CHJ Cares Program donated to local nonprofit Leaping Butterfly Ministry The Seed of Faith Celebration. The annual fundraiser’s goal is to help bring awareness and support to those touched with Turner Syndrome. The $85,000 raised from the event will go towards...
Friends The Bulls attempted to overrun the 1950 level on the S&P this morning, aided by a spike in oil prices. But, the Bears were able to hold the line, at least for the moment, as oil prices gave up those early gains. After a brief scare earlier in the week, at...
Friends Well today was different. After a sizable 250 point Dow tumble in early trading, oil reversed on positive inventory news and stocks staged an impressive reversal rally. By the close, the Dow Jones Industrial Average was up 53 points to finish the day at...
Friends Stocks experienced a difficult day, and we can’t say that we were surprised. After a nice weeklong rally, we were bumping up against some major resistance, that short of some major new catalyst (perhaps something like a spike in oil prices), was going to be...
Friends Well, that’s a nice start to the new week. Overseas markets rallied overnight, oil rallied and the U. S. stocks joined the party. There really wasn’t much volatility as we spiked in early morning trading and basically held right at resistance for the remainder...
Friends It was another somewhat quiet day of trading, though we did have a little more volatility than yesterday. Considering the robust three day rally that we had, a couple days of consolidation wouldn’t be the worst thing that could happen at this point. Of course,...
Friends After the torrid three day rally, the stock market took a pause today to catch its breath. Let’s just hope it’s a pause that refreshes, not a “hit a brick wall”/ resistance type of pause. The trading action was light and volatility was non-existent during the...
Friends Can we call three days in a row a trend? Ok, we won’t get carried away with the three day rally we have just experienced, but it sure seemed to come at a good time. Sentiment had gotten so negative, the number of bears out there was rivaling the negativity...
Friends The market gods gave us a reprieve as we enter the 3 day weekend. Instead of panicking after another awful overnight session in Japan, traders fed off the rise in oil prices and drove stocks higher and higher as the trading session wore on. We did get a...
Friends Boy there is a lot to discuss so we’ll dive right in. After another round of overseas selling overnight, stocks were immediately under pressure as the trading day began. After an initial selloff, stocks seemed to bide time while we waited for the second day of...
Friends This was not a good day for the bulls. After yesterday’s turnaround Tuesday recovery, today was supposed to be an “all clear” bullish move with Fed Chair Janet Yellen testifying before the House Financial Services Committee, and likely spinning a dovish yarn....
Friends Stocks once again were lower at the open after a difficult night in overseas markets. But being that this is turnaround Tuesday, those loses were quickly erased and stocks climbed to positive territory in late morning trading. After a second round of selling,...
Friends Another Monday, another difficult day for stocks (though, by the close it was a lot better than it was at midday). The bulls really never had a chance today as sellers were waiting at the starting gate to sell stocks, and after a triple digit Dow loss at the...
Friends Today was the day that “growth” stocks got taken to the woodshed. For some time now, energy, material, industrial and financial shares have all been under siege. Today, tech and internet/web based (high multiple) shares were given a beating. Led by a monstrous...
Friends Most days before I begin to write this email I have a pretty good feel for what happened during the trading session, and what drove the direction that stocks ended up going in. Today, was quite the opposite. Stocks gyrated all day from what looked like a good...
