Market Recap for Monday, April 15, 2019 Defensive groups took their turn leading the stock market, but on a down day that is generally to be expected. Consumer staples (XLP, +0.59%) and healthcare (XLV, +0.40%) were the two leading groups, while financials (XLF, -0.63%) backed off from... READ MORE
Market Recap for Friday, April 12, 2019 Who thought at our December low that the S&P 500 would rally well over 20% to above 2900 and within 1% of our all-time high in less than four months? Not this guy. The stock market can do anything, but if... READ MORE
Analysts routinely visit management teams of public companies to see how their quarters are progressing. Based on the knowledge they gain, they return to their offices and their firms issue recommendations to buy or sell. It's the reason that we do what we do. By analyzing price action,... READ MORE
Market Recap for Thursday, April 11, 2019 U.S. equities finished in bifurcated fashion as a late day rally enabled the S&P 500 to eke out a miniscule 0.11 point gain (+0.00%). The other major indices finished in negative territory, led by the 0.21% decline... READ MORE
Market Recap for Wednesday, April 10, 2019 Small cap stocks enjoyed a huge day, carrying Wall Street higher. The Russell 2000 surged 1.40% and is nearing a major neckline resistance that, if broken, would suggest much higher prices for small caps: Clearing 1600 would be a big deal technically... READ MORE
Market Recap for Tuesday, April 9, 2019 Profit taking dominated Tuesday's action with the small cap Russell 2000 leading the list of losers, dropping 1.22%. But sellers were most everywhere as the Dow Jones, S&P 500 and NASDAQ fell 0.72%, 0.61% and 0.... READ MORE
Market Recap for Monday, April 8, 2019 Crude oil prices ($WTIC, +2.09%) surged once again on Monday, and have now climbed 50% off their December low. While energy (XLE, +0.44%) has been a major beneficiary, as we would expect, the XLE has been mired in a downtrend vs.... READ MORE
Market Recap for Friday, April 5, 2019 Energy stocks (XLE, +1.76%) were the clear leader on Friday as Wall Street climbed once again. Recently, crude oil prices ($WTIC, +1.58%) opened April by posting new 2019 highs, but the XLE failed to follow suit, instead falling back to test... READ MORE
Market Recap for Thursday, April 4, 2019 Our major indices rallied again on Thursday with the benchmark S&P 500 rising for a 6th consecutive session and closing at a 2019 high. The S&P 500's close of 2879 was just 61 points shy of the... READ MORE
Market Recap for Wednesday, April 3 Stocks rallied again on Wednesday, primarily on the heels of materials (XLB, +1.31%) and technology (XLK, +0.81%). The former saw relative strength in both commodity chemicals ($DJUSCC, +1.77%) and specialty chemicals ($DJUSCX, +1.39%). The strength in the DJUSCC was very... READ MORE
Market Recap for April 2, 2019 The NASDAQ was mostly higher and strengthening throughout the session on Tuesday as internet stocks ($DJUSNS, +1.41%) continued their recent advance to challenge 2019 highs. Facebook (FB, +3.26%) led internet stocks higher and broke out to close at its 2019 high on... READ MORE
Market Recap for Monday, April 1, 2019 U.S. equities had a stunning first quarter and Monday was an encore to open up Q2. Keep in mind that we’ve entered the most bullish period within April historically as the NASDAQ has produced annualized returns of +21.45% from April... READ MORE
Market Recap for Friday, March 29, 2019 The U.S. stock market rallied on Friday, putting an exclamation point on its best calendar quarter in 10 years. Of course, this strength came on the heels of an incredibly dismal quarter to end 2018. Healthcare (XLV, +1.20%) and industrials (XLI,... READ MORE
Market Recap for Thursday, March 28, 2019 Lululemon Athletica (LULU, +14.13%), PVH Corp (PVH, +14.76%), and Movado Group (MOV, +22.77%) all surged after the clothing & accessories retailers all posted much better than expected quarterly earnings. The Dow Jones U.S. Clothing & Accessories Index ($DJUSCF, +5.... READ MORE
Market Recap for Wednesday, March 27, 2019 Wall Street rebounded from steep intraday losses, but still ended the session in negative territory. The NASDAQ was the weakest index, falling 0.63%. The S&P 500, Russell 2000 and Dow Jones dropped 0.46%, 0.39%, and 0.13%, respectively.... READ MORE
Market Recap for Tuesday, March 26, 2019 Strength in global markets seemed to influence the U.S. market at the open as equities surged higher. But sellers dominated most of the balance of the day as gains evaporated. A final 30 minute surge just before the close restored some of... READ MORE
Market Recap for Monday, March 25, 2019 U.S. stocks finished in bifurcated fashion on Monday as the S&P 500 and NASDAQ lost 0.08% and 0.07%, respectively, while the Dow Jones tacked on 0.06%. The small cap Russell 2000 was a relative outperformer, gaining 0.... READ MORE
Market Recap for Friday, March 22, 2019 Investors were worried on Friday and it was reflected in the Volatility Index ($VIX), which rose more than 20%, and sharply lower U.S. equity prices. The small cap Russell 2000 was hit hardest, dropping 3.62%. The weakness, however, was felt just... READ MORE
Market Recap for Thursday, March 21, 2019 Technology stocks (XLK, +2.51%) carried Wall Street higher on Thursday as computer hardware ($DJUSCR, +3.56%), semiconductors ($DJUSSC, +3.13%), and software ($DJUSSW, +2.20%) all surged to fresh 2019 highs. Apple, Inc. (AAPL, +3.68%), which has regained its title of... READ MORE
Market Recap for Wednesday, March 20, 2019 Yesterday was all about the Fed and what it might say. It was essentially a foregone conclusion that there'd be no rate hike, so traders were on edge anticipating what might change in the Fed's policy statement. Stock traders... READ MORE
