Friends What has been impressive about the bullish market that has unfolded over the past five months is how quickly any selloff is bought. We have only seen a few down days recently and when we do the damage has been more than erased with a day or...
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Some Dip Buying
Friends We did see dip buyers step in this morning and move stock prices nicely higher. But as the day wore on the buying seemed to dry up and stocks, despite still posting gains, retreated from their highs of the day. So, not a bad day for the...
Stocks Stumble
Friends We finally got a little of the air let out of the stock balloon today. Stocks tumbled led by the big tech names which helped drive the Nasdaq almost 2% lower for the day at its worst point. Things did recover a bit before the close but...
Cooling Off
Friends Stocks were mainly quiet as we start a new week of trading. We have seen a huge move higher in the past 5 months so it will be interesting to see if the bulls can keep things going without interruption or are we due to cool things...
Good Start To March
Friends Stocks continued higher today with the Nasdaq leading the way. The bulls had hoped we would see a broadening out of the move but at the moment many of the same high-tech names are carrying the load once again. All in all, though the direction has been...
Stocks Finish February On A High Note
Friends Today’s release of the PCE (personal consumption expenditures) came in about as expected showing an increase of 2.4% year over year. Excluding food and energy the number came in at a 2.8% year over year increase-also in line with expectations. This is supposedly the Fed’s favorite measure...
Quiet Week Continues
Friends TJX was another in a line of good earnings releases from retailers in the past week or two. Quality names like Walmart, Costco, and TJX (TJ Maxx, Home Goods and Marshalls) are killing it at the moment. But it does seem to be an environment that includes...
Slow Start To The Week For Stocks
Friends The bulls tried to keep up the momentum but there just wasn’t enough enthusiasm to move stocks higher in today’s trading session. A pause that refreshes would not be a bad thing at this point. Yes, I know I have said for the most part conditions are good...
The Bulls Take A Breather
Friends Things were a little quieter today after yesterday’s fireworks. Nasdaq stocks took a breather while the S&P was able to inch higher. Actually, if you are a bull, today’s action is just what the doctor ordered. The market averages didn’t give back a big chunk of yesterday’s...
Nvidia Fuels Stock Rally
Friends We wondered yesterday if the earnings story from Nvidia was not only going to move the shares of Nvidia today but also stocks in general and the Nasdaq specifically. The resounding answer was yes. Shares of Nvidia soared on a blowout earnings release and the market averages followed...
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