The bulls fumbled the ball just as they got it, giving the bears ample opportunity to rout the market again. There was no real news to support any selling. Instead we actually got some positive news from the weekly jobless claims. It just seemed that bond buyers were active, biotechs continued their decent and took […]
A rally on Tuesday, as expected followed Monday’s snowstorm. A market sell-off Wednesday, after the second snowstorm of the week in the NYC Metropolitan region, began early after the Automated Data Processing (ADP) payroll report fell 10,000 short of expectations but was met with a positive reaction to the ISM Services report. By the closing […]
Pandora (P), Twiter (TWTR), Yelp (YELP)Believe it or not, the poor start to 2014 is a thing of the past. The S&P 500 (SPX) closed above its December 31, 2013 closing price and set an all-time high in the process. Just two days ago, we were supposedly destined to a massive correction. The best laid plans of bears were thwarted […]
A, Bank of America (BAC), Blackrock (BLK), Dow Jones Industrials (DJIA), Goldman Sachs (GS), Intel (INTC), Invesco European Growth Fund (AEDCX), S&P 500 (SPX), Viacom (VIA), Wisdom Tree Europe Small Cap Dividend Fund (DFE)You might be thinking that the investment news so far this year is that the major indexes have fallen in the first three trading sessions. There is the theory that some belated or deferred selling took place on the first trading day of the year, which has some merit. There is also the fact that […]
Jet Blue (JBLU), ProShares Ultra Short Gold (GLL)On Thursday, the equity markets enjoyed a picture perfect session with some consolidation after the huge rise on Wednesday. We heard this morning that 3rd quarter GDP rose by 4.1%, a 0.5% upward revision from prior estimates. No doubt that the Federal Reserve Open Market Committee or FOMC had this information in hand prior to […]
Blackberry (BBRY), Dow Jones Industrials (DJIA), ProShares Ultra Short Gold (GLL), S&P 500 (SPX)The Federal Reserve Open Market Committee or FOMC came down from its financial Mt. Olympus to deliver a decision on monetary policy. The market was as I predicted flattish, up till then. The headline decision was to decrease its monthly purchases of bonds by $10 billion to $75 billion. That is what was referred to […]
Darden Restaurants (DRI), Dow Jones Industrials (DJIA), Facebook (FB), Google (GOOG), Hershey (HSY), Nike (NKE), S&P 500 (SPX)The only reason that I am writing to you today is that I failed to hit the Mega Millions lottery last evening. Some lucky tickets holders in Georgia and California had the winning tickets. Yesterday the market bent but did not break yet failed to deliver my anticipated positive follow through to Monday’s session. As […]
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