STOCK MARKET COMMENTARY: FRIDAY, JULY 26, 2013 The major averages continue acting very well as they paused last week to digest their four week and very strong rally. It is healthy to see the major averages remain perched near their highs as investors await a slew of data next week (GDP, Fed Meeting, Jobs Report,…
STOCK MARKET COMMENTARY: FRIDAY, JULY 19, 2013 The major averages rallied for a fourth straight week helping nearly all the popular indices hit new all-time highs. Meanwhile, the tech-heavy Nasdaq hit a 13-year high. The strong bull market that we are experiencing continues to be driven by easy money policies from global central banks. After…
STOCK MARKET COMMENTARY: FRIDAY, JULY 12, 2013 The major averages rallied for a third straight week helping small-cap Russell 2000 hit a new all-time high and the DJIA & SPX enjoy new record high closes. The strong bull market that we are experiencing continues to be driven by easy money policies from global central banks….
STOCK MARKET COMMENTARY: Friday, July 05, 2013 The major averages rallied for a second straight week helping the major averages close back above their respective 50 DMA lines. The strong bull market that we are experiencing continues to be driven by easy money policies from global central banks. That said, the US Fed continues to…
STOCK MARKET COMMENTARY: FRIDAY, JUNE 28, 2013 The major averages enjoyed their largest start to the year since 1998/1999 (depending on the index), rallying above 12%. The strong bull market that we are experiencing continues to be driven by global central banks. That said, the US Fed continues to print $4B/day and other central banks…
STOCK MARKET COMMENTARY: FRIDAY, JUNE 21, 2013 The major averages sliced below support on Thursday after the Fed opened to the door to taper QE sooner than initially expected. The benchmark S&P 500 is down in 4 of the past 5 weeks which suggests the bears are now in control of this market. For most…
By Kate Gibson, MarketWatch NEW YORK (MarketWatch) — U.S. stocks fell slightly on Wednesday after a two-day rally, with investors reluctant to make any big moves ahead of the Federal Reserve’s policy decision later in the day. “My expectation is we will sit in a sideways holding pattern until the Fed announcement,” said Randy Frederick, managing…
STOCK MARKET COMMENTARY: FRIDAY, JUNE 14, 2013 For the second straight week the bulls defend three important areas of support for the major averages: 50 DMA line, 6-month upward trendline, & April’s high. So far, every pullback this year continues to be very shallow in both size (% decline) and scope (relatively short) which bodes…
STOCK MARKET COMMENTARY: Friday, June 07, 2013 The benchmark S&P 500 (SPX) experienced another shallow pullback in both size (-5.3%) and scope (only 2 weeks) as the bulls defended three important areas of support (50 DMA line, 6-month upward trendline, & April’s high) last week. So far, every pullback this year continues to be very…
Stock Market Commentary: Friday, May 31, 2013 The major averages enjoyed their first monthly gain in May since 2009 and their first Jan-May winning streak since the 90’s as the Fed continues flood the system with liquidity. Stocks negatively reversed on Wednesday, May 22, 2013 after the Fed hinted that they may begin tapering as…