Market Recap for Tuesday, July 9, 2019 Despite the Dow Jones ($INDU, -0.08%) finishing in negative territory, I'd argue it was a pretty solid day on Wall Street. All of our major indices opened lower, but there was buying throughout the session, much like Friday. We saw... READ MORE
Market Recap for Monday, July 8, 2019 Materials (XLB, -1.15%) led the Monday decline as the U.S. Dollar Index ($USD, +0.10%) extended its recent gains, climbing for the 7th time in the last 9 sessions. Given the strong jobs report on Friday, fewer market participants are expecting... READ MORE
Market Recap for Friday, July 5, 2019 The small cap Russell 2000 ($RUT, +0.22%) led bifurcated action on a very quiet Friday as many market participants were on an extended vacation spanning the July 4th holiday. Strength was seen in financials (XLF, +0.28%) as the 10 year treasury... READ MORE
I want to discuss two charts that really need to be monitored closely as we enter the second half of 2019. A rise in these charts is synonymous with massive bull market rallies. They both make great common sense, so let's discuss them before visualizing the charts. 1.... READ MORE
Market Recap for Wednesday, July 3, 2019 26 of 30 Dow Jones component stocks advanced as the most widely known stock index set all-time intraday and closing highs one day before Independence Day and during an abbreviated session. It gives traders an extra day to relax and reflect on the... READ MORE
Market Recap for Tuesday, July 2, 2019 I saw a headline Tuesday morning when all of our major indices were lower that suggested "renewed trade fears" were impacting the stock market in negative fashion. When will the insanity stop? So Monday the market moved higher on trade relief... READ MORE
Market Recap for Monday, July 1, 2019 The S&P 500 ($SPX, +0.77%) closed once again at an all-time high and all of our major indices ended Monday's session with gains. Leadership came in the form of the NASDAQ, which rang up a 1.06% gain.... READ MORE
Market Recap for Friday, June 28, 2019 I'm posting this early (and on Sunday) this week because I did a lot of chart-reviewing this weekend and there's a lot to digest here. Before I get into my Market Outlook for the second half of the year,... READ MORE
Market Recap for Thursday, June 27, 2019 It was mostly a solid day on Wall Street, except for the late selling that carried the Dow Jones to a slight 10 point loss. The problem child for the Dow Jones was Boeing (BA, -2.91%), which fell after providing an update... READ MORE
Market Recap for Wednesday, June 26, 2019 It was a day of bifurcated action as the NASDAQ was able to cling to a 0.32% gain, but the other major indices fell. Honestly, it felt like a down day on the NASDAQ as well. This tech-laden index surged to a... READ MORE
Market Recap for Tuesday, June 25, 2019 Sellers returned to the stock market yesterday as the NASDAQ posted a 1.51% drop, its largest decline since June 3rd. Volatility ($VIX, +6.68%) has been on the move higher as the market grows more nervous with the G-20 summit beginning later... READ MORE
Market Recap for Monday, June 24, 2019 The U.S. stock market waffled yesterday as the G-20 summit set to begin later this week. We know from history that any time the headlines are littered with US-China trade, we need to be vigilant. While there wasn't widespread selling... READ MORE
Market Recap for Friday, June 21, 2019 The S&P 500 ended Friday's session relatively flat, but had a very solid week as it raced to an all-time high before sellers hit on quad-witching day. As usual, quad-witching day volume was extremely heavy. I wouldn't... READ MORE
The price of gold ($GOLD) closed on Friday at $1400.10 per ounce. The weekly gain of 4.14% was the best such weekly advance since April 2016 and the close above $1400 was the first such close since September 3, 2013. Since testing 2019 lows on May 21st, GOLD... READ MORE
Market Recap for Thursday, June 20, 2019 More dovish Fed policy is already having its effects. The anticipation of those changed policies has sent investors around the globe into U.S. treasuries, as yields have dropped precipitously since Q4 2018. But yesterday, U.S. equities climbed aboard as the S&... READ MORE
Market Recap for Wednesday, June 19, 2019 Yesterday was Fed day, or Fednesday as one MarketWatchers LIVE viewer said, and U.S. equities liked what the Fed had to say. What it had to say was essentially what most market pundits were expecting - that the word "patient"... READ MORE
Market Recap for Tuesday, June 18, 2019 It was a day of rallying global equities, especially in the German DAX ($DAX, +2.03%). The DAX ($DAX) moves more in sync with U.S. equities than any other foreign equity market - in my opinion. The long-term positive correlation between the... READ MORE
Market Recap for Monday, June 17, 2019 Facebook (FB, +4.24%) announced a platform cryptocurrency with a white paper due out today, while Netflix (NFLX, +3.21%) received positive comments from a Piper Jaffray analyst looking for solid results out next month. That combination lifted communications services (XLC, +1.14%... READ MORE
Market Recap for Friday, June 14, 2019 The big news on Friday was Broadcom's (AVGO, -5.57%) quarterly results and outlook, neither of which were particularly good. AVGO fell short of its revenue estimate and offered a very broad warning regarding upcoming revenues in the semiconductor industry ($DJUSSC,... READ MORE
Market Recap for Thursday, June 13, 2019 A nice rally to end the session lifted all of our major indices into the close. The Russell 2000 led on a relative basis, gaining 1.05%. The NASDAQ, S&P 500 and Dow Jones climbed 0.57%, 0.41%, and 0.... READ MORE
