Riding Higher
The market continues to remain sticky on the upside after a long string of up day was snapped mid-week. Oil caught fire again late in the week and closed near $109 a barrel. Will this provide some...
View ArticleNew High
Last week we barely got a 2.5% drop from the peak and this week we are already back at new high after Ben reaffirmed continuous QE support. High beta momentum stocks are flying on the days when the...
View ArticleChoppy August
The market likely needs a rest and should see some consolidation. Lately, the markets have tended to bounce midday and recoup some of their early losses. So it will be interesting to see if we break...
View ArticleFISHER SAYS INVESTORS REALIZING `THERE’S NO QE INFINITY’
We officially hit the 3% decline threshold this week and in the process tested the 50 day moving average on S&P. Late day WSJ rumored article gave us a small boost before the Friday close. There...
View ArticleFour Horsemen of Tech
Market breathed a sigh of relief as we did not test the 100 day ma and bounced post the FOMC minute melt down. Bonds finally bounced helping REITs in the process. 4 horsemen of tech LNKD, NFLX, TSLA,...
View ArticleOne Last Hurrah?
Trading volumes continue to run very light, and contribute to the choppy trading on the last day of the month. Syrian news and month end rebalance caused several 7-8pt moves in minutes The bulls...
View ArticlePutin Scare
Confusing action on Friday, a weak jobs number and Putin comments provided two large 20 point swings early, but all in all a typical NFP day. The S&P 500 is still about 5 points below its 50-day...
View ArticleSummers Rally
On the S&P, we held above the 50 day and digested gains for the last two days. New highs looked possible when we pushed above last Thursday’s reversal point after hours on Friday. Stocks that...
View ArticleNo Taper
Dip buyers continue to add to equity exposure and momentum stocks continue to be on fire. Despite all the worries about the taper, the debt ceiling, Syria, etc. the stock market has again found its...
View ArticleRocky Road
The recent pullback has been fairly shallow, but worries about Italy and USA budget issues has the futures testing the 50 day moving average. We have another 10 point down side to test the next level...
View ArticleShut Down Smack Down
S&P 500 is struggled with holding its 50-day support in the midst of shut down fear. There is also a lot of headline noise right now from Washington. Further impasses with regards to the debt...
View ArticleSanta Ready to Buy the Dip
After a rocky start to the week, last 2 days action has been quite positive. However, any agreement for a 6-week debt ceiling extension merely puts us right back in this uncertain position around the...
View ArticleNew High
With some fund managers lagging from the strong bull market moves, we may be faced with very shallow dips into year end. This bull market continues to amaze as we finished at a new closing high this...
View ArticleSuper Bull
Stocks continued higher with intraday 0.5% pullbacks to recharge. It could be tough for the bears into year end. Apple earnings and FOMC early next week could add fire to an already strong market.
View ArticleConsolidation
The bulls showed up late and prevented a third down day in a row. But the selling has been pretty orderly and sparks more of consolidation of the recent run. I would expect more backing and filling...
View ArticleRollercoaster Ride
Growth stocks are succumbing to profit taking with many testing or breaking below their 50-day moving averages. The correction crowd got jumpy after the TWTR sell off. The rollercoaster ride...
View ArticleStrong Advance
Sticking to the playbook and looking for spots to add to stocks that have consolidate and pulled back from recent highs continues to be the right path. 3D printing names led, financial broke to new...
View ArticleHoliday Buyers
This breakout in AAPL should attract more late-to-the-party buyers and reinforce the positive price action. Markets continue to print new highs daily and beginning of the month and strong December...
View ArticleSanta
When the November nonfarm payrolls report came out better than expected (203,000 jobs vs. expectations for 180k) expected taper sell off at the open of trading did not happen. Moreover, the...
View ArticleSanta Shake Out
Two week shake out before the Santa Claus rally continued this week. A pullback in the market and working off some of the overbought conditions in many stocks could set the market up nicely for another...
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