Squawk Box on Monday @ 6:30 am EDT
I am really excited and looking forward to being with Joe, Becky and Andrew on CNBC’s Squawk Box on Monday the 2nd @ 6:30am discussing the stock market’s latest surge on negative news. It should be a spirited discussion!
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Date: June 1, 2014
Bulls Hangin’ Tough
With the bearish seasonal headwinds this week, the bulls have done a nice job not giving up any ground so far. In fact, the bulls powered ahead on Tuesday and held firm on Wednesday. It certainly looks like the Dow and Nasdaq 100 want to join the S&P 500 at new highs this week. Although the S&P 400 and Russell 2000 have been laggards, they have certainly led the parade over the past week. The real news so far this […]
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Date: May 28, 2014
Bear Trap and Dow 17,000
A week ago today, the major indices saw a solid red day that had the pundits talking correction and investors running for cover. One day later, however, the bulls closed the door on the bears, trapping them in some bad selling decisions. From there, the bulls had control right into the Memorial Day holiday and that should spill over early this week. The Dow has already hit an all time high and the S&P 500 should be soon to follow. […]
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Date: May 27, 2014
Speaking Out of Both Sides of my Mouth
It was such a pleasure and privilege to spend an hour on Fox Business’ Opening Bell with Liz Claman, one of my all time favorite anchors. She was hysterical off camera and we had a lot of fun with the various segments which I will publish here over the next week. The whole Fox Business crew was incredibly nice as they always are. I can’t wait to do it again, hopefully next month. The first topic we covered was Market […]
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Date: May 22, 2014
Just Call Me “No One”
FYI, I have the privilege of co-hosting Fox Business’ Opening Bell this Monday from 10:00am – 11:00am. Maria Bartiromo is on vacation so I finally get to meet Liz Claman after being interviewed by her for years and years. I am a HUGE fan! All Time Highs… Bull Market Alive Earlier last week, I wrote an article called All Time Highs on Tap where the Dow and S&P 500 would see all time highs unaccompanied by the other major indices. […]
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Date: May 18, 2014
An Hour on Fox Business’ Opening Bell
I am really excited to join Liz Claman who is subbing for Maria Bartiromo from 10am to 11am on Monday the 19th on Fox Business’ Opening Bell. Having been interviewed by Liz many times during her tenure at CNBC, I can’t wait to meet her and co-host the show for a full hour. She is one smart woman! As I worried about having enough to say, I am often reminded by my family that I don’t know when to shut […]
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Date: May 17, 2014
All Time Highs on Tap
Despite significant warnings from the S&P 400 mid caps, Russell 2000 small caps, Nasdaq 100 and a host of sectors, the Dow Jones Industrials and S&P 500 are poised to see all time highs this week. The headlines will look nice and investors may cheer, but serious damage remains beneath the surface over the intermediate-term. Yes, we remain long various indices and sectors, but we will likely lighten up or hedge on a quick spurt higher. If we do see […]
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Date: May 12, 2014
Key Sectors Sending Up Bearish Warning Signs
Last week, in Major Indices Issue Warning, I discussed how the strength in the Dow and S&P 500 were masking weakness in the other major indices and how a warning sign was given. Today, I go a step further and dive into the key sectors of the stock market. We begin this section with the S&P 400, Russell 2000 and NASDAQ 100 all showing relative weakness, a clear red flag. Below is the first key stock market sector and also […]
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Date: May 9, 2014
All-Time Highs in Sight
This is it. Put up or shut up time for the Dow and S&P 500. Both are positioned constructively to power to all-time highs over the next week. And I think they will. With sentiment mixed, it’s hard to believe that there will be any mass celebration of new highs, especially with the index problems I discussed here. In fact, I think there is very little chance that the three other major indices will confirm the Dow and S&P 500 […]
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Date: May 6, 2014
Economy “Booming”
288,000 NEW jobs created in April. Unemployment rate plummets to “only” 6.3%. The U.S. economy is back! Does it feel like that to you or your friends? My thesis since the crisis began has been that post financial crisis recoveries are frustrating. They tease and tantalize on the upside but rarely deliver. GDP growth never hits “escape velocity” and unemployment remains stubbornly high. With the government printing a 6.3% that’s hard to still say “stubbornly high”. Digging into the details […]
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Date: May 3, 2014
No Foot in Mouth for Yellen Today
The Fed concludes their two day meeting today with the market expecting no increase in interest rates and another $10 billion tapered from their QE program. That would leave the Fed to continue purchasing treasury bonds and mortgage backed securities to the tune of $45 billion per month. After Janet Yellen’s rookie gaffe six weeks ago during the press conference, the chair is lucky that there won’t be another press conference today. Rather, the Fed will release a statement with […]
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Date: April 30, 2014
Major Indices Not Singing a Good Tune
2014 may be young, but so far, it’s exhibiting a very different character than 2013 with the rate of ascent completely flat lining and the high flying leaders hit very hard. In other words, the year has been digesting as I wrote about in the 2014 Fearless Forecast. Don’t get me wrong, just because I forecast this type of action doesn’t mean it has been an easy year to make money. It hasn’t. And I don’t think that changes just […]
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Date: April 25, 2014
“IF” – Something Ain’t Right
IF the employment data are improving… IF retail sales remain strong… IF the Fed is tapering because the economy is doing better… IF consumer sentiment is constructive… IF shipments at Port of LA see largest increase in 7 years… IF, IF, IF… Then why is the most economically sensitive bond’s yield falling out of bed like something dark is lurking?
