David Moenning
A Good Overbought Condition
Good morning and welcome back. Since I like to start with something positive whenever possible, let me just say that it is a glorious summer morning here in Evergreen, Colorado! It's also a big week for the markets as earnings season moves into high gear, the Republican National Conventio…
Following in Their Footsteps
Following in Their Footsteps
After a brief respite in the global market selling pressure, the bears have re-emerged this morning and are out in full force. European markets are broadly lower, while Asian markets closed lower across the board. We knew the situation in China wasn'…
We Got the Bounce - So What's Next?
We Got the Bounce - So What's Next?
From the August 19th open to the August 25th close, the S&P 500 lost -10.88%, the largest weekly decline in recent memory. The primary driver of the downward action has been centered around China, as we've written about at length over the …
When Is Enough Enough?
When Is Enough Enough?
The past three sessions the U.S. stock market has followed China's lead, plunging -8.96% in that short time. With the Shanghai Composite down another -7.6% overnight (now -15.5% this week), at quick glance it seems like we're in for another rocky …
The Worst Day of the Year
The Worst Day of the Year
It felt like it had been coming for quite some time, but yesterday's selling spree was still surprising given the sheer severity of declines across major indices despite the lack of an "event," so to speak. Another destructive session in Chinese markets…
Do We Have Another V-Bottom On Our Hands?
Current Market Outlook
Thursday's rebound wasn't out of the ordinary given what we've seen over the past year. The "v-bottom" recovery pattern was a major theme in 2014 (especially in the latter half of the year), and has been prevalent in 2015 as well. Could this be yet another…
Skyrocketing Dollar Remains the Focus
Current Market Outlook
Wednesday was a missed opportunity for the bulls, though it wasn't all that surprising. Major indices did not follow world markets higher, despite Germany posting a nice rebound, and European markets finishing mostly higher. With no economic data state-sid…
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 …