonds and semiconductor stocks – two market-leading sectors – have been holding up well. Most technical indicators remained in “neutral” territory, with plenty of room to push higher before getting overbought. And the S&P 500 continued to trade above the support of its 9-day exponential moving average (EMA) line.

Jeff’s intuitive feel for short term market swings and his strong protective discipline have allowed me to lock in thousands of dollars in gains where I might otherwise have just ridden the markets up and down.” -Chris, a reader and “seasoned investment advisor” from Seattle

Jeff -- your picks and analysis have been nothing short of amazing. I have traded the market for many years but I must admit, I have NEVER seen something this good.” - Mike H.

In only 2 weeks of using the service I’ve booked over $10K in profits. Needless to say I’ve paid for my membership.” - Tony J.

I started following Jeff Clark Direct about 3 weeks ago… I bought a small investment from one afternoon to the next morning. About 11AM I got out and made 8K in less than 24 hours.” – D. Tilghman