Lots of Opps But Market Not Ready For Another Leg Just Yet
Today is options expiration where moves used to be wide and volatile. However, these days expiration has actually become a fairly tame affair. As I wrote about the “haves” and “have nots” in the indices the other day, I think today will shape up to be fairly quiet with an obvious bias to the upside as the bears have been thwarted multiple times this week. Stocks should jump to fresh, new highs this morning but I do not expect an […]
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Date: November 15, 2019
Bulls Recharging. Bears Turning into Bulls
It’s good to be home after a great but quick trip to Dallas. Uncharacteristically, the markets were fairly quiet on Monday and Tuesday while I was away. Usually, my travels bring about all kinds of fireworks which force me to change plans and stress about being available and not missing an opportunity. I hope that doesn’t mean that the next trip will be worse than normal to make up for it! Since I turned neutral on the very short-term, stocks […]
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Date: November 13, 2019
The Neutral Theme Continues
Greetings from Dallas where I am attending NAAIM’s annual Outlook conference with the real thought leaders in the industry. Although I have been involved with NAAIM for almost 30 years, I still get excited and look forward to seeing old friends, meeting new ones and hearing from and participating with true cutting edge thinkers who aren’t beholden to Wall Street’s agenda. So, here we are. Although my intermediate and long-term bullish outlook remains unchanged and emboldened, I remain neutral over […]
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Date: November 11, 2019
Pause to Refresh or Mild Pullback Underway
Earlier this week, I turned neutral for the short-term in the stock market. That’s all it is. Neutral when I look out a few days to a few weeks. I am not calling for any decline of significance and we may not even see a noticeable pullback. Stocks could go sideways to work off what I see as investors becoming a little too giddy or they could mildly pull back. My work doesn’t support much more than that. Of course, […]
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Date: November 8, 2019
Dow Joins Party. Stocks a Bit Tired
Greetings from 36,000 feet on some bumpy air, which is the norm when I fly. On Monday, the Dow Industrials joined the S&P 500 and NASDAQ 100 in fresh, all-time high territory. That’s now three of the five major stock market indices which have accommodated my bullish forecast. The last two, S&P 400 and Russell 2000 still have a ways to go, but I am still very optimistic that they will join their cousins later this quarter or by early […]
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Date: November 5, 2019
More New Highs Coming. The Celebration Continues.
Right on cue, the NASDAQ 100 followed the S&P 500 into all-time high territory. And before you ask, I still believe the Dow, S&P 400 and Russell 2000 will be there shortly. Not a single note of my tune has changed. The bull market remains alive and well and higher prices are a comin’. Of course, you wouldn’t know this from listening to the chorus of bears who remain firm that Armageddon is just around the corner. Taking a quick […]
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Date: November 4, 2019
Crickets and BUT BUT BUT from the Bears
Well, the Fed cut rates as expected. Powell said they are moving to neutral or pause mode, as expected. Stocks generally liked what they heard and closed near the highs for the day. Semis have struggled a bit over the past few days but I am not concerned in the least just yet. I think they have a chance to really soar into year-end. This morning, the employment report came in better than expected as well as seeing upward revisions […]
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Date: November 1, 2019
All-Time Highs Are Here. WHO KNEW?!?!
The S&P 500 is poised to open at fresh, all-time highs this morning. Absolutely none of my readers should be the least bit surprised. I have written about it every single week this entire year. And the stock market isn’t done. I have made fun of and called out the bears every step of the way to outcries of “BUT, BUT, BUT” whenever presented with facts. They hate. They disavow. They call for the end of the world. They have […]
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Date: October 28, 2019
Stock Market Quiet. Earnings Volatile. Semis Getting Ready to Soar
Greetings from Baltimore where I am doing a quick one night trip to visit with some clients and an old friend and former colleague. As always, there is great food and wine. If all goes well and Southwest delivers, I should be home for Blue Bloods tonight and get a good night’s sleep for our final weekend of baseball and softball. Stocks continue to trade very quietly this week, despite some wicked moves in individual stocks from earnings announcements. Twitter, […]
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Date: October 25, 2019
Lots of Negativity But Stocks Close to Blue Skies
Stocks begin the new week with the Dow Industrials masking the overall strength of the S&P 500 and NASDAQ 100. Remember, the Dow only has 30 stocks and they are weighted by price. So, high prices stocks move the index a lot more than mid or lower priced ones. Boeing has been hit with the ugly stick for 40+ points over the past two days which equates to roughly 280 Dow points. While the Dow has stalled out with a […]
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Date: October 21, 2019
