Daily State of the Markets
The Action is Getting Sloppy...
Good morning and welcome back. The Fed is clearly the focus right now. But since it's Monday, let's get right to our weekly review of the state of the market and our major market indicators/models.
As usual, the first stop is a review of the price/trend of the market. Here's my cu…
Another Voice Heard From, Is The Market Listening?
With the Fed's symposium in Jackson Hole kicking off today, the focal point of the markets remains on monetary policy on this very quiet late-summer morning. Today another Fed Governor has joined the rate hike camp as Kansas City Fed President Esther George told CNBC that it is now time t…
Traders Watching Oil, Copper and the Fed
Good morning and Happy Wednesday. I've gotta hop to an early meeting so I'll keep this brief. Traders are watching oil and commodities in the early going today as well as sifting through the commentary on what to expect from Janet Yellen's speech in Jackson Hole, which is scheduled for Fr…
Yellen's Task Is To...
With summer vacation season winding down and the Fed's symposium getting underway in Jackson Hole, it is safe to say that those traders at their desks this week are waiting to hear what Janet Yellen has to say on Friday before making any major commitments here.
To review, Ms. Yell…
Stocks Have Stalled and Cycles Point Down, But...
Good morning and welcome back. Since it's Monday, let's get right to our weekly review of the state of the market and our major market indicators/models.
As usual, the first stop is a review of the price/trend of the market. Here's my current take on the state of the technical pic…
Takeaway From Fed Minutes: It's Time To...
To be sure, one of the key drivers to the global markets continues to be the state of central bank policies. Investors around the world have learned that the old cliche, "Don't fight the Fed," which was originally intended for the U.S. markets, seems to work regardless of the color of a c…
Which Game Are You Playing?
When playing the stock market game, it is critical to understand the time-frame you are attempting to "win" at. For example, the big boys with their expensive co-located computers play the game measured in microseconds. Then those who sit by a computer all day trading in and out of positi…
The Train is Leaving the Station
While the uber-bears continue to pound the table about the risk of the next great disaster in the stock market, I'm reminded that two of the most famous cliches on Wall Street are, "The trend is your friend," and "Don't fight the tape."
In essence, these two old saws remind invest…
The Indicators Are Saying It's Time For...
Good morning and welcome back. Since it's Monday, let's get right to our weekly review of the state of the market and our major market indicators/models.
As usual, the first stop is a review of the price/trend of the market. Here's my current take on the state of the technical pic…
The Calendar Versus The Trend
There is no denying that the bulls have been on a roll of late. The S&P 500 has gained 9% since the post-BREXIT low seen on June 27 (the last time the pouting pundits were absolutely, positively sure that the next great calamity in the markets had begun) and has advanced 19.3% from th…