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Date: April 21, 2014
Rally, Decline… Outcomes Abound
The stock market begins the post holiday week in neutral territory after the mid week bottom last week that I discussed on Yahoo Finance. The day before Good Friday is usually up less than 0.50% and that ended up coming true. The Monday after Good Friday, which is also the first day after April option expiration has a bit of a headwind to it so a strong advance by the bulls would be an especially positive sign. In all likelihood, […]
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Date: April 21, 2014
Bulls Step Up… Kinda Sorta
What a great day I had in New York with my friends at Yahoo Finance and Fox Business. In all, there should be five segments posted over the coming week. I began the day at Yahoo with Jeff Macke doing a piece called The Rally Has Begun and Here’s How to Play it. Click on the link and let me know what you think. This was the “calmest” of the three segments! Changing gears, here are some comments from recent […]
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Date: April 16, 2014
Media Day
I am heading to New York to first visit my friends at Yahoo Finance and their Breakout show with Jeff Macke. By week’s end, they should have 2-3 segments created on their website from our discussion. After that, it’s on to Fox Business to spend 30 minutes with Maria Bartiromo on her new show Opening Bell. I am scheduled to be on between 10am and 10:30am discussing a wide variety of topics. Although I hate the pre-dawn wake up call, […]
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Date: April 16, 2014
Stocks Remain in Pullback Mode
With the major indices down 4-8% I am once again getting questions whether the bull market has ended and a multi-year decline is unfolding. I don’t think so.The New York Stock Exchange Cumulative Advance/Decline line recently scored an all time high. When bull markets end, we typically see this indicator peak months, quarters or even years before the Dow and S&P 500. The same can be said of the high yield bond sector. Bear markets are usually associated with restrictive […]
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Date: April 14, 2014
Market stems sell-off but volatility is here to stay
Thanks for the quote Jeff Benjamin! Click here for article Market stems sell-off but volatility is here to stay Advisers agree investors need to stay calm and avoid knee-jerk selling By Jeff Benjamin Apr 8, 2014 @ 11:39 am (Updated 5:39 pm) EST Print E-mail Reprints 13Shares Bloomberg News The short and sudden streak of market volatility took a breather on Tuesday as traders took advantage of pullbacks by some of the higher-beta stocks. But financial advisers and market […]
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Date: April 14, 2014
U-G-L-Y Day on Thursday
The stock market had a very rough day on Thursday with all of the major indices breaking down below all short-term support levels for the chartists out there. There is no other way to characterize than UGLY. Keep in mind, however, that so far, all we have seen are 3-6% declines. It feels much worse because we saw two large down days over the past week, the likes of which we haven’t seen all year, including the January pullback. On […]
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Date: April 11, 2014
Bull market intact after “good flat” first quarter, but changes afoot
Thanks for the quote Jeff Benjamin. http://www.investmentnews.com/article/20140331/FREE/140339990# In a three-month stretch of extreme winter weather, unexpected geopolitical unrest, a Federal Reserve chairmanship transition, and a continuing sluggish economy, investors should be happy with a 1% first-quarter gain by the S&P 500. In essence, even without a lot of good news during the quarter, the financial markets proved resilient enough to keep general volatility low and fend off anything that looked like a threat to the bull market. “The first quarter […]
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Date: April 8, 2014
