That Was Easy

Published by Michael Farrell, Chartered Investment Manager on Feb 05, 2019

We continue to see a very impressive move from the bottom of the markets at the end of December as we try to get back to the top of the mountain. Back in December, the S&P 500 bottomed around 2350....... Continue reading

Did we HIT Rock Bottom???

Published by Michael Farrell, Chartered Investment Manager on Jan 09, 2019

December was a month for the record books but most don't prefer to experience such awful records. As we enter the New Year, we certainly see some green shoots as our main indicator, the Bullish Percent... Continue reading

Risk Levels Remain Elevated

Published by Michael Farrell Chartered Investment Manager on Dec 24, 2018

As we mentioned at the beginning of October, the US stock market has been climbing a wall of worry since January this year and even went to new all time highs in September - seems like such a long time... Continue reading

Risk Levels Continue to Rise

Published by Michael Farrell, Chartered Investment Manager on Oct 24, 2018

As we approach the U.S. mid-term elections in two weeks, we notice a continuation of deterioration in our main indicators. The NYSE Bullish Percent reversed down in early October.....continue reading ... Continue reading

Equity Markets Climb Wall of Worry or Hit Resistance

Published by Michael Farrell, Chartered Investment Manager on Oct 09, 2018

Since the end of January, the US stock market has been climbing a wall of worry as interest rates have been rising, oil prices have been rising and tariffs have become part of the conversation. Last week... Continue reading

Equity Markets Continue to Demonstrate Strength

Published by Michael Farrell, Chartered Investment Manager on Jun 13, 2018

As we move into the summer months when stock markets can experience some lazy days, we continue to see equity stock markets move ahead in a number of areas.......Continue reading ... Continue reading

Has Anything Changed?

Published by Michael Farrell, Chartered Investment Manager on Apr 17, 2018

We saw the volatility increase significantly in the month of February following some very good earnings reports from many Corporations. As a result, there was some significant downside movement in many... Continue reading

Risk Levels Continue to Rise

Published by Michael Farrell Chartered Investment Manager on Mar 27, 2018

After a year of extraordinary low volatility as defined by the VIV index or the volatility/fear index, we see the VIX move back up to the 26 level on Friday March 23, 2018 as the US stock markets look... Continue reading

A Pause that Refreshes?

Published by Michael Farrell, Chartered Investment Manager on Feb 20, 2018

As we discussed earlier this month, it was a very quick reversal down in the BPNYSE from the 70% level to 46% in a matter of a couple of weeks. Within a week we see a reversal back up above the 50% level....continue... Continue reading

Opportunity or Otherwise

Published by Michael Farrell, Chartered Investment Manager on Feb 13, 2018

It was a discouraging week any way you slice it. We continued to see the deterioration of the BPNYSE as it reversed below the 50% level to end Feb 9 at 45.9% - another 5.5% slide for the day. This breadth... Continue reading