Bulls Back In Control Stocks rallied in the third week of September after several global Central Banks across the developed world clearly reaffirmed their easy money stance. From where we sit, the primary driver of this very strong 5.5 year bull market has been easy money from global central banks. Remember the S&P 500 (SPX) has soared when…
Stocks Snap A Very Strong 5-Week Win Streak Stocks fell in the first week of September, causing the benchmark S&P 500 (SPX) to snap a 5-week win streak. During that very strong 5-week win streak, the SPX rallied from 1904 to 2011, or 107 points (or +5.6%). That is a large move by any normal definition….
The Bulls Remain In Control Stocks rallied over the shortened holiday week after the European Central Bank (ECB) fired a bazooka and the US jobs report came in weaker than expected (which means the US Fed will maintain its “easy money” stance. We would argue that the primary driver of this very strong 5.5 year bull market…
The Market Is Not Expensive Even As The Market Melts- Up August 2014 went down in history as a very strong month for US stocks. The 5.5 year bull market remains alive and well and almost all of the major averages hit new multi-year or record highs in August. At the beginning of August, we saw another…
Bulls Are Back In Control After a very short 2.5 week pullback, the bulls showed up and regained control of the market. The pullback has ended now that the S&P 500 (SPX) and the Nasdaq composite have both hit new highs for the year. The DJIA & Russell 2000 are trading just below their record highs….
Stocks Bounce on Wall Street: Resistance Shown Below For Major Averages After a very short 2.5 week pullback, the bulls showed up and regained control of the market. So far, every pullback for the past two years has been healthy as they have been shallow in both size (shallow % decline) and scope (short in duration)….
Bulls Are Down But Not Out: It was a busy week on Wall Street but after everything was said and done, the market closed slightly positive which is a healthy sign for the bulls. It was also encouraging to see the bulls show up and defend the market’s prior chart highs (see below; resistance is…
Market Finally Takes A Breather: We wrote last week that, “In the short term, the market looks a little tired up here and has earned the right to pause for a while to catch its breath.” That is exactly what has happened as the major averages fell last week after a slew of “important” data was…
Stocks Taking A Breath After A Big Run: In the short term, the market looks a little tired up here and has earned the right to pause for a while to catch its breath. The bifurcated environment we have discussed at length in recent weeks remains in full effect- as large cap stocks (on average), continue…
Stocks Shrug Off Geo-Political Woes: 07.18.14 Stocks Are Strong The market has had every reason in the world to fall and refuses to budge. Instead, the S& P 500 turned positive for the week and the Dow Jones Industrial Average & Nasdaq 100 both closed at new highs for the year! That, my friends, is a…