State of the Markets
The Question Of The Day Is...
By: David Moenning
From my seat, the question of the day is whether or not we've seen the lows for the current corrective phase. I can actually argue both sides of this one as the indicator evidence has been and continues to be mixed. For example, the bulls argue that the declines seen since February's emot…
The Indicators Tell Us...
As I opined yesterday morning, I believe stocks are in the midst of what is called a "bad news panic." Typically, such environments take hold when players are focused on a single event (or, in this case, a potential event) that appears to be negative. The bottom line is the situation crea…
Remember, Good News Can Happen Too
The primary purpose of my oftentimes meandering morning market missive is to identify the primary drivers of the stock market environment. As I've stated a time or three, the idea is that if we can stay in tune with what Ms. Market is doing and why in the short-term, then we have a better…
Good Thing Trade Wars Are "Easy to Win"
It's a good thing trade wars are "easy to win," right? Otherwise, investors couldn't really be blamed for doing some hand-wringing over yet another big, red down day for the stock market. A day where the venerable Dow Jones Industrial Average dropped an eye-popping 724 points, or -2.93%. …
What We Learned
By: David Moenning
As usual, there was a fair amount of volatility following the Fed announcement yesterday. As usual, stocks spiked in both directions as the algos plowed through the statement and reacted to everything they found. And as usual, it took a few minutes for the humans to digest what Mr. Powell…
And Now We Wait...
By: David Moenning
And now we wait. For this afternoon's Fed meeting, that is. Make no mistake about it; while there is plenty of other "stuff" for traders to occupy their time with today, what Jay Powell and friends have to say about the economy, inflation, rates, "the runoff," and the now famous "dots" wi…
Here We Go Again
By: David Moenning
Well, here we go again. Just when I had described the recent five-day pullback as "orderly" all heck breaks loose and the stock market makes headlines again for producing big, red numbers.
As long-time readers know, I tend to obsess over the drivers of the stock market action. I f…
Both Teams Appear To Have An Argument
By: David Moenning
What a difference a week makes in this game, right? At this time last week, we were celebrating the "Goldilocks" economic data and the six-day run higher in stocks that pushed the NASDAQ Composite to a fresh all-time high. However, five days and four big, red candlesticks later, the enthu…
Goldilocks Is Alive And Well
By: David Moenning
I am running to the airport in a few minutes, so I'll keep this brief and to the point. While the narrative in the stock market can change in the blink of an eye, it appears that Friday's Jobs report put the bulls back in control of the game.
The key word being used to describe th…
The Most Interesting (Chart) In The World
By: David Moenning
As I may have mentioned a time or three, I don't usually write on Friday mornings. After penning an almost daily missive on the state of the market since the late 1990's, I figure I can a day off every now and again.
However, in running through my charts, I was struck by the curre…