I've been adamant that we remain in a secular bull market, and I'm sticking to it. Yes, September scares me. The Fed petrifies me. And no more tweets, please! Oh, and let's not forget about the inverted yield curve (which isn't inverted... READ MORE
Special Note: On Monday, September 16th, I will officially begin writing full-time at EarningsBeats.com as its Chief Market Strategist, returning to a role that I left in March 2015 when I joined StockCharts.com as a Sr. Technical Analyst. Below is a brief example of the type of information... READ MORE
Market Recap for Thursday, September 12, 2019 Apparently we're back in the "feel good" portion of the trade war as President Trump announced on Thursday that there would be a tariff delay, providing a "gesture of good will". Accordingly, global markets have rallied and... READ MORE
Market Recap for Wednesday, September 11, 2019 On the 18th anniversary of 9/11, it was somewhat ironic that Boeing (BA, +3.51%) led the Dow Jones back above 27,000 and within 1% of its all-time high. Apple (AAPL, +3.05%) also performed quite well, with both stocks breaking... READ MORE
Market Recap for Tuesday, September 10, 2019 We once again finished in bifurcated fashion on Tuesday with the small cap Russell 2000 ($RUT, +1.28%) and the Dow Jones ($INDU, +0.28%) leading the action, while the S&P 500 ($SPX, +0.03%) and the NASDAQ ($COMPQ, -0.04%... READ MORE
Market Recap for Monday, September 9, 2019 Monday's action was odd, mixed and bifurcated. The small cap Russell 2000 ($RUT) had a very strong day, rising 1.27%, while the NASDAQ, another aggressive index, fell 0.19%. The Dow Jones finished with a slight gain, but the S&... READ MORE
Special Event Today! This is probably the most excited that I've been for an event ever. I honestly believe that the lineup of products and services that we've put together at EarningsBeats.com will benefit thousands of followers/subscribers across the globe. After spending 20 years... READ MORE
I maintain a "Strong Earnings ChartList", where I organize those companies who (1) beat Wall Street consensus estimates as to both revenues and earnings per share (EPS), (2) have adequate liquidity (generally trade more than 200,000 shares daily), and (3) have shown solid technical price action. The... READ MORE
The beauty of being both a fundamentalist and a technician is that the fun never stops. Many of you may view earnings season to last from the middle of the first month of each calendar quarter (when Dow Jones component stocks and the biggest money center banks begin reporting) to... READ MORE
Market Recap for Thursday, September 5, 2019 U.S. indices had a strong day on Thursday, with leadership from key aggressive areas. The small cap Russell 2000 ($RUT) led the action with a solid 1.75% gain. More on the RUT in today's Current Outlook section below. The... READ MORE
Market Recap for Wednesday, September 4, 2019 It was a solid day for U.S. equities as all of our major indices rallied, as did all 11 sectors. Communication services (XLC, +1.94%) and technology (XLK, +1.71%) were the top two performing sectors. Broadcasting & entertainment ($DJUSBC, +2.12%... READ MORE
Market Recap for Tuesday, September 3, 2019 This is just a very brief market recap as I'm on jury duty this week. New U.S. tariffs took effect this morning and it's September, so the stock market saw considerable weakness, especially at the open. Defensive sectors... READ MORE
Special Note There will be no Trading Places blog article on Tuesday, September 3rd as I've been selected for jury duty and will be out all day. I'll find out more of my schedule (for later this week) tomorrow morning and I will post articles here... READ MORE
Listen, the media loves to overhype the trade war. Seriously, is there anyone that isn't aware of the trade war, the tweets, the rhetoric, etc. at this point? Hasn't everyone already priced in an economic disaster because of it? Oh wait! That's right, our... READ MORE
Market Recap for Thursday, August 29, 2019 Well, thank you China. On Thursday morning, China pledged a calmer approach to the trade war and indicated they would not retaliate for the latest tariffs imposed by the U.S. At least not now. Temporarily, that appeased traders who used the opportunity... READ MORE
Market Recap for Wednesday, August 28, 2019 10 of 11 sectors advanced in a broad-based rally on Wednesday that carried the Dow Jones higher by 1%. The small cap Russell 2000, a major laggard in 2019, rose 1.15% in a rare day of outperformance. Energy (XLE, +1.43%), consumer... READ MORE
Market Recap for Tuesday, August 27, 2019 U.S. equities were strong out of the gate on Tuesday, but had little follow-through as sellers re-emerged. Early gains on our major indices quickly vanished and these key indices were left trying to minimize losses into the close. There were no significant... READ MORE
Market Recap for Monday, August 26, 2019 All eleven sectors advanced on Monday as U.S. equities staged a rally following Friday's selloff. It wasn't overly impressive in my view as most of the gains came at the opening bell. There wasn't much follow... READ MORE
Market Recap for Friday, August 23, 2019 Friday was another trade war disaster. It's almost as if we're getting numb to it. Dow Jones down 600. Ho-hum. Technically, there wasn't even a short-term violation as the S&P 500 simply moved back down... READ MORE
Market Recap for Thursday, August 22, 2019 U.S. equities began Thursday on mostly a positive note, but reservations from Fed officials and a manufacturing report that showed weakness weighed on sentiment as stocks gave back earlier gains, finishing mixed. The Dow Jones was able to end the session in... READ MORE
