We want to begin by reiterating once again that one of our goals is to provide comments from both sides of the bull/bear ledger each weekend.  Therefore, it might sound like we’re talking out of both sides of our mouths at times.  We’re really just trying to give both sides of the story.  However, we always try to let you know which side of that ledger we stand on at any given time. 

 

 Table of Contents:

1)  It’s not out of the question that the stock market could “melt-up” going forward.

2)  That said, the fundamental backdrop for the stock market is not as good as it might seem.

3)  It’s amazing how most markets are completely ignoring the situation in the Middle East!!!

4)  It won’t take much more upside follow-through for the chip stocks to send a very bullish signal.

5)  Update on the charts of the major indices.  (They need a bit more upside follow-through as well.)

6)  The 2yr note and the yield curve are getting ripe for “breathers” over the near-term.

7)  Many commodities are getting ripe for short-term pullbacks as well.

8)  The huge rally in China has been fabulous, but it’s getting extremely overbought near-term.

9)  The energy sector is not underperforming to the degree many people think it is.

10)  Summary of our current stance….….Rate cuts are not QE.

 

You don't have access to this post on The Maley Report at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for subscribers on the Weekend Insights and All-Access tiers only

Try 14 Days Free