State of the Markets
Time to Pick a Side?
There are two clear camps regarding the outlook for the stock market at the current time. On one side of the aisle there are the bulls, who contend that the recent break to fresh all-time highs (a) was driven by expectations for an improving economic and earnings picture, (b) accompanied …
Still Skeptical of the Rally?
If you find yourself skeptical about the sustainability of the current run for the roses in the stock market, you aren't alone. Frankly, you can't be blamed for expecting something negative to come out of the woodwork which would send traders into a selling tizzy and toss the major indice…
The Good/Bad News of New Highs
First the good news. The DJIA, S&P 500, and Mid-cap indices all closed at new all-time highs yesterday. In addition, most of our trend and internal momentum indicators are green, which is to be expected at this point in the game. On that note, our 10-day advance/decline indicator - wh…
Time To Uncork the Champagne?
After more than a year of ups and downs, which some contend included a "mini" or cyclical bear market, the S&P 500 finally returned to The Promised Land yesterday with a new all-time closing high. To be sure, there were no fireworks on display as the venerable index closed well off th…
Is a Breakout In the Cards?
Good morning and welcome back. Friday's Jobs report provided traders with confirmation that the U.S. economy is not falling off a cliff and that May's nonfarm payroll data was a one-off. Even without the 170,000 striking Verizon workers returning to work (which artificially inflated the d…
Does Strong Jobs Report Give Bulls the Edge?
Well, it's finally here - Jobs day. To be sure, this is the Big Kahuna of economic reports these days. The Nonfarm Payroll data is closely watched as an indicator of both economic health and a "tell" for the Fed's future monetary policy moves. So, let's get to the numbers.
After l…
The Early Take: Time to Work on Your Short Game
Here's our "early take" on the current state of the markets...
With the dramatic decline in the British Pound having slowed and the all-important jobs report on tap tomorrow morning, calm seems to be the word of the day so far in the markets. So, with vacation season in full swing…
And We're Back...
If you find yourself shaking your head over the action of the stock and bond markets over the past six sessions, you are not alone. Talk about schizophrenic!
To review briefly, one week ago today the bears told us that the economic world as we know it was about to end due to the B…
Reasons For The Rebound
Well that didn't take long! After two days of selling and an awful lot of talk about the end of the economic world as we know it, stocks bounced on Tuesday and are furthering gains in the early going on Wednesday.
So what gives, you ask? Why did we see panic selling one moment and…
BREXIT Means Yet Another Trip Through the Range
Good morning and welcome back to the circus. To be sure, the level of macro uncertainty clearly spiked on Friday and the prognostications of the BREXIT vote are coming fast and furious. But the bottom line is the stock market was fooled on Friday and traders (and their margin clerks) took…