The Bull Bear Debate Is On
Whenever the market gets squishy, the debate intensifies. Are we going higher or lower and when? I haven't seen enough to get passionate either way yet. The $SPX took back its 50 day moving average as...
View ArticleSomething Bullish Just Happened On The Way To Syria
I'll get to that possibly bullish thing in a minute. I know what I would do about Syria, but I have no idea what to do with my Netflix copy of Syriana. In July of 2012 the 10 year note ($TNX) was...
View ArticleRide The Pumpkin
It was a week of name calling, finger pointing and blame gaming in Washington. They even threw in a DC shootout for good measure. Even with all this adolescent behavior by our elected leaders, the...
View ArticleMorning Market Look, Party On
All good in the hood. Even with $IBM screwing the pooch yesterday, the $DJIA managed about a 130 point rally off the lows. I don't care how you spin it, that's uber bullish. The Nasdaq, Russell and...
View ArticleBig Earnings Week and Few Set Ups
About 30% of the S&P 500 reporting, and 10 Dow components posting quarterly results this week. Of the 93 S&P 500 companies that have reported so far, only 53% have topped Wall Street consensus...
View ArticleSaturday Setups
The market slopped around yesterday as some options expired. All the indices were lower with the exception of the Dow which was kept afloat by the action in $AXP, which at one point was up almost 7%....
View ArticleEmbrace The Yard Sale
The fat lady did some singing, but it wont last. They say recessions are yard sales for the rich. They go and buy condo's and homes at half off, fine art gets bid lower and they are given the...
View ArticleSt. Paddy’s Eve Angst
Tomorrow is St Paddy's Day and there's chatter that Putin will air drop bottles of green vodka to the folks in Crimea. I would not be surprised to see this guy does a jig at some point while wearing a...
View ArticleMarket Stats Everywhere
Now that the Dow Jones has given up all the years gains and the other indexes look like they could fall further through the trap door, everyone has an opinion about what will happen next. Statistics...
View ArticleWhy the Market Could Go Nuclear
Some of the skeptics are circling again as we hang around the highs. Sell stocks they say. Long is wrong they say. I beg to differ and calling tops is not my thing anyway. I do have a couple...
View ArticleEnergy & Tech Strong, Greenback Rips and Yield Pulls Back
Dow: +238.51... Nasdaq: +114.94... S&P: +27.54... The market was better today as the bulls pulled us out of this slow bleed over the last week. The greenback ripped today, but the yield on the...
View ArticleNice Reversal Off the Lows
Dow: +52.40... Nasdaq: +47.50... S&P: +8.85... 2745 area is the next key level of resistance for SPX The market earned a hard-fought victory today, boosted by the afternoon release of the FOMC...
View ArticleSlow Summer Action-Reata Pharmaceuticals Explodes
Dow: -13.83... Nasdaq: +21.67... S&P: +5.15... Most sectors finished Monday in negative territory -- eight of eleven to be exact -- but losses were modest for the most part, and the three...
View ArticleThe Beatings Will Stop as Soon As Your Morale Improves
Sammy the speculator sold all his blockchain stocks and Bitcoin at the bottom and is now hoping for the best with a massive overweight in pot stocks near all-time highs. Dow: -327.23... Nasdaq:...
View ArticleStocks Stabilize
Dow: +14.51... Nasdaq: -5.13... S&P: -2.35... There was little conviction from buyers or sellers so stocks close little changed today. Dwindling expectations for global economic growth contributed...
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