Stocks Open September With a Bang!

Friday, July 06, 2012 Stock Market Commentary: Stocks and a slew of other “risk-on” assets ended mostly lower on a shortened holiday week as investors digested a slew of economic data from across the globe. In the short-term, the current rally is under pressure for US equities which began on Friday, June 29, 2012 (in…
Friday, July 20, 2012 Stock Market Commentary: Stocks and a slew of other “risk-on” assets spent most of the week rallying but fell hard on Friday as EU debt woes resurfaced. The market is back in rally-mode which suggests the path of least resistance is higher. The current rally was confirmed on the June 29,…
Friday, June 22, 2012 Stock Market Commentary: Stocks and a slew of other “riskon” assets were smacked in the third week of June as the latest economic data reaffirmed the notion that the global economy is slowing and hope for another round of QE to stimulate the economy was temporarily taken off the table. In early May,…
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…
Monday, January 09, 2012 Stock Market Commentary: Stocks and a slew of other risk assets were quiet as investors waited for earnings season to officially begin. Investors are hopeful that 2012 will be a better year for U.S. equities and risk assets than 2011 or 2010. From our point of view, the major averages confirmed their latest…
The market is currently in a correction which, according to historical precedent, suggests 3 out of 4 stocks will follow the market lower until a new follow-through day emerges. That said, taking the appropriate action on a case-by-case basis with your stocks prompts investors to raise cash when any holdings start getting in trouble. It is also important to note that the major averages have experienced multiple “corrections” since the March 2009 lows and each one has been mild at best (less than a -10% decline from the recent high). Therefore, it will be very interesting to see how low this correction goes before the bulls show up and defend support (if that happens).
Additionally, it is important to note that the market can go much lower (or higher) than anyone thinks; so it is of the utmost importance to filter out the “noise” and carefully analyze price and volume for the best read on the health of the market.