Market Recap for Wednesday, August 21, 2019 It was a big day for broadline retail ($DJUSRB, +1.91%) and home improvement ($DJUSHI, +3.68%) as strong earnings from Target (TGT, +20.43%) and Lowes Companies (LOW, +10.35%), respectively, sent both groups higher, along with the overall market. All of... READ MORE
Market Recap for Tuesday, August 20, 2019 It was another day of consolidation for U.S. equities. That's not a bad thing. Let's establish a base, allowing the weak hands to get out before the next push higher. If we break those recent lows, we'... READ MORE
Market Recap for Monday, August 19, 2019 The S&P 500 rallied for a third consecutive day, this time rising 1.21% and closing back above its 20 day EMA for the first time in August. The other major indices also rallied, including leadership from the NASDAQ and Russell... READ MORE
Special Event Today Every quarter, I announce my Top 10 Stocks (equally-weighted) for my Model, Aggressive and Income portfolios. Today's the day! It all starts at 4:30pm EST. CLICK HERE for portfolio performance and registration information. Market Recap for Friday, August 16, 2019 Industrials (XLI, +1.93%... READ MORE
Monday will mark the end of my third quarter of performance for the Model Portfolio. I've easily surpassed the benchmark S&P 500 in each quarter and this last quarter was certainly no exception. The average return of the 10 equal-weighted stocks in this portfolio was 12.... READ MORE
Wow, it's been a great ride here at StockCharts.com! I posted essentially this same article in my Trading Places blog a week ago, but I'm not sure how many of you follow me there. I want to make sure I reach out to everyone who... READ MORE
Market Recap for Thursday, August 15, 2019 There were a ton of economic reports out on Thursday, mostly positive, and that seemed to slow the onslaught of selling as our major indices finished mixed on the session. Walmart, Inc. (WMT, +6.11%) surged following better-than-expected earnings to lift the Dow... READ MORE
Special Event I am hosting a HUGE event on Monday, August 19th at 4:30pm EST as I release my Top 10 Stocks for my Model, Aggressive and Income portfolios. Each of these portfolios has crushed the benchmark S&P 500 since their respective inceptions and for a mere... READ MORE
Market Recap for Tuesday, August 13, 2019 I received an email the other day after I discussed the rising volatility ($VIX) and likely move lower and it stated "Tom, I thought you were bullish. Why the bearish view now?". Let me address this because maybe some others are... READ MORE
Market Recap for Monday, August 12, 2019 The flight to safety was clear on Monday. The 10 year treasury yield ($TNX) tumbled once again, falling 9 basis points to 1.63%, inching closer and closer to the historic TNX lows that were set in 2012 and 2016. The all-time low... READ MORE
Special Note If you didn't have a chance to read my blog post from Saturday, "I'm Returning To My Roots At EarningsBeats.com", be sure to check it out. I'll be explaining a lot more about my decision and discussing my three... READ MORE
Wow, it's been a great ride here at StockCharts.com! The ride's not completely over, but I'm making a big change (and with mixed emotions) as I leave my role as Sr. Technical Analyst at StockCharts.com, effective September 15, 2019, and return to... READ MORE
Market Recap for Thursday, August 8, 2019 Thursday was a trend day for U.S. stocks, one in which the action was positive from start to finish. It's generally viewed bullishly and as a sign of accumulation. However, I don't know if I'd grow... READ MORE
Market Recap for Wednesday, August 7, 2019 It appeared as though we were heading for another big down day as our major indices opened down 2% or thereabouts. There was a huge rush into treasuries with the 10 year treasury yield ($TNX) dropping to an almost unfathomable 1.59% shortly... READ MORE
Market Recap for Tuesday, August 6, 2019 Ok, let's start with the good news. Our major indices all finished higher on Tuesday, rebounding from their worst day of 2019. Every sector except energy (XLE, -0.12%) finished the day higher and our 5 aggressive sectors were the 5... READ MORE
Market Recap for Monday, August 5, 2019 It was a very bad day on Wall Street with our major indices having their worst day of 2019. Panic is setting in as the U.S. and China shoot trade war bullets back and forth at each other. China's Shanghai... READ MORE
Market Recap for Friday, August 2, 2019 The latest nonfarm payrolls report came in, but quite honestly no one seemed to care. The Fed has already said its piece and was rather noncommittal to another rate cut and both bond and equity markets are fixated on the US-China trade war.... READ MORE
(This is a reprint of a Trading Places blog article written a week ago. I've updated the performance and charts to include last week's selloff.) Beating the S&P 500 is my #1 goal. If I didn't believe I could beat the S&... READ MORE
Market Recap for August 1, 2019 Today's article will be very brief. The whole Fed deal and now another trade tweet. Really? Can we all just get along? It reminds me of that old Jackson 5 song, Rockin Robin (sing along if you'd like....and yes... READ MORE
Market Recap for Wednesday, July 31, 2019 To say that this current Fed is transparent would be the equivalent of saying I'm a marine biologist (a Seinfeldism for those of you that are fans). What the heck are they doing? Seriously, what is going on in those meetings?... READ MORE