Author Archives: Michael Harris

Where is the Stock Market Correction?

It seems like there were some persistent attempts recently to convince investors that the stock market was due for a large correction and that came in the form of a bombardment of articles by the financial media, the most optimistic calling for a decline of 10%. Investors did not … Continue reading

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Old Economy Vs. New Economy

Some sectors of the market are making all-time highs and some others, related to tech primarily, are in a correction mode. The market as a whole refuses to be pulled down by technology. Does this mark a permanent return to old economy … Continue reading

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SPY: After a Dance with Fibonacci the Real Test is Coming

After getting trapped for two days inside a channel defined by the 38.2% and 50% Fibonacci retracement levels of the rally that started last February, SPY is now getting ready to face the challenge: Resumption of the uptrend or start of a downtrend? If you … Continue reading

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Passive Investing Fables

It is about time to update the results of an article I wrote about a year ago about passive investing strategies. Usually, a couple of years after a market bottom and while on a strong uptrend, old arguments resurface about the superiority of … Continue reading

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This Uptrend Has Not Been an Easy Ride

Despite popular claims of  easy stock market gains for greedy investors fueled by free FED money, the last uptrend in stocks has been a rough ride with larger drawdowns from peaks and higher volatility when compared to the last three major past uptrends. Share

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When Does a Downtrend Begin?

By the time that a downtrend is identified in the context of technical analysis, losses may be substantial. An important issue is not when a market can be declared to be on a downtrend, but when a downtrend begins. This depends on subjective … Continue reading

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Putting this Correction in the Right Perspective

Biotechnology and social media investors have enjoyed very high returns since 2012. As with all investments, at some point investors sell and prices drop. Whether this will turn into a major correction depends on the percentage of holdings investors unload. Detailed analysis … Continue reading

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Bears Should Keep Low Expectations For A Trend Reversal

Yesterday’s rally was fueled by promises of low rates and more quantitative easing. As long as, one way or the other, inflation is kept low, bears should have low expectations for a trend reversal. In the best case, the correction … Continue reading

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