Market Recap for Wednesday, June 12, 2019 We ended Wednesday with bifurcated action as the small cap Russell 2000 ($RUT, +0.05%) was able to eke out a tiny gain. The other major indices, however, were not so fortunate with the NASDAQ ($COMPQ, -0.38%) falling a bit more than... READ MORE
Market Recap for Tuesday, June 11, 2019 It wasn't a big down day, but it certainly felt like it. It started off so promising. Right out of the gate, the NASDAQ surged more than 1% in the opening minutes. However, by day's end, it closed in... READ MORE
Market Recap for Monday, June 10, 2019 U.S. equities were buoyed by resolution to the 5% Mexico trade tariff announced recently by President Trump to encourage Mexico to slow the pace of illegal immigrants entering the U.S. That tariff was set to take effect yesterday, but never materialized.... READ MORE
Market Recap for Friday, June 7, 2019 U.S. indices capped off a very solid week with more gains on Friday. The more aggressive NASDAQ trounced the other key indices, climbing 1.66%. The S&P 500, Dow Jones, and Russell 2000 added 1.05%, 1.02%, and 0.... READ MORE
I'm going to say that you need elements of both, although you're going to want a much bigger helping of relative strength. Too much diversification can be extremely unhealthy, there needs to be a balance. Let me give you a quote about diversification from one of... READ MORE
Market Recap for Thursday, June 6, 2019 It was another solid day on Wall Street as the recent bounce continued. Unfortunately, it was also another day where investors/traders were seeking some safety. It's like ordering pizza, but adding a diet coke to watch your weight. The Dow... READ MORE
Market Recap for Wednesday, June 5, 2019 The good news is that the U.S. stock market advanced on Wednesday and that both the Dow Jones (+0.82%) and S&P 500 (+0.82%) were able to clear their respective declining 20 day EMAs. Another piece of good news... READ MORE
Market Recap for Tuesday, June 4, 2019 A big turnaround occurred on Tuesday as many beaten-down stocks and industries from the May drubbing led a market rally. The NASDAQ and Russell 2000 led the rally with gains of 2.65% and 2.62%, respectively, but it was a wide-participation advance... READ MORE
Market Recap for Monday, June 3, 2019 I've had lots of positives for software stocks the past few years, but yesterday we saw a rare short-term breakdown that will test the mettle of traders. The Dow Jones U.S. Software Index ($DJUSSW, -3.17%) joined internet stocks ($DJUSNS,... READ MORE
Market Recap for Friday, May 31, 2019 The U.S. stock market was in no mood for any negative surprises, yet it received one when President Trump slapped a 5% tariff on all products from Mexico (effective June 10th) to try to control illegal immigration. While it may seem as... READ MORE
Market Recap for Thursday, May 30, 2019 Dollar General (DG, +7.16%) and Dollar Tree (DLTR, +3.14%) provided a lift to consumer discretionary stocks (XLY, +0.65%) after releasing their latest quarterly results, but PVH Corp (PVH, -14.87%) tumbled, further compromising an already-weak clothing & accessories group ($DJUSCF,... READ MORE
Market Recap for Wednesday, May 29, 2019 Trade and growth concerns, along with slumping crude oil prices ($WTIC), were mostly responsible for another bad day on Wall Street. There was across-the-board selling as all of our major indices fell from 0.69% (S&P 500) to 0.94% (Russell... READ MORE
Market Recap for Tuesday, May 28, 2019 U.S. stocks jumped at the open, but then ran into sellers throughout the session. After gapping down at the open on Thursday, it's been difficult for the S&P 500 to clear the low 2840s and yesterday's... READ MORE
Market Recap for Friday, May 24, 2019 Before I summarize Friday's numbers, let me first say that the S&P 500 closed near a two-month low while the Volatility Index ($VIX) has been falling as well. I find this to be a very bullish development as nervousness... READ MORE
There are no perfect signals that scream "GET OUT" of equities, but there are warning signs.....so long as you know where to find them. Most market participants believe in the random walk theory, which suggests that changes in stock prices have the same distribution and are independent... READ MORE
Market Recap for Thursday, May 23, 2019 Energy (XLE, -3.35%) has been a relative laggard for the past 8 years, mostly due to a rising U.S. Dollar Index ($USD). The group took another big blow yesterday as crude oil prices ($WTIC, -5.71%) tumbled and had its worst... READ MORE
Market Recap for Wednesday, May 22, 2019 Our major indices finished with losses on Wednesday, despite strength in defensive sectors. The S&P 500 and Dow Jones held up best, falling just 0.28% and 0.39%, respectively. The primary reason is that more defensive stocks are represented on... READ MORE
Market Recap for Tuesday, May 21, 2019 The U.S. stock market rebounded on Tuesday after a 90 day temporary license was granted by the U.S. Department of Commerce to Huawei, a Chinese multinational telecommunications equipment company. Technology stocks (XLK, +1.23%) were a primary beneficiary of this action... READ MORE
Market Recap for Monday, May 20, 2019 Monday marked another rough May trading day, especially for the NASDAQ, which dropped 1.46%. The other major indices fell, but to a much lesser extent. Technology (XLK, -1.74%) and communication services (XLC, -1.65%) were hardest hit as weakness in semiconductors... READ MORE
Market Recap for Friday, May 17, 2019 Friday offered up a mixed bag. Our major indices were either higher or near the flat line with an hour left in the trading day. Then more discussion surfaced that US-China trade talks had stalled. That sent U.S. equities spiraling lower, especially... READ MORE