State of the Markets
The Latest Bright, Shiny Object Is...
Don't you just love this game? Or, after the action of the last couple of days, perhaps I should put that another way... Doesn't this game drive you absolutely batty at times?
You see, no sooner had I tapped out a missive esplainin' that the state of the dollar and/or interest rat…
All About the Buck
The primary goal of my oftentimes meandering morning market missive is to attempt to identify the key drivers of the stock market on a daily basis. The idea is to try and stay in tune with what "is" actually happening in the market and to avoid the trap of thinking about what "should" be …
Triple Whammy Causing Consternation
Stocks got smacked around pretty good on Tuesday as a triple whammy of negative news caused traders and their computers to suddenly rethink their outlook.
Cutting to the chase, it was a combination of lousy earnings guidance, surprisingly hawkish Fedspeak, and a fresh worry on the…
Is It Time To Turn That Frown Upside Down?
To be sure, the action in the stock market has been sloppy for the better part of three months now. For example, the S&P 500 closed at 2163.75 on July 15 and at 2163.66 yesterday - can you say, sideways?
Yes, there has been some drama along the way as traders have fretted abou…
Indicator Review: Can You Say Neutral?
Good Monday morning and welcome back. Before we let the blinking screens take over our lives again, let's step back and look at the state of the market and review our objective major market indicators/models.
The first step is a review of the price/trend of the market. Here's my c…
Why Tactical Isn't Working - Part VII (The Solutions)
This morning I'd like to finish what has turned out to be a rather lengthy series on why tactical management strategies have not been living up to expectations over the last several years.
Last time, we talked about the role that "the machines" play in the stock market and the imp…
Indicator Review: Dazed and Confused
Good Monday morning and welcome to the home stretch of 2016. Before we let the blinking screens take over our lives on the first first day of Q4, let's step back and start the week with a review of the state of the market and our objective major market indicators/models.
The first…
All About Deutsche
On this final trading day of the third quarter, the focus has shifted entirely to state of Germany's biggest banks, namely Commerzbank and Deutsche Bank. While the soundness of the European banking system has been an issue on and off since the credit crisis ended in 2009, specific concern…
Why Tactical Isn't Working - Part VI (The Rise of the Machines)
One down, one to go. Important central bank meetings, that is. While we will have to wait a few more hours to hear whether Janet Yellen's merry band of central bankers is going to raise interest rates today, we did learn overnight that the Bank of Japan will now target the level of intere…