Stocks Remain in Pullback Mode
With the major indices down 4-8% I am once again getting questions whether the bull market has ended and a multi-year decline is unfolding. I don’t think so.The New York Stock Exchange Cumulative...
View ArticleJust Call Me “No One”
FYI, I have the privilege of co-hosting Fox Business’ Opening Bell this Monday from 10:00am – 11:00am. Maria Bartiromo is on vacation so I finally get to meet Liz Claman after being interviewed by her...
View ArticleAnother Gap. Trade & Fade?
After Thursday’s reversal, Friday’s early action looked promising as I left the office before lunch to celebrate my 15th wedding anniversary playing golf with some friends at Foxwoods before the wives...
View ArticleBanks Looking for a Bottom Amid General Market Strength
With earnings season in full swing and estimates ramped up by Wall Street, companies will really need to impress for stocks to get a boost. Banks are front and center right now. With the banking index...
View ArticlePause to Refresh
I had such a great time joining the good folks at Yahoo Finance on Market Movers yesterday morning, especially since I stayed put in my office and joined via Skype. I didn’t think it was possible to...
View ArticleBulls on Shaky Ground Today
After a fast and furious rally by the bulls, we saw a little change on Friday as “too far, too fast” became my theme. I thought the best case would be for a pause to refresh or some backing and...
View ArticleTHE Bottom Right Now or Soon. ALL Paths Lead to Dow 27,000
Last week, I wrote about the chart below, Battle Lines Drawn, which had one more horizontal, blue line at the time. That was exceeded on the upside, so I removed it. We are left with the upper blue...
View ArticleBulls Making a Stand
Thursday saw upside reversals in all of the major indices which means that stocks opened lower, traded a little lower and then rocketed higher into the close. That should comfort the bulls, at least...
View ArticleSeasonal Tailwind This Week
Stocks begin the holiday-shortened Thanksgiving week with an upside reversal last Thursday and a little bit of follow through on Friday. Stocks continue the process of repairing the internal damage...
View ArticleOUCH!
The bears absolutely mauled the seasonal tailwinds I mentioned yesterday. Remember, seasonal trends are just helpers and usually do not begin or accelerate a trend. Nonetheless, Monday was very ugly...
View ArticleBears Maul Seasonal Tailwinds
Two weeks ago in Battle Lines Drawn, I showed four horizontal blue lines which I thought would dictate market behavior for a while. There wasn’t anything secret or proprietary about them, just four...
View ArticleWhat Happened to the “Easy” Week?!?!
I hope you had a meaningful and terrific Thanksgiving! I cannot believe the amount of food I consumed although without the traditional bottles of wine, I guess there was a lot more room. Having been...
View ArticleThe Makings of the Bottom
Coming back from being out of the office for over a week is never easy although I received a few emails doubting I was actually away since I sent so many updates last week. It’s not that hard when your...
View ArticleBulls Drive Ahead But More Stocks Down
The bulls did a nice job on Monday and Tuesday after laying an egg during Thanksgiving week. I don’t think Wednesday will be quite as easy during the afternoon. While the major stock market indices...
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