Market Builds On The Bottom & Still No Recession
I came back Dallas very late Tuesday night and was definitely under the weather. I could feel it building and building for days.Thankfully, it’s not Covid and my doctor said I should be ready to go for Halloween. Traveling isn’t fun when you’re sick. Flying downright stinks. Flight delays from DFW to NYC were just icing on the cake. However, I did have a great trip to NAAIM’s annual Outlook conference which I chaired. I learned a lot, multiples more […]
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Date: October 28, 2022
Confounding The Masses
The bulls came out in force on Friday aided by what was considered to be dovish comments by some Fed members regarding future interest rates hikes. At least that’s what the media attributed the rally to. The reality is that the markets were already set up to rally, but just needed a spark to ignite the gas. Volume came in heavy, but let’s remember that it was the expiration of options where volume typically surges. As I wrote last week, […]
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Date: October 24, 2022
More Signs Of a Bottom, Yankees & Saying Goodbye
The stock market has been down 5 straight Fridays and 8 out of the last 9. That in itself tells you all you need to know about market confidence, or lack thereof. That’s also what happens during a decline that leads into the bottoming process and finally a or the bottom. Most of you know I never shy away from the camera. In fact, I don’t think I have ever met a media story I didn’t like. And it’s not […]
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Date: October 21, 2022
FedEx Offering Many Market and Economic Clues
After one of the wilder stock market days on Thursday, stocks could not follow through on Friday after an up opening. While I wouldn’t say it is the end of the world, stocks absolutely, positively must hold above Thursday’s low. Otherwise, the bears take control yet again. This Friday is the expiration for October options. Seasonally, it is a strong period through Thursday’s close, so it will be telling if stocks stink it up. What’s interesting as the new week […]
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Date: October 17, 2022
Bells May Not Be Ringing But They Are Being Polished
Geez, it only took one day before I got my wish. As you know I have been skeptical that the September 30th bottom would hold having closed on the screws of the low of the day, week, month and quarter. But that didn’t mean the market had to collapse beneath it. And I was concerned that price hadn’t reacted with a surge in volatility as it approached and/or breached the recent lows. Well folks, that all changed on Thursday. I […]
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Date: October 14, 2022
Barrage of Bad News – Looking for Volatility to Spike
I can always find things that concern me in the markets just as easily as things that are sanguine. Lately, it’s bothered me that the bottom on September 30th came on the screws of the low for the day, week, month and quarter. I couldn’t find a single comparable low and that’s why I thought those price levels had to be breached before the stock market could bottom. So far, the S&P 500 and NASDAQ 100 have cooperated and cleaned […]
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Date: October 12, 2022
Strong Employment Not Good For Stocks – Good News = Bad News
Today is Columbus Day, at least that’s what it says in my Outlook calendar. My kids tell me I can’t use that name anymore. Whatever today is called, the seasonal trend is mildly positive. Stocks ended last week on a sour note although they did fill the price gap left by last Tuesday’s big up opening. The employment data was softer than the prior month but it still came in stronger than expected with the unemployment rate back down to […]
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Date: October 10, 2022
Buying Stampede, Bull Market or Bull Trap, Aaron Judge & Fox Business
I am excited to join the most dapper man on TV, Charles Payne, on Fox Business today 2:45pm discussing the stock market’s bottom, surge potential and what investors could be buying. Thank you to all who attended our quarterly webinar last night where we reviewed the events of Q3, discussed the performance of our 18 strategies and took a sneak peak at how Q4 looks. The recording should be available this afternoon. The stock market continues to be volatile and […]
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Date: October 7, 2022
New Bull Market or Just Another Bounce?
Good thing not much has happened since I last published on Monday. And yes, I am kidding. I was off for Yom Kippur on Wednesday so that’s why I did not post. The stock market gapped up at the open on Monday and did not look back. The same thing happened on Tuesday. On Wednesday it gapped down at the open and rallied all day. Do you see the trend? Notice how different this week has been from the last […]
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Date: October 6, 2022
Ready or Not, October is Here – Major Bottom Coming
Seasonal trends are like headwinds and tailwinds. They typically do not act as buy or sell signals. Nonetheless, the trends I wrote about a month ago definitely played out. The S&P 500 lost 10% in September and its reputation as a cruel month plays out again. When I penned September is a Cruel Month I did not think that September would be down 10%. That’s a huge outlier in the distribution of monthly returns. And let’s recall that the stock […]
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Date: October 3, 2022
