Friends We had a slight reverse of fortune today as the NASDAQ posted gains while the Dow slumped just a bit. The shares of Biogen were the big winners as it was announced that the FDA approved the biotech firm’s Alzheimer’s drug, which is very exciting news. The...

Friends Estimates were that the U. S. would have added 671,000 new jobs in May. Today’s actual number came in shy of that as instead 559,000 new jobs were added. Now, we have mentioned many times that sometimes good news is bad news and bad news is actually good for...

Friends It was another trading session where early gains in the market averages dissipated as the day wore on. No, there wasn’t a lot of selling as things did finish in the green, and the bears haven’t been able to marshal the forces for some time now. Perhaps the...

Friends The Bulls came out of the gate flying this morning, but as the trading session wore on they ran out of gas while limping to the finish line. As has been the case for some time now, Nasdaq was the most challenged of the market averages early in the session, but...

Friends   It was a day of headlines about spending bills, tax changes and massive budget plans. But, once again the stock market shrugged it all off and pushed higher. And, once again, the bond market showed little reaction to inflationary pressures and the...

Friends The bulls tried to gather the troops throughout the day, but in the end they just couldn’t muster any real buying interest. There wasn’t any real news that would trigger a big move either way, and in the end things just drifted into the close. For the day, the...

Friends After a wild weekend in the crypto world, the stock market was surprisingly calm at the open this morning. Stocks moved higher early and the market averages were able to hold onto the gains throughout the trading session. By the close, the Dow Jones Industrial...

Friends The bulls tried to end the week on a good note and were able to push the Dow into positive territory, but the weakness in the crypto currency world seemed to cast a little gloom, once again onto the playing field. Again, the only reason I mention the crypto...

Friends As the crypto currency world calmed a bit, the bulls were able to build on some of yesterday’s late in the day recovery in share prices. Though the market averages did close off the highs of the day, traders for the most part were putting money to work for...

Friends   The crypto currency world experienced some dramatic moves today and the stock market seemed to be swept up in the drama. We’ve wondered if disruptions in crypto, given how large the crypto universe has become, would cause disruptions in other markets....

Friends It was a sloppy day of trading, but the bulls were at least able to minimize the damage by the close. There are a lot of cross currents that traders are having to deal with as sectors seem to fall out then back into favor on almost a daily basis. As for today,...

Friends   After the bears made some noise Monday, Tuesday and Wednesday, the bulls made their presence known over the last two trading sessions. Despite a less than stellar retail sales number this morning market participants were in a buying mood and all of the...

Friends   Yes, yesterday’s email was a bit sarcastic, but I think you got the point. If inflation is indeed the next thing to worry about, stocks might be one of the best places to hide. Anyway, after yesterday’s drubbing, stocks had a big bounce back today,...

Friends If you were looking for a pullback, here you go. We have chronicled the problems that the Nasdaq has encountered recently, and now we have a quick 4% pullback in the S&P 500 within days. Today’s higher than expected (and a high number was expected) CPI...

Friends Today’s trading action was quite interesting. The Nasdaq fell once again at the open, but was able to turn the tide as the trading session wore on to actually push into positive territory for most of the afternoon. On the other hand, the Dow and the S&P...