The mighty bull market hit another historic mark last week, as the Dow crossed the 23,000 level for the first time, and never looked back. IBM’s sizable earnings beat helped the rally in the mega-cap index the most, but the positive surprise by Johnson & Johnson (JNJ) also boosted the benchmark. All of the major…
State of the Stock Market Analysis for the Week Ending on October 22, 2017 (Record Highs 30 Years After Black Monday Crash 10-22-17) What a difference 30 years makes! We had the 30-year anniversary of the Black Monday Crash of 1987, and amazingly enough, we had record highs in the major indices this week that…
Have you ever read the book The Da Vinci Code? If not, maybe you’ve seen the movie. Either way, it’s a fascinating story in which the characters have to solve puzzles and riddles in order to move closer and closer to the truth. The code was always there to be solved – it…
The stock market basically froze last week, with the major indices trading in an extremely narrow range throughout the period. The near-record low volatility isn’t a bearish sign, especially after the healthy rally during the past few weeks. The overbought readings that the Gorilla observed previously are less obvious after the sideways drift, which could…
State of the Stock Market Analysis for the Week Ending on October 15, 2017 (Mid-Month and Markets Continue Rising 10-15-17) Amazingly enough, here we are in mid-October with the stock market edging ever higher. For the week, the Dow Jones Industrial Average rose 0.4%, while the Nasdaq and S&P 500 rose about 0.2% each. We…
Do you remember the story of Chicken Little? It’s the story of the little chicken that was walking around and an acorn fell on her head and she immediately jumped to the conclusion that the sky was falling… The rest of the story has this clucker running around the barnyard, freaking everybody out…
Stocks delivered a delightful week for bulls once again, as the previous week’s strong showing was followed by a relentless march to record highs. Although small caps took a breather toward the end of the week after their tax-plan induced surge, financials and industrial stocks continued to lead the bull run. Political woes in the…
State of the Stock Market Analysis for the Week Ending on October 8, 2017 (Stock Market Kicks-Off October on Good Note 10-8-17) Stocks closed Friday flat and mixed, but they did hit new all-time highs this week. Earnings season is underway, and it will be interesting to see how it unfolds. For the week, the major…
Have you ever had buyer’s remorse? And I’m not talking about stocks – we’ve all bought something we thought would be a winner and watched as it reversed course. I’m not talking about stocks… I mean have you ever bought something that you didn’t really need but really wanted, got it…
Bulls could hardly expect more from the last week of September than what stocks delivered, as the major indices all finished with gains despite a bearish Monday session. The effects of the German elections quickly faded away, and optimism spread on Wall Street in the second half of the week. Small caps have been a…
