STOCK MARKET COMMENTARY: FRIDAY, AUGUST 30, 2013 Stocks were under pressure for most of August as a slew of external “fears” plagued Wall Street. Here are some of the “fears” that hurt stocks: Fed Taper, Lackluster earnings growth, Potential War Brewing in the Middle East, & higher energy prices, to name a few. We are…
STOCK MARKET COMMENTARY: FRIDAY, AUGUST 23, 2013 Stocks positively reversed (opened lower and closed higher for the week) as interest rates negatively reversed (opened higher and closed lower) as fear eased regarding when the Fed will taper. Normally, “reversals” after a decent move signal a short-term change in trend may be on the horizon. As…
STOCK MARKET COMMENTARY: FRIDAY, August 02, 2013 The major averages surged into fresh new high ground after last week’s Fed meeting. Additionally, it was encouraging to see them break out of small handle patterns on daily chart. This action is healthy and bodes well for the ongoing and very strong Fed induced rally. It is…
STOCK MARKET COMMENTARY: FRIDAY, JULY 19, 2013 The major averages rallied for a fourth straight week helping nearly all the popular indices hit new all-time highs. Meanwhile, the tech-heavy Nasdaq hit a 13-year high. The strong bull market that we are experiencing continues to be driven by easy money policies from global central banks. After…
STOCK MARKET COMMENTARY: FRIDAY, JULY 12, 2013 The major averages rallied for a third straight week helping small-cap Russell 2000 hit a new all-time high and the DJIA & SPX enjoy new record high closes. The strong bull market that we are experiencing continues to be driven by easy money policies from global central banks….
STOCK MARKET COMMENTARY: Friday, July 05, 2013 The major averages rallied for a second straight week helping the major averages close back above their respective 50 DMA lines. The strong bull market that we are experiencing continues to be driven by easy money policies from global central banks. That said, the US Fed continues to…
STOCK MARKET COMMENTARY: FRIDAY, JUNE 28, 2013 The major averages enjoyed their largest start to the year since 1998/1999 (depending on the index), rallying above 12%. The strong bull market that we are experiencing continues to be driven by global central banks. That said, the US Fed continues to print $4B/day and other central banks…
STOCK MARKET COMMENTARY: FRIDAY, JUNE 21, 2013 The major averages sliced below support on Thursday after the Fed opened to the door to taper QE sooner than initially expected. The benchmark S&P 500 is down in 4 of the past 5 weeks which suggests the bears are now in control of this market. For most…
STOCK MARKET COMMENTARY: FRIDAY, JUNE 14, 2013 For the second straight week the bulls defend three important areas of support for the major averages: 50 DMA line, 6-month upward trendline, & April’s high. So far, every pullback this year continues to be very shallow in both size (% decline) and scope (relatively short) which bodes…
STOCK MARKET COMMENTARY: Friday, June 07, 2013 The benchmark S&P 500 (SPX) experienced another shallow pullback in both size (-5.3%) and scope (only 2 weeks) as the bulls defended three important areas of support (50 DMA line, 6-month upward trendline, & April’s high) last week. So far, every pullback this year continues to be very…