Daily State of the Markets
Indicator Review: What A Difference A Week Makes
Good Monday morning and welcome back. What a difference a week makes, right? Last week, we were talking about the fact that stocks were in a clearly defined, intermediate-term downtrend and looking at how low the market indices could go. But after the surprise election result, the focus h…
Bond Summary: Of Tightening, Tapering and Trump
Although the dramatic turnaround in stocks from midnight on election night to lunchtime on Wednesday has been getting all the attention, my team's primary focal point this week has been the movement in the bond market. Don't look now fans, but the yield on the U.S. 10-Year T-Note has surg…
Don't Forget About The Bonds
It is safe to say that the prognosticators got this one wrong - really wrong. And even the fast money traders who anticipated a market crisis Tuesday night by pushing Dow futures down some 800 points as it appeared Trump was heading to victory, got it wrong. Again, really wrong.
S…
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…