A surprisingly good show. The Dow was up only 62, less than 1% but the Russell and Transports advanced 2%+. The better showing of the mid-caps (Russell) is encouraging. The mid-caps will probably be the sweet spot if we are able to keep this going. …
As suggested yesterday….unless we got more enthusiasm the rally was going to sputter. At 10am the DOW was 9083 and it now hovers at 8980. Volume remains ho-hum and that makes it difficult to find bids. We need a catalyst. Gains have been significant in …
Today may turn out to a healthy decline. Market struggled most of day and swooned with President-Elect confirmed what most of us know: the economy stinks. But the President said it. Notwithstanding the Obaminator’s comments (as one of my sons fondly calls him) the market …
Market lower on low volume. The lack of volume is troubling. Individual company shares are going up as much as 5%++ a day on little volume. That cannot be sustained. Unless we get more enthusiasm this ramp is not sustainable. Copper stocks rolled over this …
SPY is the symbol of the largest ETF with assets over $93 billion. It is referred to as Spydee. This is the easiest way to capture the move of the S&P 500. SPY trades in massive volume, almost always the highest of the day. This …
Lest I become convinced of my forecasting ability. Early trading in Tokyo and Hong Kong show increases, up 2%+. despite these developing stories. From Janet Yallen today: “The financial and economic firestorm we face today poses a serious risk of an extended period of stagnation …
As Goldman Sachs’ stock turned from red to green on Friday the DOW added another 125 points. The Financial stocks were the last major group to rise and were required for the first-of-the-year blow out. In five trading sessions the Dow has advanced more than …
My love for radio began when I was a child. We had a floor model combination radio/record player. After school I would sit on the floor in front of that huge contraption and listen to the fifteen minute shows. These transported me from rural Ohio …
Everything going along swimmingly. All bulls are geniuses today. The poor performance of financial sector is disconcerting. Especially Bank America. I am picking up rumblings that some investors may be concerned about the Merrill integration. Should this not go well it would certainly be a …
Being constructive about the market is easier to say than being bullish. Being bullish implies that all the indexes are headed up. Being constructive means that there are opportunities out there but I have no idea where all the averages will be in three months. …