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...
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...
Friends After closing strong last week, and shaking off an early stumble on Monday morning, the bulls were just starting to emerge from the shadows and search for signs that the storm clouds might be clearing. Well, no. The bears were back in charge once again today...
Friends If you want to look for positive signs in what has been a negative beginning to the year, look no further than today’s stock market action. Instead of a failed rally, which seems to be a daily occurrence in 2016, today we saw stocks tumble to a triple digit...
Friends Yes, it was a very difficult month for stocks, but today’s rally takes away a little bit of the sting. First we had news out of Japan overnight that they are pivoting to a negative interest rate policy. Don’t be startled, interest rates are negative in other...
Friends The seesaw week continues. Down Monday, up Tuesday, down Wednesday, now up today. Good earnings reports from Under Armour and Facebook seemed to light the fire at the opening, and that combined with oil rallying for the second day in a row led to solid gains...
Friends The markets looked to the Fed today for guidance, but came away more confused than before. Some Fed watchers were concerned that the FOMC didn’t back off the “tough talk” and kept interest rate increases on the table for 2016. Other’s interpreted the FOMC...
