S&P 500 Jan 2014 Return vs. Average Jan Return
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Two Words To Describe This Market: MELT UP
Don’t Fight The Tape: This is a VERY strong bull market and I’m reminded of the old adage: Don’t fight the tape. Eventually, this market will pullback- the only question is when, not if. That said, be very careful (don’t) chase stocks up here- AFTER a big run. Melt Up: One glance of the following hourly…
Why The SPX Hit A Record High On Lousy Economic Data
GDP Shrinks By 1%; SPX Hits A New Record High Before Thursday’s open, The Commerce Department said gross domestic product (GDP) slid by a -1% annualized rate in Q1 2014, missing estimates for a decline of -0.4%. Pending home sales rose by only 0.4%, missing estimates for a 1% gain. Meanwhile, the S&P 500 (SPX) hit…
Market Update: Downdraft Continues… For Now
Note: The Following is an excerpt from an intra-week update sent to our clients earlier today. Market Update: Downdraft Continues… For Now If today’s lows hold, there is a very high likely hood that we bounce from here. If not, the downdraft will likely continue. As mentioned in earlier this week, it is time to play…