Morning Comment: Too early to "buy on weakness"



  • The "internals" during yesterday's rally were mediocre.
  • The call buying in AAPL was huge yesterday, so very little froth has been wrung out of the market. (Many mega-cap tech stocks are still quite overbought on an intermediate-term basis.)
  • It's usually a "second decline" (after a "failed rally") that finally dampens the froth when it gets as extreme as has recently.
  • Therefore, we believe that investors will get a better chance to "buy on weakness" in the week's ahead.


For more details (and charts) on these issues, please click here to subscribe to "The Maley Report (TheMaleyReport.com): https://marketfy.com/secure/buy/beyond-the-fundame...

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Morning Comment: Watch Friday's intraday lows, they're KEY support


The U.S. futures are trading significantly lower this morning as the tech stocks (especially the mega-cap tech names) are under pressure once again. Our stance on this situation is a lot different than most. Many people are saying that it’s ...

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THE WEEKLY TOP 10

THE WEEKLY TOP 10


Table of Contents:

1) The sell-off in the stock market likely has more room to run.

2) An explanation of what has taken place in the options market this summer.

3) We’ll need more downside follow-through ...

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Morning Comment....Caveat Emptor


It has been a very different kind of year for the stock market and this week has been no different...as the week before Labor Day weekend has not been the normal boring week we usually see in the market place. ...

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Morning Comment.....Tom Seaver: An


Well, we finally got some good breadth on a strong day in the stock market...as the advancers vs. decliners were 11 to 1 positive on the S&P 500 index yesterday! It was strange that the breadth was only 1.4 to ...

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Morning Comment: Germany's DAX trying to breakout


Back in 1999, every once in a while we would jokingly exclaim, “The stock market will never go down again in our lifetime!” We did said that because it seemed like the stock market would rise every day no matter ...

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Morning Comment: Suckers.....TRAN.....Trump sets the


  • Don’t follow the suckers. In other words, don’t buy the mega-cap tech stocks up at these levels. They’re now ripe for a powerful decline.
  • The Transports have played catch-up quite nicely, but they’re getting overbought on a near-term basis.
  • Love ...
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Morning Comment:


When I was in high school, the only sport that had a very early “pre-season” was football. (Some people called it “double sessions”...we called it “hell week.”) The other sports started before school got going as well, but not as ...

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THE WEEKLY TOP 10



THE WEEKLY TOP 10


Table of Contents:

1) We were wrong about August, but that does not deter our caution about September.

2) Chairman Powell’s comments last week were expected. Kaplan’s comments were quite telling.

3) An extended narrow rally ...

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THE WEEKLY TOP 10

THE WEEKLY TOP 10


Table of Contents:

1) Don’t party likes it’s 1999.

2 & 2a) Narrow rallies are not healthy rallies (so it IS something to worry about).

3) The dollar has much further to bounce.

4) Higher dollar ...

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Morning Comment: Bearish on Commodities, NEAR-TERM


It was a very uneventful day in the stock market yesterday...until late in the afternoon when the market gave back its earlier gains. The catalyst seemed to be comments from the “Fed Minutes” from their last meeting...which said the healthcare ...

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Morning Comment: Pounding the table about a near-term dollar bounce

Balloons, confetti, noisemakers, etc......No, we’re not talking about the Democratic National Convention. We talking about how the S&P 500 finally closed above the February closing highs yesterday...after bumping up against that level for over a week! Of course, there is ...

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