For the second time this year, technology, biotech and growth stocks got hit with the ugly stick. When you invest in these sectors, you have to learn to take the good with the bad. So yesterday we got a dose of the bad. If you trade these sectors, which takes place in short periods of […]
Auto sales from US car manufacturers were better than expected for the month of May, putting a slight bid into stocks like Ford (F) and General Motors (GM). This confirms to me the pent up demand coming out of the winter by consumers. My automobile related play remains with parts manufacturer Magna International (MGA) which […]
We got just what the doctor ordered and then some yesterday. April began with a strong start, enough to vault the S&P 500 (SPX) to an all-time high. Was it not just a week ago that we were preparing for another crash? Furthermore, the Dow Theory cognoscente are getting all lathered up as the Dow […]
After bottoming with a decline of 6.1%, on an intra-day basis, the S&P 500 (SPX) not only put in its first winning week of the year but is in the plus column for February. The CBOE Volatility Index (VIX), what I refer to as the “sucker” index crashed nearly 29% from its recent spike, indicating […]
Harley-Davidson (HOG)It was a perfect storm on Monday for the markets. A confluence of events: snowstorm in the NYC metropolitan region, weak auto sales and disappointing ISM (manufacturing data) led to a panic selloff on Wall Street’s stock markets and run to safety in the gold and bond markets. The fact that it was a Monday, […]
Dow Jones Industrials (DJIA), Manufacturing, S&P 500 (SPX)What I considered to be the 6th day of the elongated holiday weekend was about as exciting as watching snow melt, which I can assure you was not occurring around here. The Standard & Poor’s 500 (SPX) traded in a six point range or about 1/3%. Historically, the average daily range is close to 1.5% […]
Buffalo Wild Wings (BWLD), Five Below (FIVE), General Motors (GM), McDonalds (MCD), Microsoft (MSFT), S&P 500 (SPX)