STOCK MARKET COMMENTARY: FRIDAY, MARCH 21, 2014 The bulls remain in control of this market as the major averages continue to shrug off a slew of “bad” headlines. The benchmark S&P 500 (SPX) is back in the black for month, quarter and year which illustrates how strong the bulls are right now. Since the Feb 5th…
While chart watchers got fired up when a play on home builders broke out to a record high last month, the SPDR S&P Homebuilders ETF XHB hasn’t done much since then. MarketWatch columnist Kevin Marder and Adam Sarhan of Sarhan Capital were among the technical analysts who pointed out XHB’s bullish move above 34 last month. They weren’t necessarily…
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Want More? JOIN OUR FREE NEWSLETTER Here are my thoughts from yesterday’s Fed meeting: Overall- I’m still bullish and think the reaction was a little exaggerated. The big takeaway is that “good” economic data might not be “good” for the Wall Street because that would imply a rate hike might occur sooner than initially expected. Of…
LIKE THIS POST? JOIN OUR FREE NEWSLETTER I Love People: Let me begin by saying that I love people. People fascinate me. I love learning what makes them tick (pun intended). Why they make their decisions? What fears do they have? What hopes do they have? What is holding them back? Why do some excel…
LIKE THIS POST? JOIN OUR FREE NEWSLETTER FOCUS ON FACTS, NOT HEADLINES: The US stock market is (very) strong. Remember, it is very easy to get caught up in the latest headline(S) and lose track of what matters most: price action. Until I see any signs of serious distribution (heavy institutional selling) the market deserves…
LOOKING FOR LEADING STOCKS? TRY FINDLEADINGSTOCKS.COM? Facts Matter: The accompanying annotated 3-month daily chart of the S&P 500 illustrates how strong the bulls are right now. After all is said and done- the market is up less than 1% for the year, less than 1% below its all time high (hit two weeks ago on…
LIKE THIS Post? JOIN OUR FREE NEWSLETTER How To Navigate The Unknown: I can’t tell you what will happen this weekend or how the market will react on Monday (no one can)- but I can tell you that barring some unforeseen event, the tape remains strong right now. Since fear is elevated and many people are…
STOCK MARKET COMMENTARY: FRIDAY, MARCH 14, 2014 It was a tough week on Wall Street; The benchmark S&P 500 (SPX) negated its latest breakout (above), turned negative for the week and year, and closed just near its 50 dma line. In the past 6 weeks, from the Feb 5th low of 1737, the S&P 500…
LOOKING FOR LEADING STOCKS? WHY NOT TRY FINDLEADINGSTOCKS.COM? As of Thursday’s close, the SPX is less than 2% below its all-time high. No question it was an ugly day but a look beneath the hood might suggest it is not as bad as it seems- yet. Earlier today I was quoted in WSJ’s lead story…