WINNERS AND LOSERS - 2020'S BIG DIVERGENCE The stock market in 2020 is now an ongoing story of a great divergence between winners and...

IS THIS 2008 REVISITED? The chart below of new Covid-19 cases shows that the uptrend that was in place since early March appears to have...

BUY THE WINNERS, SELL THE LOSERS. After scanning the wreckage of the past 7 weeks, TPA believes it is time for clients to focus on the...

Below, we run quickly through TPA’s comments and the market action during the bloodletting in March. Then TPA explains that clients...

DATA IMPROVES SHORT TERM – WATCH FOR SUSTAINED IMPROVEMENT AND PRICE ACTION Futures are up over 3% this morning as the Covid-19...

STOCK BUYBACKS – HERE WE GO AGAIN U.S. firms have been the biggest incremental buyer of stocks in each of the past four years, with their...

As TPA discussed in yesterday’s World Snapshot, a small percentage of U.S. stocks have managed a 50% retracement from the huge decline in...

THE 24 HOURS COVID-19 NEWS CYCLE IS A SYMPHONY OF PANIC. As we write this, there have been 681,706 cases and 31,882 deaths worldwide and...

The market has had a great 2-day rally, but the Coronavirus will be with us for a while. It is time to go back to stocks that...

ETFS CREATED AN UNSTABLE MARKET! There is ample evidence that ETFs have reduced liquidity, added to volatility and, possibly, exacerbated...

TPA INTRODUCES – VOICE - MEASURING THE EPIDEMIC IN MARKET VALUE LOST In an attempt to get an objective and relative view of what is...

THE LONG TERM TREND IS OVER – A NEW PARADIGM The S&P500 is down 26.1% YTD and 29.5% in the last 18 days. Covid-19 represents the worst...

STOCKS HAVE RARELY BEEN THIS OVERSOLD & WHY S&P500 2500 IS CRITICAL Stocks have rarely been this oversold. TPA monitors the percent of...

HAVE ETFS CREATED AN UNSTABLE MARKET? There are implications that ETFs have reduced liquidity, added to volatility and, possibly,...

THE MARKET IS VERY OVERSOLD, BUT ALSO TECHNICALLY VERY WEAK Russell 3000 is down 19.4% in 13 days and its 14-day RSI is 26. The Russell...

10 YEAR YIELD BELOW FED FUNDS – A POSSIBLE DANGEROUS HISTORICAL PRECEDENT Of course, there are a lot of moving parts, but the 10 Year...

PG – clients should consider starting to sell PG at 121; up 2.3% from TUE 3/3/20’s close (S&P500 future are up 2.35%). PG fell below its...

THE FED IS IN A HISTORICALLY TIGHT SPOT The FED’s move yesterday of an inter-meeting cut of a half percentage-point to a range of...

THE NUMBER OF LARGE QUICK INTRADAY MARKET MOVES OMINOUSLY ACCELERATES On Friday afternoon at about 3:45 the Dow Jones was down well over...

THE GOOD, THE BAD AND THE PUZZLING In its regular review of the markets, TPA notes that there was a lot of strong technical factors such as