Friends Once again, stocks were having a nice day which was made even nicer by reports that the Chinese have offered some trading concessions. Stocks added to gains on the reports and finally the S&P 500 was able to clear the 2650 resistance level. We will get a lot...
Friends Stocks were having a nice quiet day until a report hit the wires from the Wall Street Journal that the Trump administration was possibly willing to drop tariffs on Chinese goods in order move the trade talks towards the finish line. As that hit the tape, stocks rocketed...
Friends The bulls continue to attempt to push through resistance levels, and you can feel the bears starting to get a little concerned. We’re not, by any means, declaring that the bear market is over, but as stocks creep higher, the fear of missing out could begin to creep...
Friends Despite the concerns the effects of the Government shutdown might have on the economy by extension corporate earnings, share prices rose today despite less than stellar bank earnings reports. Again, how stocks react to the earnings release give us a look into whether they were priced accurately going...
Friends Though we’ve had a couple down days in a row, volatility seems to be lessening and the losses have been muted. As we’ve mentioned, we have bumped into resistance so it will be interesting to see if the bears can keep up the pressure, or will the bulls...
Friends Stocks were enjoying another nice day for the bulls, until word came of a dust up between the President and Democrat leaders. Although some gains were surrendered, the bulls were able to hold onto the high ground and post a fourth straight day of gains for stocks. By...
Friends After another nice day for the bulls, I don’t know if I should be excited or scared to death. Yes, we’ve had a nice bounce from the Dec 24th low, but we are bumping into some resistance levels, so I don’t want to get too comfortable just yet....
Friends After last week’s large moves, today’s market action almost felt muted. Yes, we did have some volatility but for the most part stocks traded nicely in positive territory for most of today’s trading session. On the economic front the ISM non-manufacturing number was a little on the weaker...
Friends The markets couldn’t catch a break yesterday. Everything that could go wrong did, led by the disappointing news from Apple. Today, it was just the opposite. First, we got an eye popping non-farm payroll number with 312,000 new jobs created in December. In addition we saw upward revisions...
Friends After the close yesterday, Apple pre-announced a significant downgrade to their first quarter earnings estimate. When the world’s biggest company warns of bad news, markets tend to get a bit jittery. Stocks opened lower this morning despite a very strong ADP private payroll number, and headed lower after...
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