The “summer lull” continued on Wall Street, as the major indices consolidated just below their all-time highs for a second week in a row. Most stocks traded in a very narrow range last week, as the S&P 500 moved less than 1% throughout the past ten sessions. Trading volume was low once again, as the…
DetailsState of the Stock Market Analysis for the Week Ending August 21st, 2016 (Summer Heat Brings a Calm Week 8-21-16) With all three major indices finishing Friday slightly lower, it rounded out a quiet week that was essentially flat. It was no surprise as there were just no big news items or earnings reports to send…
DetailsWe’re about to take a big step down the proverbial rabbit hole – I hope you’re prepared… What’s your take on evolution? People come from two camps, for the most part… They either believe that through the ages, man evolved from single-celled organisms or that a Supreme Being created this world, along with mankind and…
DetailsTraders might have felt strange last week, as the price action in the stock market closely resembled quiet Christmas week trading. The major indices traded in a less than 1% wide range throughout the week, as most investors were probably more interested in the Olympics than financial markets. The Gorilla thinks that bulls should be…
DetailsState of the Stock Market Analysis for the Week Ending August 14th, 2016 (Bulls Let Down With The Week’s Outcome 8-14-16) Bulls were hoping for a blockbuster upside win yesterday that would have closed us out at all-time highs for the week, but that was not to be the case. Retail sales for July came…
DetailsAhhh, remember days when companies would build their business the old fashion way? The best part of the “old way” of doing things? The commercials… Commercials were the fastest and easiest way to get new companies and products support. I mean think about it… How many of us can sing the Oscar Mayer song? “Myyyy…
DetailsStocks continued to trade sideways before Friday’s session last week, as economic numbers were mixed and worries about the European banking system continued to weigh heavily on financials and the broader market. Despite these woes, the major indices finished the week on a very positive note, as the non-farm payrolls release beat expectations yet again…
DetailsState of the Stock Market Analysis for the Week Ending August 7th, 2016 (New Jobs Number Starts the Weekend Positively 8-7-16) The ADP private jobs number for July came in at 179,000 new jobs on Wednesday versus June’s 176,000, and that set a positive tone as we awaited the government’s numbers on Friday. The stock…
DetailsThe change in leadership continued on Wall Street last week, as the Nasdaq outperformed the other major indices, with the help of several better-than-expected earnings reports from prominent tech names. Facebook (FB), Alphabet (GOOG), and Apple (AAPL), probably the three most successful tech firms currently, all beat expectations, propelling the Nasdaq to a new all-time…
DetailsState of the Stock Market Analysis for the Week Ending July 31st, 2016 (July Ends on an Interesting Note 7-31-16) Stocks closed out July on a mixed and quiet note, but overall, the month had the bullish camp smiling widely. The week was fairly flat, but for the month, the major indices hit a home…
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