Friends The bulls seem to have gotten their rest overnight, because they were in a buying mood today. Stocks started the day to the upside and the buying continued throughout the trading session. The proceedings in the Senate with regards to the beginning of the Impeachment process didn’t seem...
Friends Despite good earnings reports from the likes of J. P. Morgan Chase and Citigroup, stocks were basically undecided by the close today. We did have a nice rally taking place at midday, but confusion about the China deal and simple buying exhaustion led to stocks giving up all...
Friends As we sit here in Houston today, reeling from an unreal playoff football loss, and the nuking of our baseball team’s front office/management, stocks did actually trade today. It was a quiet but positive day for stocks as traders gear up for earnings season, a China deal signing,...
Friends Ok, I jinxed us, didn’t I? Stocks did really go down today. Actually, after a somewhat lukewarm jobs number (145,000 new jobs were created in December) stocks had another positive opening. But, as the day wore on it felt like the buyers just ran out of gas. For...
Friends Market participants, relieved that tensions with Iran seem to have lessened, sent stocks higher again today. Yes, it is enjoyable to watch the market averages hit new highs day after day, but the speed and ease of this move is starting to feel just a little excessive. Sure,...
Friends It’s been a crazy 24 hours. Not long after the close of trading yesterday, rumors began to surface that an attack on American targets in Iraq had begun. After a couple of seemingly false reports, by early evening a missile attack was, indeed, taking place and futures markets...
Stocks slumped in relatively calm trading today as market participants continue to be a bit tentative given the tensions with Iran. Buyers did appear throughout the trading session, periodically keeping the damage contained, but there was not much conviction from the bulls or the bears. By the close, the...
Friends Wait a minute, stocks were supposed to be down pretty big today given the tensions with Iran that seemed to escalate over the weekend. Indeed, stocks did open down this morning to the tune of a few hundred Dow points or so, but as the trading session wore...
Friends As traders like to say – risk happens fast. The elimination of a terrorist Iranian General overnight by the U.S. sent stock futures tumbling, and at the open of trading this morning stocks basically gave back all of yesterday’s gains. Some “dip” buyers did show up throughout the...
Friends 2020 got off to a nice start for the bulls today, though not all stocks participated. Small Cap shares struggled and the equal weighted S&P 500 was only up slightly, but nevertheless, Apple and other large cap tech names helped propel the market averages higher. By the close,...
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