THE WEEKLY TOP 10


Every weekend, we write a piece we call "The Weekly Top 10". However, this is NOT a regurgitation of Barron's or the weekend edition of the WSJ. Instead, we try to cover the issues most people are not focusing on...and when we do talk about the mainstream issues, we try to look at them from a unique angle......Below, you will find two of our bullet points (#'s 1 & 5) from this weekend's edition (both the "Short Version" and the "Long Version" of those bullet points). If you would like to see the full edition...and see what our subscribers get every weekend (along with our "Morning Comment" on a daily basis during the week), please click here to subscribe to "The Maley Report" (TheMaleyReport.com)......Thank you very much.


THE WEEKLY TOP 10

Short Version:

---1) We have been involved in the markets too long to believe what many pundits are trying to argue today. They’re not using the phrase, “It’s different this time,” but they ARE still using this argument. They’re just using different words to describe it……....We understand that the Fed is providing loads of liquidity right now, but they also know that they cannot control bubbles once they develop, so they will still do what the need to do to avoid one. In other words, this liquidity will not last forever.

---5) Believe it or not, the chip stocks have been underperforming over the last month. That’s right, the SMH semi ETF has rallied “only” 1.8% vs. a more than 6% rally in the broad XLK tech ETF (and +3% in the S&P 500). This is NOT a major problem…given how well the group outperformed for much of last year. However, the group did get quite overbought recently…and thus ...

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Are the Biotech Stocks Due For Another Leg Higher?


Back in late October, we turned much more bullish on the biotech sector when the IBB biotech ETF broke back above its summer highs. The IBB rallied 16% over the next two months…outperforming the S&P 500 (which has rallied 7 ...

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Does an Overbought S&P 500 Index Matter???


We have stated several times in recent days that the broad stock market is overbought. However, we have not shown WHY we believe this to be true. Our apologies. Here is a chart that supports our case:

The S&P 500 ...

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Mornin Comment: Much more near-term rally in stocks doubtful....Gold....Tesla.


  • Yesterday’s bounce was quite understandable, but a lot of upside follow-through near-term is doubtful.
  • The situation with Iran has been pushed to the sidelines…which is obviously positive, but it’s far from over.
  • Besides, the stock market is overbought…and earning season ...
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Morning Comment: Investors Should Still Keep Some Powder Dry.


  • No casualties means President Trump will not escalate the situation in Iraq/Iran further at this time.
  • However, the bounce could/should be limited…because the decline was very muted.
  • There are still a lot of unanswered questions…with earnings guidance & ...
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Morning Comment: HD's Chart Now Looking Dicey


In our full edition of the "Morning Comment," we touched on the following subjects:


  • Most people liked yesterday’s midday bounce. We did not. It shows there’s too much complacency out there.
  • The market is overbought after its big 2019 & ...
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Morning Comment: Iran & North Korea are Connected.


  • Iran is one of the reasons the U.S. does not want North Korea to become a nuclear power.
  • Since N. Korea is connected to the Iran issue, so is China.
  • These new uncertainties should keep oil elevated for longer ...
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Morning Comment: Update on the FAANG Charts


Morning Comment: Update on the FAANG charts.


  • Yesterday’s decline was meaningless. Today’s action should be equally meaningless.
  • The FAANGs continued to be leaders early in 2019, but lost that status in the spring.
  • However, those FAANG stocks have regained A ...
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U.S. 10yr Yield Testing Key Resistance Again


We’ve heard some very different predictions for the direction of interest rates over the past few days. Just yesterday, Citigroup said that they expect the yield on the 10yr note to decline down to the 1.25% level next year…while ...

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Morning Comment: Be Careful on TSLA & MSFT at These Levels.


  • Year end rally in the broad stock market looks like it will hold.
  • However, TLSA is overbought and reaching a level that has been followed by severe reversals in the past...so be careful.
  • MSFT is at a huge premium ...
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Boeing (BA): Needs to Hold $320 (& $300 is the


We do not cover Boeing (BA), but it’s pretty amazing how their CEO has been able to keep his job. As one expert said this morning that he must have known for a while now that they 737 Max was ...

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Morning Comment: Dollar Testing First Key Level Support (again)


  • The market is dead flat this week. Waiting on tariffs
  • The DXY dollar index is breaking its 200 DMA (1st support).
  • The next (more important level) is 96 on the DXY.
  • More dollar weakness will be very important for EM ...
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