Bond Market Sending Warning Sign
Tuesday’s stock market rally looked better in the media than in reality. Early strength was sold and there was not much conviction from the buyers. Unless we see the bulls step up and close above Tuesday’s high, stocks look like they need a pause or pullback here. Closing below Dow 15,175 should set off even more selling while closing above 15,550 should entice more buyers back in. I am concerned here that high yield bonds have taken it on the […]
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Date: May 30, 2013
Apple Turning Around
This morning, you likely received an email with Apple in the subject line and no content. I apologize for that! I was in a Philadelphia hotel room on the way out and I thought I hit “paste” and send. Obviously, my fat little fingers missed a step. When I received it on my phone, my first reaction was, NO! It reminded me of those unscrupulous Dotcom bubble stock touts who would send emails with either the company’s name or stock […]
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Date: December 24, 2012
Bulls Turn Tide
After Friday’s reversal from early losses on the “news” regarding the Fiscal Cliff, the bulls put on an ole fashioned stampede today with more than 90% of the volume on the upside and almost 90% of all stocks closing higher. The market opened up and ran that way straight to the close, turning the short-term trend in favor of the bulls. For the time being, the bulls have the ball and given the Thanksgiving holiday, they are supposed to keep […]
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Date: November 20, 2012
25 Years Ago…
I remember calling my parents from college when I heard the stock market had crashed 22.6% in a single day. My father had literally just opened another brokerage firm and even I knew this wouldn’t be good. I remember him telling me that it was the BEST time to open a new firm since they hadn’t brought clients over and built their book up yet. So not many folks were unhappy! I remember a buddy of mine who traded for a […]
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Date: October 23, 2012
Apple in the Spotlight… Again
It’s been a while since I mentioned Apple, but the action of late deserves comment. After peaking in April with the broad market, the stock declined into May with the broad market. But when stocks declined further into early June, Apple did not follow suit by making a new low. Rather, it formed a higher low than it saw in May and that was the first clue that it was ready to rally again. This week, Apple made an all […]
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Date: September 4, 2012
FOX Business & Employment Report Update
I am going to be on FOX Business’ Markets Now close to 1pm est on Monday, hopefully discussing some of the items below. After a string of weak but positive employment reports, Friday’s data were “better than expected”, but still not strong enough to keep pace with population growth. And when you dive into the details of the report, according to John Williams of Shadow Stats, you see the normal “seasonal adjustments” accounted for a significant number of jobs created. What […]
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Date: August 6, 2012
Once Again, It’s About Europe
Socialist candidate Francois Hollande won the election in France, throwing the Eurozone into a tizzy as Germany no longer has a fiscally conservative partner in France. This is going to get very interesting as we have Germany favoring austerity and a more hard line fiscal path, while France will look to curb the expense cuts, raise taxes and possibly increase spending. Markets cratered overnight, especially in Asia, but by the time the US opened, losses were more muted. And by […]
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Date: May 7, 2012
Top 9 Tips for the Successful Investor in 2012: Tip #7
7 – Residential real estate begins the stabilization process. It’s no secret that the real estate bubble has burst and many areas of the country are left in ruins. It was no secret in 2008 that the energy bubble burst. And it was certainly no secret that the dotcom bubble burst 10 years ago. The problem is that it was only apparent to the masses after the initial collapse occurred! The chart below can be applied to any bubble or […]
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Date: February 22, 2012
