State of the Markets

Are Investors Now Fighting The Fed And The Tape?

By: David Moenning

I'm not sure whether it was the late Marty Zweig or his buddy Ned Davis who originally coined the phrase, but it appears that after yesterday, anyone long the stock market may now officially be fighting both the Fed and the tape! Investors came into Wednesday in a hopeful mood. An…

Here's Hoping Santa Makes The Trip

By: David Moenning

It was a very busy weekend in St. Louis, visiting our grandson, daughter and son-in-law, so I'm going to keep the subjective side of this report short and let the models and indicators do most of the talking. But first, let me say that watching a two-year old tear into presents is about a…

Window "Undressing" May Be At Work

The headlines blared that stocks soared Wednesday in response to improvements in the trade war. Apparently, China was making noise about a new policy designed to increase access to the country's economy for foreign companies. Diving into the story, it certainly sounded like things were mo…

Was That The Soybean Bottom?

By: David Moenning

It was another wild ride on Wall Street yesterday. Stocks stumbled hard out of the gate, following the lead of most global markets. By 11:00am EST, the DJIA was down more than 500 points, had broken below the October lows, and appeared to be heading toward the next important level on the …

The Good News: Valuations Are Improving

By: David Moenning

Due to system maintenance, updates to several key data/models in our indicator boards were not available over the weekend. Thus, our weekly review of market indicators will be postponed until tomorrow morning. But as the title of this morning's missive indicates, there is some good news t…

All's Well That Ends Well, Right?

By: David Moenning

The financial press reported that stocks remained "volatile" on Thursday. But since the Dow ended the day with a loss of "only" 79 points and the S&P 500 fell just 4, the attitude appeared to be, all's well that ends well. However, at 11:28 am EST, all was definitely NOT well …

Tariff Man Set The Stage, Then The Machines Took Over

By: David Moenning

I opined after Monday's "relief rally" that the move had been a bit underwhelming and that uncertainty appeared to have crept back into the market. By Tuesday morning, traders began to realize that Trump may have over-tweeted the trade "deal" and the uncertainty creep was starting to look…

Is Uncertainty Back In The Mix So Soon?

By: David Moenning

While it may sound strange, perhaps the best word to describe the market action on Monday is, disappointing. Yes, the Dow Jones Industrial Average popped 288 points. The S&P 500 gained 1.1%. The NASDAQ 100 surged 1.5%. And oil jumped 5%. Yet, based on the early indications from the fu…

Fears Fading Away As Santa Loads His Sleigh

By: David Moenning

Unless you've been living in a cave or don't have access to a TV, computer, smart phone, or even a newspaper, you likely know that Presidents Xi Jingping and Donald Trump laid the groundwork for a trade deal Saturday night in Buenos Aires. Generally referred to as a "truce" or cease fire …

One Worry Removed

By: David Moenning

It didn't take the news-reading algos long to find what they were looking for in Jerome Powell's speech yesterday. And to his credit, the Fed Chairman didn't make it difficult for either the computers or mere mortal analysts to understand what he was trying to communicate. The bot…