Needless to say, a lot has taken place over the past two weeks (we were out the week before last), so we actually have more than 10 bullet points this weekend.  However, some of them are very short…so that we kept the overall piece the same length it usually is on most weekends…..Also, we just want to remind readers that we like to provide issues from both sides of the bull/bear ledger every weekend.  So, although we start with a couple of cautious points, we do cover some very bullish ones this weekend as well……Thank you very much.

 

Table of Contents:

1)  Despite what many pundits try to say, it’s not the Fed’s job to prevent recessions. 

2)  In reality, it won’t take a recession to cause a meaningful drop in stocks at some point.

3)  Last week’s action in the stock market was excellent…and it bodes well for further gains.

4)  It’s imperative to continue to keep a close eye on the chip stocks.  (Duh.)

5)  Updating the charts on the major indices.  (They look quite good.)

6)  The 10yr yield is telling a different story than stocks…and it’s close to a KEY support level.

7)  Next week could be a very important one for the biotech group.

8)  Nice breakout in gold, but it needs a bit more upside follow-through for confirmation.

9)  Natural gas could be poised for a surprising run before the year is over.

10)  The bounce in the XLF is a very narrow one.  Be picky in this group.

11)  Potpourri…..Geopolitics will likely become THE most important issue at some point soon. 

12)  Summary of our current stance.

 

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