While the Stanley Cup Finals did not turn out the way I hoped, it was a great ride for my Vegas Golden Knights (by the way, they captured four awards at last evenings NHL Awards ceremonies). Not soon after the final game, we packed up for our eastward summer migration by car with the puppies. […]
Yesterday, the equity markets ended a four day losing streak, which in my opinion was nothing more than a bout of profit taking. All told, the S&P 500 (SPX) gave up just over 1% during that period of time. Priceline (PCLN), one of our top holdings, declined 9.6% after reporting better than expected earnings. Priceline […]
After a bloodbath the last week in April, the markets bounced back on May Day, May 1. There was really no rhyme or reason for the sell-off that last week of April, but it did happen. Small cap, mid cap and growth stocks were hit the hardest. When you get pullbacks in a bull market, […]
For the third consecutive trading day, sellers emerged late in the session to take stocks lower into the close. I am not seeing any real conviction by the sellers. It seems like weak handed renters are selling stocks. Nor, am I seeing any aggressive actions by buyers who are just playing it safe into the […]
The equity markets traded most of the day in the red and closed across the board down 40 basis points, plus or minus about 10 basis points. Oil prices gained and bond prices gave up some ground, continuing Friday’s moves, albeit it to a lesser magnitude. Angela Merkel and Barack Obama held a meeting, as […]
January 2015 was a carbon copy of January 2014, with the major indexes posting solid losses each time. While earnings seem to be coming in as expected or better, the strong US Dollar is weighing on top line sales and revenues. This is causing the market to take a pause in fear that the continued […]
The day started off on a good foot given the Apple (APPL) results and Yahoo (YHOO) news that I discussed yesterday. However, after the FOMC released their statement following this week’s meeting, traders used the opportunity to sell. Frankly the FOMC told us nothing new or more than even a casual observer of interest rate […]
Yesterday the S&P 500 (SPX) did managed to close above 2,000, so we can now put all the talk about that behind us. Almost. I had a rather busy media day yesterday. It began with an article about SPX 2K that was published on MarketWatch’s Trading Deck website. Then, in between my classes at Seton […]
A positively constructive April payroll report last Friday was fraught with several internal inconsistencies. This resulted in a mixed market as traders and investors found reading the report’s tea leaves rather blurry. Also contributing to the mixed market was profit taking ahead of the weekend and following a third weekly advance for the S&P 500 […]
The three day Dr. Martin Luther King Jr. weekend, which because of a lack of any interesting earnings reports last Friday was for Wall Streeters, a four day weekend. Then thanks to a major snow storm in the Northeast on Tuesday, the holiday extended to a fifth day yesterday. With public transportation limited, many schools […]
S&P 500 (SPX), SPDRs Trust ETF (SPY)