Stocks Edge Higher On A Shortened Holiday Week Stocks edged higher during the shortened holiday week and enjoyed their sixth consecutive weekly gain- helping the S&P 500 hit another record high. Over the past month, we have seen a massive coordinated “offensive” from global central banks to help boost both Main St & Wall St. At…
Stocks Soar As The Easy Money Party Continues After a brief 2.5 week consolidation, the benchmark S&P 500 (SPX) soared to new record highs last week after China’s Central Bank cut rates and joined the easy money party. It has been a very “interesting” few weeks on Wall Street. At the end of October, we…
Stocks Grind Higher…For Now Not much changed last week. The market remains exceptionally strong as nearly all pullbacks remain almost nonexistent. Over the last two weeks we saw the Bank of Japan & The European Central Bank step up and announce aggressive measures to stimulate their lackluster economies. The benchmark S&P 500 (SPX) continues trading…
Stocks Rally As Easy Money Party Continues! The market remains exceptionally strong as nearly all pullbacks remain almost nonexistent. Last week we saw the ECB join the QE party as the benchmark S&P 500 (SPX) hit a fresh record high. To be clear, the market is very extended right now and a light volume pullback into…
The Fed Put Has Shifted To The Central Bank Put! October 2014 is now in the history books. It was one of the wildest months in the history of Wall Street. The benchmark S&P 500 (SPX) is trading like a penny stock (which typically ends poorly). In the first two weeks of October, the SPX plunged -8%…
Strongest Weekly Gain Of 2014! The major averages soared last week helping the benchmark S&P 500 index soar a whopping +8% in only 8 trading sessions! That is a huge move and speaks volumes to how strong the bulls are right now. Remember, in a non-QE world, a 10% annual rally was considered decent. So 8%…
Oversold Bounce Finally Arrives The major averages opened the week lower but closed the week near their highs which signals a near-term low may be in place. The small-cap Russell 2000 continues to lead the other popular indexes, both up and down. The RUT actually closed higher for the week and is back above 1082 which…
Stocks Smacked In Heavy Volume The major averages fell hard last week as the sellers remain in control of this market. Stocks fell in September and are down hard again in October. Volatility is spiking which is another bearish sign. The action is outright bearish and we would not be surprised to see the market crash…
Stocks Pullback The major averages fell in September and squeezed out a nominal gain for Q3. September was only the third monthly decline for the S&P 500 (SPX) in 2014. The bigger concern from where we sit is something virtually no-one is talking about- What will happen when QE 3 Ends? Remember the S&P 500 (SPX) soared when…
Sellers Fighting For Control Stocks fell in the last full week before the month and quarter officially end (Tuesday’s close). Barring some unforeseen rally into Tuesday’s close, the benchmark S&P 500 (SPX) fell in September but ended higher for the quarter. If stocks close lower for the month, this will be the third monthly decline for…