Market Analysis

Head Fake? Or the Start of Something Bigger?

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There’s nothing quite like the feeling of making a good case for a certain outcome, and then having the market feed you a big mouthful of crow. Last week it appeared as if the market was stabilizing near support, but then a vortex of selling whipped through the market leaving us wondering – what the heck just happened?

Let’s begin today by taking a look at the technical damage that has been done, then we’ll switch gears and see what the economic backdrop behind all of this price action looks like.

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Posted in: Corrections Economy Primary Trend Stocks Volatility

We’ve Seen This Before

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Some of the strongest moves in the stock market often come when no one is expecting them. After a vicious start to the year – which almost triggered a Dow Theory sell signal, the market found itself in a renewed uptrend beginning in early April.

Since then, the S&P 500 has been climbing steadily inside a well defined upward sloping channel. We can see this in the chart below, along with some key support levels.

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Posted in: Bonds Dow Theory Earnings Factors Interest Rates

And So It Begins

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It is with great pleasure that I welcome you to the first edition of Sigma Point Capital’s Market Analysis – written by yours truly, Matt Kerkhoff. It’s going to take a week or two for us to get up to speed, and I wanted to begin by setting the stage in terms of what to expect here moving forward.

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Posted in: Compounding Gold Real Returns Stocks Volatility

A Fond Farewell to DTL

By now most of you are probably aware that this is the last week that Dow Theory Letters will be published. If you haven't had a chance to read the message that was sent out this morning, you can read it here (link no longer active), on the announcements section of the website.

Since this is the last time that you'll hear from me via DTL, I thought I would take a moment to say some goodbyes, reminisce a bit, and let you know what I'll be up to in case you'd like to continue following my work.

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Posted in: Dow Theory Economy Interest Rates Psychology Recessions

Welcome to Sigma Point Capital!

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Hello and welcome to Sigma Point Capital, the new home of Matt's Market Analysis!

Many of you are accustomed to reading my market commentary at Dow Theory Letters, but unfortunately, DTL is undergoing a major change and is being merged with a separate newsletter.

But don't despair ... over the years I've developed a passion for writing about the markets (I think I caught Richard's bug) and I intend to keep writing my weekly analysis here on this new platform at Sigma Point Capital.

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Posted in: Dow Theory Uncategorized

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