David Moenning
Are the Bears in Control?
Current Market Outlook
Monday's rebound wasn't exactly a convincing statement from the bulls, but it did manage to stop the bleeding, so to speak, following a big Friday sell-off. Headlines were relatively quiet yesterday as traders pushed major indices modestly higher (Nasdaq +…
Monday's Action Should Be Telling
Current Market Outlook
Friday's big sell-off really dampened the momentum the bulls had mad since the beginning of February, as all major indices finished down more than -1%. Though Friday's jobs report was much better than consensus expectations, the increased chance of a rate …
Friday Focus: All About Jobs Report
Current Market Outlook
Thursday's price action was largely forgettable as the market paused in front of this morning's non-farm payrolls report. So, while China lowered its GDP growth target to the lowest in 11 years, the ECB set plans for their own QE, and jobless claims here i…
A Little Entertainment Ahead of Friday's Jobs Report
Friday's non-farm payrolls will be the report that traders focus heavily on, but in the meantime, we may have a little volatility on our hands. Keyword: may. Overnight, China lowered its GDP growth target to 7%, which marks the country's lowest growth target in the last 11 years. Asian st…
All About the Action
Not much going on from around globe early this morning. China cut rates on its short-term lending facility and expanded quota, but Asian markets are mixed. Europe is trading mixed in choppy fashion, and has been relatively quiet. February composite PMI slipped a bit from flash readings bu…
No Professor Shiller, Stocks Are Not Dangerously Overvalued
With the S&P moving back to new all-time highs, the debate over valuation levels in the stock market is heating up again. Therefore, this would appear to be a good time to continue our in-depth look at a multitude of valuation indicators.
Much of the attention last week was fo…
Do The Bears Have A Case?
Good Morning. This time the bears refused to be run over. This time, after a quick 50-point swing upwards in the S&P 500, the short-sellers were rewarded for selling into some resistance. This time, the good economic news (the NFIB Small Business Index hit the second highest level sin…
What Do The Cycles Say For June?
Good Morning. The argument as to what comes next for stocks falls along party lines at this point. The bulls contend that they were tested last week and that the all-important line in the sand held. As such, our furry friends suggest that new highs for the major indices are only a matter …
The Price of Perfection
Good Morning. The title of this morning's missive is "The Price of Perfection." The first point that needs to be made is that using the word "perfection" in anything related to the stock market may get me in trouble with Ms. Market. As anyone who has been in this business for any length o…