Analyst Articles

RASI: Index Continues Higher – DJIA Follows

RASI rose almost 22% this past week, from 557 to 678. It is now within hailing distance (18%) of overhead resistance at 800. Question is: If the Index reaches 800, will this turn out to be a Triple Top or will the Index break through with aplomb and continue its journey higher? [more]

Chart-of-the-Day

S&P 500 Index Reaches All-Time High

Three Cheers for the S&P 500 Index, which on Monday established a new all-time high. It remains to be seen if the SPX can “drag” other key indexes such as the DJIA, the NASDAQ Composite, and the Russell 2000 also into new all-time high territory. [more]

Market Insights

Top Ten Portfolio Essentially Range-Bound For October

The Portfolio is struggling to gain traction. Its current value is about where it was at the beginning of October. Only five of the nine stocks are profitable although only one of the four losers is decidedly so. The present bevy of stocks is up only 1.2%, and it has been trading profits that have served the Portfolio so well to date. [more]

Analyst Articles

RASI: Index Pushes Through Two Key Resistance Levels

With significant bullish undertones, the RASI has climbed back above two critical resistance levels. In this past week, the Index rose above both the extended down-trend line and the benchmark 500 level. If the Index can maintain itself above these levels, then its next test is at 800. [more]

Economic Insights

Recession Barometer – U.S. Reading Continues To Fall

Canadian interest rates rose sharply last week while U.S. rates stayed fairly constant. Spreads in both countries widened, moving away from Inversion. This lessens the possibility of an Economic Recession occurring in the USA. Canada is already on Recession Watch. [more]