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...
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...
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...
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...
https://www.youtube.com/watch?v=e7ULSUB2zrw
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,...
Friends We made to the end of the 2nd quarter of 2020. Wow, that was a tumultuous six months, wasn’t it? Actually, despite Covid-19 cases rising and a country that is experiencing social unrest, stocks actually had a very good quarter. Of course, we were coming off a...
Friends It’s been a back and forth month for stocks as we push towards tomorrow’s finish line. The bulls decided to do a little last minute bargain hunting today, but as we have seen over the past several weeks, trends seem to last until the next headline these days....
Friends The headlines were just too much for the bulls to defend today. A full day of Covid-19 bad news weighed on the stock market, and with it being a Friday, traders decided that the sidelines might be a good place to be for the time being. As for the markets,...
Friends Stocks were just drifting along until a small buying flourish pushed the market averages higher in the last hour of trading. The buying sure couldn’t be attributed to better news on the health front, as virus news continues to go in the wrong direction,...
Friends There I go again. I express a little concern about some froth in the market and stocks tumble the next day. Ok, believe me, I have no edge. It just seemed like given the less than good news that the markets are having to deal with that some of the moves we...
Friends Stocks continued to edge higher today, as the bulls were able to hold on to most of the early morning gains. Once again, Apple, Microsoft, Amazon, Facebook and other big growth names led the way. These stocks have provided a major portion of the move off of...
Friends Overnight futures gave the impression that stocks were going to have a difficult trading session as the week begins. But, after a quick down opening, the bulls quietly moved share prices higher as the day wore on. There wasn’t really anything remarkable about...
Friends Stocks continued to drift slightly lower (well, at least the Dow anyway) in today’s trading session as concerns about spiking Covid-19 numbers continue to overhang the markets. It appears that the hope that the virus will kind of disappear in the summer months...
Friends Stocks took a breather today as, more than anything else, the buyers just seemed to run out of gas. It didn’t appear that sellers were pressing the situation and the specter of the Fed hiding around every corner is what keeps the bears up at night these days....
