David Moenning

Stocks May Not Care Who Wins The White House

The State of the Market: Executive Summary If you are like me, you were probably checking on the stock market futures in the wee hours of Tuesday night/Wednesday morning. If you are also like me, you may have been surprised initially to see the NDX futures popping…

Do Stocks Care About The Election?

The State of the Market: Executive Summary One week ago, uncertainty reigned supreme as traders fretted over earnings, COVID, the economy, and of course, the election. After what so far qualifies as a garden-variety correction, which has seen the S&P fall abou…
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The Jitters Are Justified

The State of the Market: Executive Summary Another Monday. Another 1% move. I guess that's just the way the game is being played right now. According to Barron's, the S&P 500 has moved at least 1% in either direction every Monday since the end of August. Good …

Is It Time to Return to the COVID Winners?

The State of the Market: Executive Summary Well, so much for that bullish cup-with-a-handle formation that appeared to be developing on the charts. As I had opined earlier in the week, if the S&P broke above the "handle" of the formation, a new uptrend had a c…

Three Negatives and One Ginormous Positive

The State of the Market: Executive Summary Three negatives and one ginormous positive. From my seat, this defines the current stock market environment. The negatives can more accurately be described as uncertainties and all are well worn: (1) The breathtaking surg…
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Do Nothing, Absolutely Nothing, Until...

The State of the Market: Executive Summary Stocks are down again in the early going Monday as a new record high in daily coronavirus cases (as well as a new high for the 7-day average of new cases) here at home and in many places in Europe has caused traders to fe…

The Three Keys To This Market

The State of the Market: Executive Summary From my perch, there are three factors driving stock prices to-and-fro these days. First, there is the state of the on-again-off-again stimulus talks, which appear to be a modest positive again this morning. Next, there i…

A Healthy Dose of Patience is Required

Executive Summary: The song remains the same again this morning as the stock market indices continue to be pushed and pulled by the status of stimulus talks. While past and present Fed officials continue to pound the table publicly about the need for additional fi…

How To Play The Digestion Phase

Executive Summary: From my seat, the action continues to be driven by the prospects for additional stimulus. Good news on the stimulus talks produces rallies while disappointment leads to intraday selling. From a shorter-term perspective, stocks are struggling due…

Hard To Argue With Bulls Here

Executive Summary: From my seat, the state of the market depends largely on the time frame lens one is viewing the market through. Looking at the action from a shorter-term perspective, volatility remains high due likely to the uncertainty over the fate of additio…