Daily State of the Markets
Surprise!
In what can only be described as an anti-establishment vote and the biggest U.S. election surprise in a generation, Donald Trump has won the White House. While the pundits will be arguing for months on why the polls were dead wrong on the outcome, the fact that the Republicans wound up wi…
Sometimes The Game Is Just Plain Hard
Well, it's finally here. Election day. If you are anything like me, you probably can't wait for the whole thing to be over. For the ads to end. And for the finger-pointing and name calling to stop. So, here's hoping the outcome is clear tonight so the markets can move on tomorrow morning.…
Indicator Review: Time To Get Fooled Again?
Good Monday morning and welcome back. The best news of the week is that the election is FINALLY upon us. Politics aside, here's hoping we get an outcome that doesn't "surprise" the market on Wednesday morning. So while we wait, let's start the week off right by reviewing the state of our …
Four Reasons Buyers Are On Strike
Stocks have now declined for eight consecutive sessions, something that apparently hasn't happened since the bad old days of the credit crisis (and for the record, the S&P 500 hasn't fallen nine straight days in 36 years). In the process, the S&P has snapped trendlines, support zo…
Short Take: It's Getting Ugly Out There But...
It was a late night celebrating the cessation of 47 years of personal frustration with the Cubbies (I watched every game as a kid in 1969, still have the mug with the names Ron Santo, Don Kessinger, Glenn Beckert, Billy Williams, Jim Hickman, Randy Hundley, and of course, Ernie Banks embl…
Indicator Review: Stay The Course
Good Monday morning and welcome back. Let's once again start the week off by reviewing the state of our major indicators and models.
The first step is a review of the price/trend of the market. Here's my current take on the state of the technical picture...
There ca…
Investors Should Stop Worrying About...
The recent trend of intraday strength being met with selling continued yesterday. As an indication that the action remains sloppy and conflicted, I present the fact that stocks have now flip-flopped between gains and losses on a closing basis for nine consecutive sessions now.
And…
Uncertainty Seems To Be The Key
With the focal point(s) of the stock market appearing to move around a fair amount lately, it is important to keep up with all the issues. By my count there are six worries/concerns at this time including the dollar, rates, the Fed, the state of the economy, valuations, and the election.
Indicator Review: It's Getting Tense Out There, But...
Good morning and welcome back. Since the focus has been jumping around a bit lately, it will be interesting to see which issues catch the interest of traders on this fine Monday morning. But first, let's stay disciplined and start the week off right by reviewing the state of our major ind…