Stocks Bounce After Very Tough Week On Wall Street The market looks like it just put in a near term low on Friday as the bulls showed up and defended the longer-term 200 DMA line. In the last two weeks, the market erased the last 10-week’s of gains. That, ladies and gentlemen, is not an…
Stocks Finally Pullback, Now What? The market is finally pulling back to consolidate its very healthy and very strong advance. Remember, markets do not go up forever and it is perfectly normal (and healthy) to see the market pullback after a very strong rally to consolidate the move. Nice orderly pullbacks are healthy and allow…
Stocks Rally On Strong Earnings The bulls remain in clear control of this market as the impressive rally continues unchecked. There are a few important things to note: First, the market is extremely extended. Second, it refuses to fall. In fact, pullbacks last a few hours, not even a few days. Third, even stocks that…
Coffee, Cocoa, Orange Juice Futures Rally on Demand Hopes By Amrith Ramkumar Published January 22, 2018 Dow Jones Newswires Several soft commodities rallied with energy products and metals Monday as the dollar fell following the International Monetary Fund’s upward revision to its global growth forecasts for 2018 and 2019. Arabica coffee for March delivery climbed 1.1% to…
Stocks Rally As Earnings Season Begins Not much changed from my comments last week. Stocks went from being overbought, to being very over-bought in a matter of a few weeks. The fact that the market refuses to fall in a meaningful fashion clearly shows you how strong the bulls are right now. Stepping back, it…
Dow jumps 250 points, breaks above 26,000 once again The S&P 500 gained 0.8 percent, with staples and tech as the best-performing sectors. Bank of America reported adjusted quarterly earnings that surpassed analyst estimates. Earnings season is off to a strong start thus far. Jan 17, 2018 Stocks traded higher on Wednesday following the release…
Stocks Rally Ahead of Earnings Season Stocks went from being overbought, to being very over-bought in a matter of a few weeks. The fact that the market refuses to fall in a meaningful fashion clearly shows you how strong the bulls are right now. Stepping back, it is important to keep a cool head and…
2018 – Rally Continues 2018 opened with a bang! Not only did the major averages continue to hit new record highs, there was virtually no selling to speak of. Clearly, this is very strong action and it tells you that the bulls remain in control as sellers remain virtually no where to be seen. What…
Dow, S&P 500 and Nasdaq hit record highs; chip stocks rise The Nasdaq composite jumped 0.6 percent to a record, with Advanced Micro Devices surging more than 6 percent; the Dow and S&P 500 also hit record highs. Investors largely shrugged off a tweet from President Donald Trump about North Korea’s Kim Jong-Un. Wednesday, January…
2017 – Another Solid Year For Stocks 2017 will go down in history as another solid year for Wall Street. The major averages all surged to fresh record highs as volatility remained exceptionally low. There were several bullish macro catalysts for the strong rally on Wall Street, most notably: Strong GDP, Corporate Earnings, Low Interest…