STOCK MARKET COMMENTARY: FRIDAY, JANUARY 17, 2013 The S&P 500 ended the week higher and came within a few points of turning positive for the year. The market continues acting very well as it continues consolidating its very strong year-end rally. Remember the bullish fundamental backdrop is still in place for stocks. There bulls are…
STOCK MARKET COMMENTARY: FRIDAY, NOVEMBER 06, 2013 The SPX and DJIA snapped their 8-week win streak but ended in the upper half of the range (which is a healthy sign). As we have mentioned several times recently, in the short-term the market is extended and a light volume pullback would do wonders to restore the…
STOCK MARKET COMMENTARY: FRIDAY, NOVEMBER 15, 2013 Stocks rallied for a sixth consecutive week as the major averages continue to march higher. As we have mentioned several times recently, in the short-term the market is extended and a light volume pullback would do wonders to restore the health of this rally. The fact that the…
STOCK MARKET COMMENTARY: FRIDAY, NOVEMBER 08, 2013 Stocks rallied for a fifth consecutive week as the major averages continue to march higher. As we have mentioned several times recently, in the short-term the market is a little extended and a light volume pullback would do wonders to restore the health of this rally. The fact…
STOCK MARKET COMMENTARY: FRIDAY, November 01, 2013 Stocks rallied for a fourth consecutive week as the major averages continue to march higher. As we have mentioned several times recently, in the short-term the market is a little extended and a light volume pullback would do wonders to restore the health of this rally. The intermediate…
STOCK MARKET COMMENTARY: FRIDAY, OCTOBER 25, 2013 Stocks rallied for the third straight week as the bulls remain in control of this market. In the short-term the market is getting extended and a light volume pullback would do wonders to restore the health of this rally. As we have mentioned several times this year, we…
STOCK MARKET COMMENTARY: Friday, October 12, 2013 The market positively reversed last week (opened lower and closed higher) after investors believed that a deal would get done in DC. So far this appears to be just another shallow pullback in size (% decline) and scope (weeks, not months). The primary catalyst behind this 4.5 year…
STOCK MARKET COMMENTARY: FRIDAY, October 04, 2013 The market fell last week but closed in the upper half of its range after the US government shutdown for the first time since 1996! The S&P 500 is fighting to stay above its respective 50 dma line but the DJIA broke below it. The Nasdaq Composite and…
STOCK MARKET COMMENTARY: FRIDAY, SEPTEMBER 27, 2013 The market fell last week but is on track to end the month and quarter in the black. The major averages are pulling back into their respective 50 dma lines and so far this is appears to be another shallow pullback in size (% decline) and scope (weeks,…
STOCK MARKET COMMENTARY: FRIDAY, SEPTEMBER 13, 2013 The market is acting much better after another very brief pullback in both size (% decline) and scope (weeks, not months). Several of the external “fears” that plagued Wall Street since early August have eased. Last week Syria agreed to surrender its chemical weapons so that helped offset…