STOCK MARKET COMMENTARY: FRIDAY, MAY 24, 2013 Stocks negatively reversed on Wednesday after the Fed hinted that they may begin tapering as soon as next month. From our point of view, this marked a significant inflection point in the market as the narrative has shifted. So far, every pullback this year has been very shallow in both…
STOCK MARKET COMMENTARY: FRIDAY, MAY 17, 2013 Stocks hit another record high last week as this Central Bank driven rally continues apace. We changed the status from rally under pressure to confirmed rally in our Tuesday 4/23/13 mid-week update and noted that the bulls are back in control of this market. So far, every pullback…
Stock Market Commentary: Friday, May 10, 2013 We changed the status from rally under pressure to confirmed rally in our Tuesday 4/23/13 mid-week update and noted that the bulls are back in control of this market. So far, every pullback this year has been very shallow in both size (% decline) and scope (days, not…
Stock Market Commentary: Friday, May 3, 2013 We changed the status from rally under pressure to confirmed rally in our Tuesday 4/23/13 update and noted that the bulls are back in control of this market. So far, every pullback this year has been very small in both size (% decline) and scope (days, not weeks)….
Stock Market Commentary: Friday, April 26, 2013 We changed the status from rally under pressure to confirmed rally in our Tuesday 4/23/13 update and noted that the bulls are back in control of this market. So far, every pullback this year has been very small in both size (% decline) and scope (days, not weeks)….
Friday, April 19, 2013 Stock Market Commentary The market rally is under pressure as we are beginning to see elevated levels of distribution across the board. We are also entering the “Sell in May” time-frame which has worked almost perfectly over the past three years. Since 2010, the DJIA has fallen 800 points in the latter of…
Friday, April 12, 2013 Stock Market Commentary: The market remains in a confirmed rally as the bulls showed up and quickly quelled the bearish pressure from the first week of April. So far, we have seen two very mild pullbacks in the S&P 500, both very shallow in size (<3%) and scope (less than 2…
Friday, April 04, 2013 Stock Market Commentary: The current rally is under pressure as distribution (institutional selling) spiked higher in the first week of the second quarter. The elevated distribution sent a slew of leading stocks and market indexes below their respective 50 DMA lines. Defense is paramount until the market can make its next move. So far,…
Friday, March 28, 2013 Stock Market Commentary: Stocks ended higher last week as Cyprus woes eased and stocks enjoyed their largest first quarter gain in years. So far the action in the major averages remains very strong as the number of distribution days (i.e. institutional selling) remains limited and the last pullback was shallow in size and…
Friday, March 22, 2013 Stock Market Commentary: Stocks ended slightly lower last week as Cyprus woes briefly hurt the riskon trade. So far the action in the major averages remains very strong as the number of distribution days remains limited and the last pullback was shallow in size and scope. The S&P 500 pulled back 2.9% after…