Don’t Confuse Brains with a Bull Market
On Wednesday at 9:20 am I will be with Laura Hutchinson on WTNH (ABC in CT) unveiling my top financial resolutions for 2018 with a special focus on those directly impacted by the tax reform bill passed last month. It has been one heck of a start to 2018 in the stock market with some of the strongest momentum in history. As I have mentioned a number of times, animal spirits were released into the economy and markets a year […]
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Date: January 23, 2018
Permanently Higher Stock Prices
Last week I offered the idea that stocks may be settling into a little trading range before resuming the rally. Well that lasted all of one day as the bulls continue to press higher to begin the new week. Time and time again this market has punished any and all who dare to hold cash or, heaven forbid, short the market or hedge. As continue writing my year-end report to clients and I review commentary, I realized that for 20 […]
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Date: January 23, 2018
Trading Range Quietly Sets In
Two days ago, I wrote about a vicious, nasty and wicked reversal across the stock market. While the pundits and naysayers concluded various bearish scenarios, history and facts didn’t back that up to any strong degree unless you wanted to cherry pick. More times than not, after a one day, ugly reversal, a short-term trading range sets in, which I see occurring right now. Interestingly, the biggest reversals this week were seen in the S&P 400 and Russell 2000 and […]
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Date: January 19, 2018
Nasty, Wicked, Ugly Reversal
No sooner did the ink dry on yesterday’s blog than the markets saw a very ugly and wicked reversal which saw the Dow give up almost 400 points from high to low. The “feel” I wrote about turned out to be prescient pretty quickly as volatility spiked in a huge way on a relative basis. Check out the chart of the VIX below over the last two days. When you look at any of the major indices, sector or stocks, […]
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Date: January 17, 2018
Volatility Index Acting Weird as Stocks Just Continue Higher
A new week begins and to no one’s surprise, stocks are set to open sharply higher. Even during the Dotcom bubble, stocks took a breather every now and then. In fact, they became very volatile during their melt up phase. That’s an element that has been lacking during this leg of the bull market.It’s not a great chart, but take a look at the volatility index below, also known as the VIX. Essentially, since the year began, this index has […]
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Date: January 16, 2018
So Far So Good!
Just two ago, I wrote about the stock market “groping” for a bottom and laid out a scenario for that to begin on Wednesday. The beaten down Russell 2000 was the key as it very quietly had been outperforming the market for three days. That behavior is not what you typically see if a crash was unfolding. Our indicators and systems backed up my own thoughts and our equity strategies went to maximum exposure at the close on Wednesday. When […]
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Date: October 17, 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
