Friday, October 26, 2012 Stock Market Commentary: The major averages ended in the red last week but the bulls showed up and defended the Nasdaq’s 200 DMA line- for now. So far, this is nothing more than a normal pullback after a big run evidenced by the fact that the benchmark S&P 500 is just…
Friday, October 19, 2012 Stock Market Commentary: The major averages ended mixed last week but ended near their lows (which is not a healthy sign for the bulls) as sellers showed up in the latter half of the week and sold shares. So far, this is nothing more than a normal pullback after a big…
Friday, October 12, 2012 Stock Market Commentary: The major averages fell last week and broke down below their respective 50 DMA lines for the first time since July. So far this is nothing more than a normal pullback after a big run. The S&P 500 is less than -4% below its multi year high of…
Friday, October 5, 2012 Stock Market Commentary: The major averages rallied last week and retested their prior chart highs after a two week consolidation. We find it very bullish to see the benchmark S&P 500 jump nearly 16% from June-September (1266-1474) and continue to flirt with fresh multi-year highs. It is also healthy to see the…
FRIDAY, SEPTEMBER 28, 2012 STOCK MARKET COMMENTARY: The major averages paused last week to consolidate their recent (and robust) gains. From its summer low of 1266 the benchmark S&P 500 index has jumped a nearly 15%! After such a strong move, it is normal, and healthy, to see the market pullback, or move sideways, to…
Friday, September 21, 2012 Stock Market Commentary: The major averages paused last week to consolidate their recent (and robust) gains. From its summer low of 1266 the benchmark S&P 500 index has jumped a nearly 15%! After such a strong move, it is normal, and healthy, to see the market pullback, or move sideways, to…
FRIDAY, SEPTEMBER 14, 2012 STOCK MARKET COMMENTARY: The major averages soared to fresh multi-year highs after the Fed stepped up and announced a new open-ended round of QE 3. From its summer low of 1266 the benchmark S&P 500 index has jumped a nearly 15%! After such a strong move, it is normal, and healthy,…
Friday, September 05, 2012 Stock Market Commentary: The major averages soared to fresh multi-year highs after the ECB announced a new bond buying program to help lower yields on troubled EU countries. From its summer low of 1266 the benchmark S&P 500 index has jumped a very impressive 13%. After such a strong move, it…
Friday, August 31, 2012 Stock Market Commentary: The benchmark S&P 500 index and Dow Jones Industrial average remain perched just below their recent 52-week highs as they pause to consolidate their recent two month rally. At this point, this appears to be a normal correction however, if the selling intensifies one should quickly adjust your…
Friday, August 24, 2012 Stock Market Commentary: The benchmark S&P 500 index and Dow Jones Industrial average snapped a 6-week rally after encountering resistance near their 2012 highs. The underlying notion that has helped stocks rally has been further easing from global central banks. Some market participants are hoping that the tepid economic and earnings…