STOCK MARKET COMMENTARY: FRIDAY, NOVEMBER 13, 2013 The SPX and DJIA fell for a second straight week but found support near their prior chart highs and aboce their respective 50 DMA lines. As long as support holds, by definition, the bulls remain in control of this market. To put this pullback in the proper perspective,…
STOCK MARKET COMMENTARY: FRIDAY, NOVEMBER 06, 2013 The SPX and DJIA snapped their 8-week win streak but ended in the upper half of the range (which is a healthy sign). As we have mentioned several times recently, in the short-term the market is extended and a light volume pullback would do wonders to restore the…
STOCK MARKET COMMENTARY: FRIDAY, NOVEMBER 29, 2013 Stocks enjoyed their 8th consecutive week as the major averages continue to march higher. As we have mentioned several times recently, in the short-term the market is extended and a light volume pullback would do wonders to restore the health of this rally. The market negatively reversed (opened…
STOCK MARKET COMMENTARY: FRIDAY, NOVEMBER 22, 2013 Stocks enjoyed their 7th consecutive week as the major averages continue to march higher. As we have mentioned several times recently, in the short-term the market is extended and a light volume pullback would do wonders to restore the health of this rally. So far, these pullbacks are…
STOCK MARKET COMMENTARY: FRIDAY, NOVEMBER 15, 2013 Stocks rallied for a sixth consecutive week as the major averages continue to march higher. As we have mentioned several times recently, in the short-term the market is extended and a light volume pullback would do wonders to restore the health of this rally. The fact that the…
STOCK MARKET COMMENTARY: FRIDAY, NOVEMBER 08, 2013 Stocks rallied for a fifth consecutive week as the major averages continue to march higher. As we have mentioned several times recently, in the short-term the market is a little extended and a light volume pullback would do wonders to restore the health of this rally. The fact…
STOCK MARKET COMMENTARY: FRIDAY, November 01, 2013 Stocks rallied for a fourth consecutive week as the major averages continue to march higher. As we have mentioned several times recently, in the short-term the market is a little extended and a light volume pullback would do wonders to restore the health of this rally. The intermediate…
STOCK MARKET COMMENTARY: FRIDAY, OCTOBER 25, 2013 Stocks rallied for the third straight week as the bulls remain in control of this market. In the short-term the market is getting extended and a light volume pullback would do wonders to restore the health of this rally. As we have mentioned several times this year, we…
STOCK MARKET COMMENTARY: Friday, October 18, 2013 The market positively reversed for the second straight week (opened lower and closed higher) after the geniuses in D.C. agreed to a last minute deal to kick the can down the road a few more months. As we have mentioned several times this year, we are in a…
STOCK MARKET COMMENTARY: Friday, October 12, 2013 The market positively reversed last week (opened lower and closed higher) after investors believed that a deal would get done in DC. So far this appears to be just another shallow pullback in size (% decline) and scope (weeks, not months). The primary catalyst behind this 4.5 year…