Friends Stocks are breaking through resistance levels which has to be a disturbing development for the bears. Before the actual announcement of a new trading deal with Mexico, stocks had already had a good start to the trading session. As the President conducted a...
Friends Stocks struggled from the get-go this morning and the bulls never bothered to get involved as the trading session wore on. Market participants will be monitoring the comments of Fed Chairman Powell from Jackson Hole, Wyoming tomorrow, to determine whether the...
Friends It was a mixed day for stocks with the Dow and the S&P a bit lower while Nasdaq was up a little. Market participants spent the day trying to digest all the political news that broke yesterday afternoon. The takeaway seems to be that we've dealt with...
Friends More rumors that various trade negotiations, including with Mexico, might be moving forward once again helped stocks add to yesterday's gains. Stocks were slightly weaker at the opening, but moved higher in the afternoon portion of the trading session. By...
Friends Word that negotiations with China on trade are scheduled sent stocks higher today. From the lows of yesterday to the highs of today we saw quite a swing in the favor of the bulls, not only in price but in sentiment. As we have seen for the past nine years,...
Friends Well, back down we went today, although things did improve in the later part of the trading session (the Dow had been down more than 330 points earlier in the day). The strength in the dollar not only hurts those overseas, but it also has an effect on the...
Friends Stocks bounced back today as the contagion worries abated- at least for one day. Even though the shares did not react that well, Home Depot had a strong earnings report which seemed to push market participants to consider the retail sector. It's been a good...
Friends The word contagion is back on the lips of market participants. We went through this with Greece and others over the past many decades. Markets are never quite sure originally when these crises arise just how it will affect the rest of the world. So, it's not...
Friends Stocks sold off a little bit this afternoon and it might have been because of simple boredom. For most of the trading session it appeared everything was stuck in neutral, so the bears showed up to see if they could catch the bulls napping. As we pointed out...
Friends It was another very quiet day of trading. The market averages were mixed and the trading volume was light. It is not unusual at this time of year as folks are on vacation before school starts again. Earnings season is mostly behind us and the Fed doesn't meet...
Friends This afternoon's tweet from Elon Musk that he had a deal in place for the purchase of Tesla (assumingly taking it private), sent market participants into a frenzy and pretty much occupied the business news media all afternoon. Stocks advanced early in the...
Friends As we have referenced, we are, indeed, in the dog days of summer. Stocks did trade in positive territory for most of the trading session, but not in a very convincing manner. After the flood of corporate earnings reports and economic data that we have...
Friends The non-farm payroll number came in a little shy of expectations, but the previous two months were both revised higher. The monthly and year over year average hourly wage number was as expected, again indicating the wages continue to increase, but at a rate...
Friends It was as though Apple was facing off against the rest of the stock market today, and Apple won. After an early morning triple digit loss in the Dow, stocks led by Apple climbed all the way back into positive territory by the end of the trading session. It...
Friends Despite blowout earnings from Apple, a hot ADP employment number and a constructive economic outlook from the Fed, stocks coughed up early gains and drifted without much direction into the close. The FOMC release, as expected did not include an increase in...
