David Moenning
The Headlines Just Keep Coming
Anyone thinking that the major averages moving back above key technical levels last week meant that the volatile, news-driven environment had ended was sorely disappointed on Friday. In short, the negative headlines returned in spades and investors were treated to yet another Friday dance…
Why The Hesitation?
The S&P 500, NASDAQ, S&P Midcap 400, and the S&P Small-Cap indices all presently sit above all the important moving averages - which I'll define as the 5-, 10-, 18-, 39-, 50-, 100-, 150-, and 200-day MAs. The NASDAQ 100 has now recovered more than half of the decline tied to t…
The Recent Action Is Encouraging
Don't look now fans, but the S&P 500 has closed higher in five of the last seven sessions and appears to be in the early stages of an uptrend. Of course, our furry friends in the bear camp disagree, pointing to the downtrend line that has been visible on the chart of the S&P since…
Are You Happy With 8% in Eight Months?
Good morning and Happy Tax Day, 2017. It is said that a picture is worth a thousand words. As such, I'd like to try and explain my view of the current market environment with a chart or two this morning.
At this time yesterday, I opined that the stock market was in the process of …
My Take: Stay The Course
From my seat, it is clear that the stock market continues to consolidate the gains enjoyed post-tax reform. Yes, it is true that things may have gotten a bit exuberant during January. And as a chart of the S&P 500 clearly shows, those gains have been "taken back" over the past two mon…
Positioning For The Parade?
Although the major stock market averages failed to rise or fall by 1% or more on Wednesday (which has been the trend recently), the volatile, news-driven environment remained.
In the early going, it appeared that traders might be able to shake off the news that geopolitical tensio…
Moving On...
The stock market reacted positively Tuesday as everyone in the spotlight seemed to say all the right stuff. However, today is another day and traders appear to be moving on.
Tuesday began on an upbeat note following remarks by Xi Jingping regarding China's willingness to open its …
Add It To The List
In case you missed it; Wall Street's wild ride continued unabated yesterday. So, while things look pretty good in the early going on this fine Tuesday morning, I could have said the same thing yesterday. And we all know how that turned out.
At this time Monday, stocks were looking…
Best to "Ride it Out" (For Now)
There can be no denying that there are issues for traders to wring their hands over here. The possibility of a trade war with China is front and center, which, most assuredly, will go beyond tariffs and include items such as currency devaluation, a reduction in U.S. bond buying, etc.
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