Friends The first trading day of June was a classic reversal day. Oil was down early and reversed course, and stocks also were down early (122 Dow points) and reversed course. Were stocks just following in oil’s footprints? Perhaps, at least it appeared so today. A...

Friends It was the first day back after the long holiday weekend, but it was also the last trading day for the month of May. Once again, it was somewhat of an uneventful month as the little gains that we had coming into today’s session were mostly erased by todays...

Friends The rain and flooding is really getting worse out here in The Woodlands, so we are going to close the office a little early today, so that everyone can hopefully get home safely. As for the markets, as of this writing, it has been a quiet day with the main...

Friends Well Happy 120th Birthday to the Dow Jones Industrial Average. That’s right 120 years ago 12 stocks were combined to create an index that would become the standard bearer for the next century. Sure, today the S&P 500 gives a more accurate account to what is...

Friends The bulls were able to keep the pressure on the bears, at least for one more day, as stocks once again enjoyed a robust rally that included the recently left behind financial and technology sectors (energy shares had a nice day also). There didn’t appear to be...

Friends Just when it looked like we might just coast into the end of the month, the bulls came out today and put a full court press on the bears and sent stocks soaring higher. Helped by a very strong and much better than expected New Home Sales number, stocks rallied...

Friends Investors are tuned in to an array of Fed officials speaking this week (or are they trying to tune them out?), attempting to ascertain just what is going to transpire at the June FOMC meeting coming up in a few of weeks (June 14th and 15th to be exact). In...

Friends Today I want to take a moment to discuss something that occurred yesterday that we believe needs to be addressed. In the morning a research analyst from a major investment bank/brokerage firm put out a report recommending the purchase of Tesla shares. Nothing...

Friends The bulls were feeling pretty good about themselves during the midday portion of today’s trading session. After a bit of an ugly start to trading, the bulls had turned the tide and driven share prices higher with the Dow sporting a nifty 100 point gain right...

Friends Another day, another 200 point move. That’s right, stocks were on the move once again today and after a small early morning rally, the move was decidedly to the downside. Despite good earnings from retailers TJ Maxx and Home Depot, stocks rolled over later in...

Friends All of sudden we’re getting sizable moves in the stock market. Had we held the gains, today would have been the third 200 point plus Dow day (both up and down) that we’ve seen in a week. That these moves have been in both directions is a factor of the...

Friends It was a difficult day for stocks, as despite a better than expected retail sales number released before the open, retail stocks themselves led the market lower. Another day, another round of bad earnings reports in the retail sector. Are consumers not...

Friends We had another somewhat confusing day of trading as stocks opened higher, sold off midday, then worked back into positive territory in the later part of the trading session. Other than the business channels droning on incessantly about the shares of Apple...

Friends Just as we were scratching our heads over yesterday’s thrilling rally, we are equally at a loss to describe today’s decline. Oil was up, so we can’t blame today’s slide on weakness in energy. Yes, Disney had a somewhat disappointing earnings reports but we’ve...

Friends Well, that was different and unexpected. After days of lackluster interest in stocks, the bulls awakened and drove prices higher today with some spirited bidding. Other than an oil market that was a bit stronger today, I’m not sure what was different today...