Wall Street has now experienced the longest negative spell in nearly 36 years, with nine consecutive declining days for the S&P 500, despite the encouraging intraday bounce on Friday. The Gorilla still thinks that the price action is consistent with an orderly correction, despite the 4-month lows registered by some of the major indices.…
DetailsState of the Stock Market Analysis for the Week Ending November 6th, 2016 (Political Landscape May Be the Culprit in Stock Market 11-6-16) Bulls were thinking that the eight-day losing session for the S&P 500 might finally come to an end of Friday, but a late-day fade left the S&P 500 down by about 3…
DetailsAre you “red” or “blue”? Democrat or Republican? Or other? Are you pulling for Hillary? Or are you supporting Trump? If you ask one side what would happen if the other side wins the election – you’d think that the utter ruination of our great nation is on the horizon. Racism, socialism, sexism, national security…
DetailsThe stock market had a mixed and volatile week, as the earnings season reached its peak, causing significant moves in several crucial stocks, including Apple (AAPL), Amazon (AMZN), Exxon (XOM), and Google parent Alphabet (GOOG). The major indices provided mixed signals for traders, as the Nasdaq even hit a new bull market high on Monday,…
DetailsState of the Stock Market Analysis for the Week Ending October 30, 2016 (October Ends with Another Round of Madness 10-30-16) Just when we were gearing up for the end of the contentious election that takes place on November 8th, there was yet another round of madness about Hillary Clinton’s emails on Friday that raised more…
DetailsDo you remember the 80’s? The Age of Excess… The Age of Reaganomics, The Cold War and economic prosperity? These were some of the most important events and happenings of the decade that came to define America – but there was another big war in the 80’s that is still shaping our country… A war…
DetailsThe major indices followed the bullish scenario so far, as the technical correction continued to unfold in a rather quiet manner. The Gorilla didn’t notice the signs of a major breakdown in the market. Stocks bounced higher off their previous lows in a choppy environment, led by the Nasdaq once again. Traders had a relatively…
DetailsState of the Stock Market Analysis for the Week Ending October 23, 2016 (Flat Close Leaves Markets Without Clarity or Direction 10-23-16) It was one of those weeks where we thought that we would finally get some clarity and direction, but that was not to be the case. The general mood was that having the final…
DetailsAs an investor, it’s important to read between the lines… Some stories aren’t just stories – they’re advanced profit notifications. Today’s advanced profit notification comes from the land of entrepreneurs. I’m talking about the men and women that put their own money into a dream – sometimes that dream is to make money – other…
DetailsThe major indices headed lower last week, following the internal weakness that the Gorilla noticed in recent weeks. The short-term correction has been fairly muted so far, as most stocks remained above their September lows, and volatility also remained tame. The British pound continued to be the center of attention, as the extreme moves by…
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