Market Recap for Tuesday, March 19, 2019 The U.S. stock market finished the day in bifurcated fashion as the NASDAQ (+0.12%) clung to a relatively minor gain, while the aggressive small cap Russell 2000 index lost 0.57%. The Dow Jones and S&P 500 barely finished... READ MORE
Market Recap for Monday, March 18, 2019 U.S. stocks moved modestly higher on Monday, extending Friday breakouts on both the S&P 500 (+0.37%) and NASDAQ (+0.34%). The Russell 2000 gained 0.67% to lead the action. Crude oil prices ($WTIC, +1.47%) topped $59 per... READ MORE
Market Recap for Friday, March 15, 2019 It was another solid day for the bulls to close out last week. It was also quad-witching options expiration Friday, which typically results in much-heavier-than-usual volume. Volume was certainly heavy on Friday. Leadership was found in the aggressive NASDAQ, which jumped 0.76%... READ MORE
In a sense, it already has. Well, maybe not 16 straight years, but play along. I've done a lot of historical stock market research over the years and several patterns really stand out. But one in particular always keeps me on edge as a short-term trader. The week... READ MORE
Market Recap for Thursday, March 14, 2019 Thursday was a day of rest and bifurcated action. The Dow Jones gained ground, albeit a rather miniscule 7 points, but the other major indices fell. The Russell 2000, NASDAQ and S&P 500 dropped 0.40%, 0.16%, and 0.09%... READ MORE
Market Recap for Wednesday, March 13, 2019 It was another strong day on Wall Street. All 11 sectors moved higher for the second time this week. Industrials (XLI, +0.88%) represent the only sector to have posted a daily loss this week. The other 10 sectors have shown gains all... READ MORE
Market Recap for Tuesday, March 12, 2019 Boeing (BA, -6.15%) was once again a major drag on the Dow Jones as that index ended the session in negative territory (-0.38%), while our other indices were positive. The NASDAQ (+0.44%) was the best performing index as 10 of... READ MORE
Market Recap for Monday, March 11, 2019 It never hurts to have Apple, Inc. (AAPL, +3.46%) breakout and that's what happened on Monday. It not only lifted the technology sector (XLK, +2.15%), but it provided a spark to our major indices as we experienced a "... READ MORE
Market Recap for Friday, March 8, 2019 Friday started ugly. There's no way to sugar coat the worst jobs report in 18 months. Nonfarm payrolls fell way short of expectations, 20,000 actual vs. 175,000 consensus estimate. Slowing job growth was an excellent predictor of the last... READ MORE
Market Recap for Thursday, March 7, 2019 Selling in U.S. equities continued for a fourth consecutive session as this is easily the most difficult period in 2019 for the equity bulls. The first technical breakdown occurred on daily charts as all of our major indices closed beneath their respective... READ MORE
Market Recap for Wednesday, March 6, 2019 All of our major indices took a hit yesterday, including the small cap Russell 2000 ($RUT), which once again lagged badly and dropped another 2.01%. The RUT was easily the worst performer as the Dow Jones, S&P 500 and NASDAQ... READ MORE
Market Recap for Tuesday, March 5, 2019 Another weak start and the inability to finish well contributed to minor losses across our major indices on Tuesday. Relative weakness in the small cap Russell 2000 resulted in a 0.45% loss there, while our other major indices fell more modestly -... READ MORE
Market Recap for Monday, March 4, 2019 It's really hard for me to say who won yesterday's market battle. Obviously, we finished lower so I guess that would be the determining factor to say the bears won this battle. But it sure felt like at least... READ MORE
Market Recap for Friday, March 1, 2019 U.S. equities rallied strongly at the open on Friday, then gave back most, if not all, of those gains by late morning, and finally rallied once again in the afternoon. While intraday volatility was high and different, the end result was what... READ MORE
Gold ($GOLD) performs its best in a falling U.S. Dollar ($USD) environment. There is a solid inverse relationship between the direction of GOLD and the direction of the USD that has existed for decades. The following chart illustrates this relationship from 2001 to 2010: "Gold thrives when the... READ MORE
Market Recap for Thursday, February 28, 2019 Our major indices were lower across the board on Thursday, but losses were minimal. The Dow Jones, S&P 500, NASDAQ and Russell 2000 dropped 0.27%, 0.28%, 0.29%, and 0.35%, respectively. That's not much damage considering... READ MORE
Market Recap for Wednesday, February 27, 2019 We're seeing how the stock market deals with a bit of adversity with a Volatility Index ($VIX) at 15 vs. when it was in the 20s and 30s. Every time it appears we're going to have a nasty day,... READ MORE
Market Recap for Tuesday, February 26, 2019 In what has become a rarity in 2019, all of our major indices finished in negative territory on Tuesday, but it wasn't without a fight. There was early selling, but stocks rallied throughout much of the session to forge to intraday... READ MORE
Market Recap for Monday, February 25, 2019 If you looked at the final numbers yesterday, you'd probably think it was just another day in this two-month long advance, but it wasn't just another day. It was a reversal off a gap higher with the market initially... READ MORE
Market Recap for Friday, February 22, 2019 Software stocks ($DJUSSW, +1.44%) continued their impressive dash higher, eclipsing their October high to enter all-time high territory. It was a significant breakout as the DJUSSW has been a relative leader for a long, long time. Check this out: Perhaps the most... READ MORE