STOCK MARKET COMMENTARY: FRIDAY, October 04, 2013 The market fell last week but closed in the upper half of its range after the US government shutdown for the first time since 1996! The S&P 500 is fighting to stay above its respective 50 dma line but the DJIA broke below it. The Nasdaq Composite and…
STOCK MARKET COMMENTARY: FRIDAY, SEPTEMBER 27, 2013 The market fell last week but is on track to end the month and quarter in the black. The major averages are pulling back into their respective 50 dma lines and so far this is appears to be another shallow pullback in size (% decline) and scope (weeks,…
STOCK MARKET COMMENTARY: FRIDAY, SEPTEMBER 20, 2013 Allow us to be clear, the market is strong. The latest pullback was shallow in both size (% decline) and scope (weeks, not months). The primary catalyst behind this 4.5 year bull market remains easy money from global central banks. We just found out that the easy money…
STOCK MARKET COMMENTARY: FRIDAY, SEPTEMBER 13, 2013 The market is acting much better after another very brief pullback in both size (% decline) and scope (weeks, not months). Several of the external “fears” that plagued Wall Street since early August have eased. Last week Syria agreed to surrender its chemical weapons so that helped offset…
STOCK MARKET COMMENTARY: FRIDAY, September 06, 2013 Stocks have been under pressure (pulling back) since early August as a slew of external “fears” continue to plague Wall Street. Here are some of the “fears:” Attack on Syria (will it esclate?), Fed Taper, Lackluster earnings growth, Debt limit, & higher energy prices, to name a…
STOCK MARKET COMMENTARY: FRIDAY, AUGUST 30, 2013 Stocks were under pressure for most of August as a slew of external “fears” plagued Wall Street. Here are some of the “fears” that hurt stocks: Fed Taper, Lackluster earnings growth, Potential War Brewing in the Middle East, & higher energy prices, to name a few. We are…
STOCK MARKET COMMENTARY: FRIDAY, AUGUST 23, 2013 Stocks positively reversed (opened lower and closed higher for the week) as interest rates negatively reversed (opened higher and closed lower) as fear eased regarding when the Fed will taper. Normally, “reversals” after a decent move signal a short-term change in trend may be on the horizon. As…
STOCK MARKET COMMENTARY: FRIDAY, AUGUST 16, 2013 Stocks fell after interest rates soared last week as fear spread regarding when the Fed will taper. There are a few subtle signs that this market is getting weaker, not stronger. The benchmark S&P 500 and Dow Jones Industrial Averages both sliced below their respective 50 DMA lines which…
STOCK MARKET COMMENTARY: FRIDAY, AUGUST 09, 2013 The major averages slid last week after fear spread regarding when the Fed will taper. So far, the action remains healthy as prior chart highs are being defended. The S&P 500’s high in May was 1687 so that is the first near term area of support, then its…
STOCK MARKET COMMENTARY: FRIDAY, August 02, 2013 The major averages surged into fresh new high ground after last week’s Fed meeting. Additionally, it was encouraging to see them break out of small handle patterns on daily chart. This action is healthy and bodes well for the ongoing and very strong Fed induced rally. It is…