Monthly Updates

TABR has released the March 2015 Newsletter. Download TABR Quarterly Newsletter here.

CONCLUSION—The Same as Last Month Not much has changed since our mid-month update in February—a mostly bullish stock market environment, until proven otherwise.  We have been in a trading range since mid-November, with an upward bias.  The S&P 500 dropped -3.54% from February 24 to March 11, but has recovered almost all of that in […]

CONCLUSION—Trading Range, But Mostly Bullish Until Proven Otherwise Most stock indexes were down about -3% in January, and this brought out the chorus of “as January goes, so goes the rest of the year.”  But that calendar anomaly has not worked in recent years, and here we are, two weeks into Febuary, and the losses […]

CONCLUSION—Expect More Up and Down Volatility In the 5 trading days ending January 6, the S&P 500 Index dropped nearly -4% and in the process, wiped out the entire gains from the normally favorable seasonal periods in November and December.  In actuality, December was a down month for that index, but other indexes did rise. […]

CONCLUSION—A Classic Topping Process Since our last email update on Halloween six weeks ago, there has been a considerable amount of both up and down volatility in world stock markets.  From the October 15 low for most markets to December 5, the top for most markets, various indexes rallied anywhere from +5% (EEM—Emerging Markts Index) […]

TABR has released the December 2014 Newsletter. Download TABR Quarterly Newsletter here.

CONCLUSION Last month, I wrote about a change in character in the markets, based on weakness in global equities and high yield corporate bonds.  This change, which is from up to down, appears to be accelerating.  The percentage of stocks on the NYSE Index above their 200-day moving average has fallen to 47%, which means […]

CONCLUSION Our last monthly update on August 7 was written on the day of the closing low of the recent correction in the S&P 500 at 1909.  I’d conveyed the thoughts of a change in character in the market, given weakness in corporate high yield bonds, small company shares and global equities.  Though it continues […]

TABR has released the August 2014 Newsletter. Download TABR Quarterly Newsletter here.

CONCLUSION—A Change in Character Leading stock market indexes peaked on July 3, and are in the midst of their largest decline since January of this year.  At this juncture, the decline is still very mild, with large companies as represented by the S&P 500 being more resistant to decline, down -3.8% from the peak, while […]