New Highs

New Highs

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

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...

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Stocks Stumble

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...

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Cooling Off

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...

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Good Start To March

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...

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The Bulls Take A Breather

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...

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Nvidia Fuels Stock Rally

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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