Week Ends On A High Note

Week Ends On A High Note

Friends It certainly was an ebb and flow week, up one day and down the next. We did however finish on a high note today as market participants ignored mounting Covid-19 headlines and actually nibbled in the economically sensitive area today. By the close, the Dow...

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Week Ends On A High Note

Choppy Week

Friends Stocks struggled today with particular weakness in economic sensitive areas like Banks and Energy. Yes, there was some political news today, but I think today’s selloff is more about the upcoming earnings season and the concerns traders have that the great...

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Week Ends On A High Note

Bulls Give Back Yesterday’s Gains

Friends The bulls finally ran into some resistance today. Stocks spent the day in negative territory, adding to their losses as the trading session wore on. The recent market leaders did cool off a bit today, but recent laggards fared worse. Seems there’s no sympathy...

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Week Ends On A High Note

Bulls Come Back Rejuvenated

Friends I hope everyone had a nice 4th of July weekend. It appears that market participants came back to work today feeling pretty good about things. Stocks, led by the usual suspects Apple, Amazon and Microsoft, opened higher and basically held the gains for the...

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Week Ends On A High Note

Slow Start To The Second Half

Friends Here we go into the second half of 2020. It appeared that traders didn't know which way to go today as the market averages bounced around in a relatively narrow range. We continue to hear of the great reopening running into one Covid19 breakout after another,...

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