FOX Business TODAY & Dow 20K
I am going to be on Fox Business’ The Intelligence Report with Trish Regan today (Friday) at 2:50 pm edt discussing my forecast for stocks and the markets, especially with the Fed set to meet next Tuesday & Wednesday. Trish is heading back from Cleveland so Ashley Webster is filling in. It has been truly amazing what a little rally has done to market sentiment. At the BREXIT bottom, as the pundits, masses and media all panicked and headed for […]
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Date: July 22, 2016
And NOW They Want to Buy?
Although fresh all-time highs are making headlines, making it seem like there’s a lot of action, the past week has been fairly quiet for stocks. On the surface, it looks like the first leg of the post-BREXIT rally has ended. However before you think about turning negative, I remain very positive on the intermediate and long-term. It’s the short-term that looks like a pullback or coin flip as sentiment has become a little too giddy and the pundits have all […]
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Date: July 21, 2016
Like a Broken Record
I read a stat last night that said only 1% of Americans hold off taking social security until 70. That low number really surprised me as it means 99% of Americans do not get the maximum amount of social security. When I meet with clients and prospects, one of the foundation conversations is when to take social security and why. If you are approaching retirement or already take social security, do yourself a favor and spend some time researching this! […]
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Date: July 12, 2016
On the Way to Dow 20K
With the short-term volatility over the past few weeks, this is no clear trend to take advantage of post today’s employment report. By that, I mean, our short-term trading system specifically created for this report has no strong edge. The report came in strong and pre-market indications are for a higher open which can sometimes point towards a short-term peak. With the much better than expected report, the recent market leaders may be under pressure. Utilities, staples, REITs, telecom and […]
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Date: July 8, 2016
Separating Pretenders from the Contenders
Greetings from 34,000 feet as I head to CO for the weekend with my wife and some friends. Of course, they’re all her friends because who would really want to hang out with me?!?! As is typical when I take a day or two off, Mother Nature thumbed her nose at me with a forecast of rain, rain and thunderstorms with highs in the low 60s and lows in the upper 30s. Thanks! We may have set a record for […]
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Date: July 1, 2016
Who Knew?!?!
Thanks to everyone who tuned in for my BREXIT segment on FOX61 in CT yesterday. You view it HERE. A few days post BREXIT and all seems well in the financial world. Listening to the business channels, everyone called the top and now everyone called the bottom. Isn’t revisionist history wonderful! Until proven wrong, I will keep referring to the Playbook I first outlined last Friday for a clue as to where stocks go from here. So far so good. […]
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Date: June 29, 2016
Red is the Theme Short-Term But Green is on the Way
After Friday’s big down day which historically has occurred less than 1% of the time, the model for Monday is another large red day of 1-3%. From there, stocks should attempt to form a low on Tuesday or Wednesday and rally for a few days to a week. This is right in line with the Playbook I offered here on Friday. As you would expect, the financial sector has been hit the hardest, but I am a little surprised that […]
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Date: June 27, 2016
The Aftermath & Shock of BREXIT – A Market Playbook and Dow 20,000
Good for the citizens of the UK! In true democratic form, the majority were unhappy and voted for change. And that’s what they got. Kinda, sorta. If I had the power to vote, I guess I would have voted to leave because I would rather be the first one out than the last. The pundits were embarrassed. The markets got it wrong. The bookmakers appear to have lost a fortune. In my piece earlier this week, http://investfortomorrowblog.com/archives/2292, on Twitter and […]
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Date: June 24, 2016
BREXIT, SCHMEXIT – Much Ado About Nothing???
Like Y2K, the second war in Iraq and other date certain events, the United Kingdom will vote on Thursday whether it wants to remain in the European Union (EU), otherwise known as BREXIT (BRitain EXIT). Unlike most geopolitical events which just happen, the BREXIT vote has been known about for some time as UK Prime Minister Cameron promised to hold this referendum if he won reelection in 2015. What is the BREXIT & Why Depending on who you ask, the […]
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Date: June 22, 2016
Biding Time to BREXIT
After an almost celebratory opening on Monday which saw the Dow up 200 points, stock steadily declined throughout the day and closed at their lows. On the surface, the average person saw all of the major indices nicely higher with the vast majority of stocks up on the day. The short-term trader saw a tired market that couldn’t hold early gains and closed at the low tick. Both observations are correct but time frame determines your viewpoint. I fall somewhere […]
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Date: June 21, 2016
