Gennady Kupershteyn Interview with Kate Stalter on the Larry Pesavento - Trade What You See Show

To hear my latest market Stock Market Outlook and Leading Stocks Analysis, listen to my interwiew with Kate Stalter on the Larry Pesavento - Trade What You See Show.  Let me know what you think.  Enjoy.

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Upside Remains But Pullback Looms for the Stock Market - Do Not Panic

The stock market and leading stocks have rallied for over fifty plus days without a pullback and continue to act orderly & bullishly. This type of bullish action dictates much further upside for this leg of the bull market, that started early October 2011, in the coming months. But, we cannot ignore the subtle clues we saw this week that now dictate more caution over the next few weeks, until we finally get a pullback or correction.

The Leading Stock Analysis saw the percent of "G" rated stocks

AAPL...Was today the TOP?

I do not believe so. Today was an excuse to take profits. The stock has run 37.60% in approximately 9 weeks and needed to take a breathe. Antsy traders got an excuse to take profits and the bears piled on short positions spooking other weak holders into selling. While the stock did seem to exhibit characteristics of a climax run, the action was too flawed.

Climax runs tend to culminate

More Upside for the Stock Market

The stock market and leading stocks have worked off their over extended condition from last week.  With 3 major Jobs reports this week starting Wednesday with the ADP report, followed by the weekly unemployment report Thursday, and the monthly jobs report Friday, it would not be unusual to see the market pause early in the week ahead of these reports.

Patience and Discipline with The Bull

Can't argue with the stock market lately.  Up it wants, up it goes. By most measurements the stock market is overextended and overbought. The things is, at the beginning of every leg of the bull market, the stock market tends to get overbought and overextended quickly and stays overbought and overextended. Every sell program is matched by a bigger buy program.

We cannot completely ignore the overbought and overextended conditions. We must keep a close eye for stalling and low volume moves by the stock market and leading stocks. We just haven't had enough to worry about.

NYSE A/D line and IBD Mutual Index have made new highs already.  All, but the NYSE, major US Equity