Friends It appears that Santa is unable to deliver the much anticipated year-end rally that was to propel the Dow past 20,000. Volume has dried up and buyers have all but disappeared. No, there hasn’t been an overwhelming amount of selling (see the light volume) but when there aren’t...
Friends I hope everyone had a nice Christmas. The markets continue to be extremely quiet as we head towards the year end. There was virtually no action of any sort today. Trading was light and volatility was nonexistent. On the economic front the consumer confidence number for December was...
Friends Yes, the market was open today, but no one seemed to want to participate. Let’s just say that nothing much happened and we’ll be back with you next Tuesday. In the meantime… Merry Christmas from all of us at CHJ. Have a safe a blessed holiday weekend.
Friends The bulls who are trying desperately to claim Dow 20,000 have run into a bit of a roadblock the past few trading sessions. Even the latest revision upward of 3rd quarter GDP couldn’t provide a catalyst. As for today’s action, the Dow Jones Industrial Average was down 22...
Friends The bulls continue the charge towards the Dow 20,000 level, and it appears that there should be enough trading sessions left in 2016 to reach their goal. Santa is about to swoop into the proceedings so perhaps he can help push the Dow above that 20,000 mark. For...
Friends The bulls got things back on track today, but an early rally in stocks lost a lot of its steam by the close. Bonds continued to be sold and gold just seems to go down every day. Can the bulls make that push to Dow 20,000 in the...
Friends The bulls took a wrong turn on the path to Dow 20,000 today as Janet Yellen and the Fed seem to have messed up their GPS system. Yes, everyone was quite certain that the Fed would raise rates a quarter of a point today, and they did, but...
Friends Stocks continue to charge towards the 20,000 level on the Dow Jones Industrial Average, as even the bulls are having trouble believing their good fortune. It appears that no one wants to sell anything before year end that would cause a capital gain, given the possibilities that next...
Friends Despite the surge in energy shares, fueled by the announced OPEC agreement, stock traders found little else to get excited about today. Pauses of some type would seem to be necessary if we are to sustain the type of rally that we have seen in the last month....
Friends It appears the bulls are on a full frontal attack of the 20,000 level on the Dow Jones Industrial Average. It has been a fascinating month since the election. As we have mentioned, stocks that no one wanted (such as banks and industrials) have become the leaders, while...
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