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…
STOCK MARKET COMMENTARY: FRIDAY, MAY 17, 2013 Stocks hit another record high last week as this Central Bank driven rally continues apace. We changed the status from rally under pressure to confirmed rally in our Tuesday 4/23/13 mid-week update and noted that the bulls are back in control of this market. So far, every pullback…
Stock Market Commentary: Friday, May 3, 2013 We changed the status from rally under pressure to confirmed rally in our Tuesday 4/23/13 update and noted that the bulls are back in control of this market. So far, every pullback this year has been very small in both size (% decline) and scope (days, not weeks)….
Friday, March 22, 2013 Stock Market Commentary: Stocks ended slightly lower last week as Cyprus woes briefly hurt the riskon trade. So far the action in the major averages remains very strong as the number of distribution days remains limited and the last pullback was shallow in size and scope. The S&P 500 pulled back 2.9% after…
Friday, November 02, 2012 Stock Market Commentary: The major averages gave back earlier gains on Friday to end the shortened week relatively flat. The benchmark S&P 500, DJIA, and small-cap Russell 2000 pulled back after encountering resistance near their respective 50 DMA lines. For months, the 50 DMA line served as formidable support and it…
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, 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 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 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…