Friends The bulls had something cooking for most of the trading session, but as is often the case, the markets changed direction after the Fed Chairman held his press conference. For those who trade markets on a minute by minute basis, each Fed statement or Chair...
Friends Stocks were able to post gains today, but the market averages traded well off their highs for the day by the close. Today’s news cycle included a new product presentation from Apple (mainly on watches and iPads as the new phone announcements have been delayed...
Friends The bulls stepped up today in an attempt to take the reins back from the bears after the sloppiness of the last couple of weeks. Stocks opened higher and were able to hold onto the gains for the entire trading session. Actually, after the initial surge...
Friends It was another volatile see-saw day with stocks opening higher, then going back and forth between positive and negative territory for the rest of the trading session. The big tech names continue to come under some selling pressure, but it does seem to...
Friends As we suspected, here is the volatility. Stocks opened to the upside with the Dow posting a more than 200 point gain in early trading. But, sellers appeared (or buyers disappeared) and stocks fell decisively into negative territory as the trading session wore...
Friends The unwinding of speculative excess continues, with the likes of Tesla once again falling dramatically today. We've talked about how silly a certain segment of the market had become, and how silly it was for people to pile into a stock because it was splitting...
Friends Well, that was quite a ride. Stocks began the session in positive territory after a better than expected jobs report, but sellers resurfaced and the market averages were plunging by midday. The Dow was down over 600 points at its worst, and the tech heavy...
Friends Don’t hate me for saying – we needed this. The stock market took a tumble today, and in all truth, it probably is a good thing in terms of the long term health of the market. We’ve talked about how many high flying growth stocks seemed to go up 10% a...
Friends The bulls to Mr. Bigshot Money Manager. “Ok, Mr. Bigshot Money Manager, you keep harping that Tesla, Apple, Zoom and a few others are carrying the water for the market averages. Tell you what we’ll do. We’ll sell those stocks today and buy everything...
Friends After a quiet morning, the bulls pushed stocks higher in afternoon trading with everyone's darling Apple leading the way. Yes, Amazon, Google, Microsoft and Facebook all participated in the rally, but the big winners today were Zoom and Walmart. Zoom, well you...
Friends Well so much for the dog days of summer. August was a tremendous month for stocks as measured by the market averages. Yes, some stocks were much more fortunate than others, but considering the headwinds that the markets faced, it was another impressive monthly...
Friends With the Fed standing firmly by their side, the bulls continue to push stocks higher. Yes, the economy has recovered somewhat, but news from the airlines and companies like Coca-Cola continue to shine a light on what is likely to be a longer term concern....
Friends Jerome Powell reminded us that the Fed is all in. In his speech this morning, the Fed Chair indicated that the Central Bank will moderate its view of inflation, should it rear its ugly head, and that interest rates are going to remain at zero for a long time....
Friends Stocks continue to grind higher with big tech names leading the way. You know the names, Apple, Microsoft, Amazon, Facebook, Google and of course Tesla. The breadth was decent, with the exception of energy names, but the move in general was somewhat...
Friends Stocks gave up an early rally and spent most of the day in negative territory. But, as the trading session wore on stocks strengthened and in the end, only the Dow closed in the red. I had mistakenly mentioned that Apple was splitting today, but it actually...
