MARKET UPDATE: Stocks End Week Near 2014 Highs- – 5.2.14 In the short term, the market is acting much better as the S&P 500 and DJIA continue to flirt with fresh record highs. Meanwhile, the Nasdaq, Small/Mid Cap stocks continue to lag their peers as biotechs, high-beta, and growth stocks remain under pressure. As previously…
Ominous Market Parallel Developing: Prior Bull Markets vs Current Bull The last two bull major markets topped out (a.k.a. ended) after turning 5. The last leg of the dot com bubble (1994-1999 bull market) topped out in March 2000 (just over 5 yrs) and the 2002-2007 housing/credit bull market topped out in Oct 2007, exactly…
Earnings Season- Sell The Rumor, Buy The News? – 4.17.14 In the few weeks leading up to earnings season we saw a decent amount of short-term technical damage in the market (you know the areas: mainly, Biotechs, Growth & Momentum stocks). Then earnings season began and we are now seeing the…
Ugly Action Continues On Wall Street: The market sold off hard last week as sellers continued to pound stocks. As previously mentioned, the vehemence of the sell-off suggests more time is needed before the bulls regain control. The tech-heavy Nasdaq composite has fallen (on heavier volume) in each of the past 3 weeks. All of the major averages are…
STOCK MARKET COMMENTARY: FRIDAY, April 04, 2014 The market sold off hard after Friday’s jobs report was announced. The vehemence of the sell-off suggests more time is needed before the bulls regain control of this market. The tech-heavy Nasdaq composite experienced its largest single-day decline since 2012 as the biotechs, momentum, and a slew of…
STOCK MARKET COMMENTARY: FRIDAY, MARCH 28, 2014 This has been a very “busy” month for stocks as the market digested a slew of negative headlines (Russia, China, Yellen, etc) and a ton of heavy selling in biotechs, momentum, and growth land. Monday is the last trading day of the month and quarter. So far, the…
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…
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…
LIKE THIS POST? SIGN UP FOR OUR FREE NEWSLETTER STOCK MARKET COMMENTARY: FRIDAY, March 07, 2014 The benchmark S&P 500 (SPX) surged to another record high last week which illustrates how strong the bulls are right now. In the past 5 weeks, from the Feb 5th low of 1737, the S&P 500 jumped a very…
Looking For Leading Stocks? Try FindLeadingStocks.com? (For Under $3/Day Why Wouldn’t You Give It A Try?) STOCK MARKET COMMENTARY: FRIDAY, FEBRUARY 28, 2014 The benchmark S&P 500 (SPX) jumped to a fresh record high on Friday and broke out of an inverse Head & Shoulders continuation pattern (shown above). This is very healthy action considering…