Stocks finished last week on a positive note, after a period of consolidation that followed the healthy rally of the previous three weeks. The slightly worrying signs that the Gorilla noticed last week only led to a minor correction, which is probably a good sign for bulls, as the majority of stocks still trade near…
DetailsState of the Stock Market Analysis for the Week Ending July 24rd, 2016 (Optimistic Outlook as Fed Reserve Meeting Brews 7-24-16) Stocks built on early gains on Friday enough to flirt with all-time highs, as the major indices finished at or near their highs of the day. Bulls are still hoping for a big, high-volume…
DetailsContrary to what you may think when reading the title of this article – I am not going to talk about political parties – though I doubt anyone would blame me if I did. No… I’m talking about real parties. Events. Gatherings… and how much I dislike them. And from what I get when I…
DetailsThe major U.S. indices have risen by 8%-10% in the three weeks since the bottom of the “Brexit-panic,” and the healthy bounce has now carried the majority of stocks to new all-time highs. Investors continued to focus on overseas topics, as the European and Japanese developments took center stage. Rumors surfaced in Japan about the…
DetailsState of the Stock Market Analysis for the Week Ending July 17th, 2016 (Week Ends On A Mixed, Yet Positive Note 7-17-16) We did set record highs for the Dow and the S&P 500 on Friday, but the stock market ran out of upside steam and finished the day flat and mixed, with the Dow higher…
DetailsOh, Brexit… you silly little political movement – have you seen what you’ve done to the markets?! Even worse… Have you seen what you’ve done to your own currency? The British Pound has taken a shellacking since the outcome of the Brexit vote – and it doesn’t seem the beating will stop any time soon……
DetailsTraders had to wait until Friday’s session again for any sustained move on Wall Street, as all eyes were focused on the non-farm payrolls number that traditionally comes out on “Jobs Friday.” This time around it was well worth the wait, as the blowout 287,000 reading triggered one of the strongest one-day rallies of 2016.…
DetailsState of the Stock Market Analysis for the Week Ending July 9th, 2016 (High Employment has Bulls Singing 7-10-16) Bulls were hoping for some good economic news and a catalyst to head higher, and we got it in the form of a blow-out employment number of 287,000 for June that handily topped expectations of 173,000 as…
Details2016. Regardless of which country the rest of the world population inhabits, many are focusing on what’s happening in the Good Ol’ USA and the race to see which character ends up ruling the White House… Or what’s come to be known as the most famous (or infamous) popularity contest on the planet. That’s right…
DetailsWall Street provided a week of promising price action for investors, despite a Monday that won’t go down in history as the most bullish day ever. The rest of the week, on the other hand, proved once again just how strong the U.S. stock market is right now. The major indices managed to climb back…
Details