Bulls Continue to Do Nothing Wrong, Yet
Stocks continue to do nothing wrong as they bounce sharply from the epic selling wave in December. On Tuesday most of the major stock market indices made new recovery highs. Leadership has been constructive, meaning the more aggressive sectors have been leading. Risk on, if you will. However, stocks have also rallied right into the zone I first mentioned on December 21 as the most logical area where the bears could put up a fight. From here we will see […]
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Date: January 16, 2019
Equilibrium or End of Rally?
Almost on cue, stocks began to either stall out or moderate as they entered the lower end of the zone I first offered on December 21. That is a logical place for some to takes chips off the table if a revisiting of the Christmas lows is going to happen sooner than later. So far, stocks have done nothing wrong, especially with high yield bonds and bank loans snapping back so strongly in 2019, but I am not going to […]
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Date: January 14, 2019
Stocks into Zone Where Rally May Stall or End
It’s been one heckuva start to 2019. Just listen to the media and pundits tell you how stocks have rocketed 7, 10, even 12% since Christmas. While that is true, it’s a bit misleading as they forget the carnage from Q4. As I wrote about here and here late last year, there was certainly a preponderance of evidence to suggest a bottom and vicious bounce. That has come to fruition and I am glad the market is cooperating with the […]
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Date: January 11, 2019
Manic Market
It really is amazing how stocks go from never being able to rally to never being able to decline. After the stock market hammered out the bottom on December 26, the reaction by bulls has been easy to predict. I only wish I did a better job leading up to that low in December. Live and learn which I always do. At this point, we have seen epic buying since December 26 with all kinds of very positive indicators triggering […]
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Date: January 10, 2019
My Oh My. That was Quick
In my last blog post, Apple had pre-announced less than expected earnings news and stocks were looking sharply lower on Thursday morning. Besides commenting that it was probably a day to just sit back and watch, I also offered that historically, news like this from Apple usually comes near stock market lows.Thursday had an unusually dour feel to it. It seemed like the parade of pundits were all talking about an immediate retest of the Christmas week lows and that […]
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Date: January 7, 2019
Bulls Fighting to Begin the Year But Apple, Apple, Apple
After opening down 400 points on the first trading day of 2019, the bulls fought back really hard to erase 100% of that loss by the close and eke out a small gain. That was very impressive. Leadership came from the most beaten down sectors from 2018, energy and financials. That’s not surprising. So many investors sold those names during Q4 for tax loss reasons as well as window dressing to make their portfolio holdings look better than they actually […]
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Date: January 3, 2019
Apple’s Good Earnings Impacting Market
Earlier this week, Apple released a very solid earnings report beating analysts estimates on the top and bottom line, meaning the company had more revenue and profits than forecast. On the surface that should be a good thing and intuitively, you would think a boon to the stock. Apple opened at fresh all-time highs on Tuesday only to sell off immediately and close in the lower end of its daily range. Data miners have uncovered a solid trend that […]
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Date: April 30, 2015
