Market Recap for Tuesday, July 30, 2019 For a second straight day, traders opted for safety ahead of today's FOMC policy statement. It was once again apparent in the sector leaderboard, which ended the session on Tuesday as follows: Industrials (XLI, +0.43%) became the first aggressive sector... READ MORE
Market Recap for Monday, July 29, 2019 I am not at all surprised by Wall Street's action on Monday. The current Fed has not exactly been dependable in terms of following the lead of the treasury market, so short-term trading ahead of this week's Fed meeting... READ MORE
Market Recap for Friday, July 26, 2019 Communication services (XLC, +2.86%) exploded higher on Friday, thanks in large part to a blowout quarterly earnings report from Alphabet (GOOGL, +9.62%) after the bell on Thursday. They apparently kept their good news to themselves because Wall Street didn't... READ MORE
That is my #1 goal. If I didn't believe I could beat the S&P 500, I'd simply buy the SPY (ETF that tracks the S&P 500) and call it a day. But I know I can beat the S&P 500... READ MORE
Market Recap for Thursday, July 25, 2019 Dow Holdings (DOW, -3.83%) and Boeing (BA, -3.69%) weighed on the Dow Jones ($INDU, -0.47%) on Thursday, but this index of conglomerates still managed to outperform its major index counterparts. The big technical issue with DOW is that it ran... READ MORE
Special Note I will be joining John Hopkins of EarningsBeats.com for a webinar on Monday, July 29th after the bell. It's the quarterly earnings webinar where I'll point out some of the biggest winners of earnings season to date. Those will be stocks that you... READ MORE
Market Recap for Tuesday, July 23, 2019 Utilities (XLU, -0.63%) was the only sector to end Tuesday's session in negative territory as most groups and stocks advanced. The XLU has been faltering on a relative basis ever since the overall market bottomed in early June. That has... READ MORE
Market Recap for Monday, July 22, 2019 Technology (XLK, +1.15%) was the undisputed leader on Monday, helping the NASDAQ gain 0.71% and within 1% of its all-time high. There were several reasons for the strength, but Goldman Sachs had positive commentary for the semiconductors ($DJUSSC, +2.03%), which... READ MORE
Market Recap for Friday, July 19, 2019 Wall Street finished on a very weak note on Friday as hopes for a 50 basis point reduction in the fed funds rate decreased. There is now a much stronger likelihood of a 25 basis point drop when the Fed meets for two... READ MORE
As you may already know, I've developed multiple portfolios using fundamental strength and technical price action, including relative strength, that have wildly outperformed the benchmark S&P 500 since their inception dates. I'm very excited about that, as well as the prospect of helping thousands... READ MORE
Special Note I'm on vacation this week so I'm writing brief articles and in a different format. There will be no article tomorrow, Friday, July 19th. Netflix (NFLX) Hammered In After Hours Despite topping both revenue and EPS estimates, NFLX is trading lower by nearly 11%... READ MORE
Special Note I'm on vacation this week, so my articles are in a different format and generally shorter. There will be no blog article on Friday. I've created three portfolios over the past year. My Model Portfolio began on November 19, 2018 and my Aggressive Portfolio... READ MORE
Special Note I'm on vacation this week so I'll post mostly abbreviated articles. There will be no blog article on Friday. Current Outlook One confirmation signal that I always look for during a bull market is leadership from our 5 aggressive sectors - technology (XLK), consumer... READ MORE
Special Note I am on vacation this week so I'll post mostly abbreviated blog articles. There will be no blog article on Friday morning. Market Recap for Friday, July 12, 2019 Industrials (XLI, +1.75%) powered our major indices to fresh new all-time highs. Transports ($TRAN) were particularly... READ MORE
Market Recap for Thursday, July 11, 2019 Dow Jones ($INDU, +0.85%) 27000 is in the record books as another milestone has been reached on Wall Street. The S&P 500 ($SPX, +0.23%) also set another record high close, but fell just short of closing above the psychological... READ MORE
Market Recap for Wednesday, July 10, 2019 The S&P 500 ($SPX, +0.45%) surpassed 3000 on an intraday basis for the first time in history on Wednesday, although it failed to close there. Permabears don't understand how this is even possible, with the ongoing trade war... READ MORE
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