Strong Week for Tech Companies of All Ages | October 29, 2017

State of the Stock Market Analysis for the Week Ending on October 29, 2017 (Strong Week for Tech Companies 10-29-17) What a week it was for both new and old tech companies! Amazon (AMZN) posted strong earnings Thursday after the close, which set the stage for the Nasdaq’s 2.2% gain in Friday’s action that pushed…

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Hollywood…Here We Come! | From the Mind of the Gorilla

Do you remember Blockbuster Video? My teen and young adult years were filled with seemingly nightly trips to our local Blockbuster Store to rent a few movies and grab a pizza or some burgers on our way back home. The people that worked at the store were more friends than the random accouterments that employees…

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The Week Ahead Stock Market Update | October 23, 2017

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…

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Record Highs 30 Years After Black Monday Crash | October 22nd, 2017

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…

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Breaking the Wall Street Code | From the Mind of the Gorilla

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…

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The Week Ahead Stock Market Update | October 16, 2017

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…

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Mid-Month and Markets Continue Rising | October 15th, 2017

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…

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Information Gridlock | From the Mind of the Gorilla

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…

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The Week Ahead Stock Market Update | October 9, 2017

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…

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Stock Market Kicks-Off October on Good Note | October 8, 2017

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…

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