Weekly Stock Market Update: Fear and Greed Index

The indicators are largely all positive. The stock gurus are worried about a correction. We certainly feel overdue for one. However, so far the stage analysis is still showing we are in stage 2, accumulation.

CNN has a great indicator they call the Fear & Greed Index. It's been in Extreme greed and just plain old greed the last few weeks. Check it out!

 

Stock Market Update: Flying High

The market is flying high! All the indicators seem to be screaming green. As much as my intuition says this is a top, my job is to follow the indicators. The top could last for awhile and in the meantime we should take advantage of it.

Look at this chart from Barron's. It looks extreme.

Some interesting stocks and ETF's this week are Proctor & Gamble (PG) and HealthCare ETF (XLV). Good for the watch list. Their moving averages need to turn up.