State of the Stock Market Analysis for the Week Ending on July 15th, 2018 Nasdaq Hits All-Time High Again, Earnings Season Underway 7-15-18) Bulls were thrilled on Friday to see the Nasdaq hit another all-time high. The major indices are looking good, but it was a definite positive to see the broader market slightly higher…
Elon Musk is an amazing innovator… One of the internet’s most famous billionaires, Elon Musk may have made himself as one of the founders of PayPal (PYPL)– but it’s what he’s done after selling the dotcom giant that has made him one of the world’s most recognizable names. Tesla cars, SpaceX, the LA underground…
July 9, 2018 The major indices finished last week in a very bullish fashion, as Wall Street saw a broad rally, despite the very low trading volume around Independence Day. Although the divergences that have been apparent for several weeks are still present, the correction that was triggered by emerging market worries and trade…
State of the Stock Market Analysis for the Week Ending on July 8th, 2018 Bulls Close Out Week With A Win 7-8-18) Bulls closed out Friday with a solid win, which followed a strong jobs report that showed 213,000 new jobs. Economists were looking for 200,000 new non-farm jobs, and while the 213,000 for June…
Over the past 30 years, has there been a bigger producer of wealth than technology? The answer: yes – there has been. Fueling our world is more important than the luxuries that are within our world… But besides the creation of energy – nothing has created more wealth than technology. …
July 2, 2018 The past few weeks were all about the divergences between the major indices, but last week, the tide turned, and the previously leading Nasdaq spiked lower together with the small-cap segment. The Chinese yuan’s plunge, which was the trigger of several corrections in recent years, sparked a flight to safety trend,…
State of the Stock Market Analysis for the Week Ending on July 1st, 2018 Month Ends on Positive Note, After Up and Down Week 7-1-18) Friday was an interesting day on Wall Street in that the major indices closed positive, but it capped off a down week. For the week, the Dow and S&P 500…
We witnessed a rare occurrence this week. It wasn’t the spotting of Haley’s Comet, a double rainbow, or a four-leafed clover… It was the toppling of a giant. The funny thing about giants is the fact that they leave a gaping hole whenever they leave the world – and this giant…
June 25, 2018 Wall Street is still the island of calm from a global perspective, as volatility remains low, growth stocks and small caps are performing admirably, and all of the major indices are in encouraging technical positions. That said, there are clear divergences between the best performing and the lagging segments domestically, while…
State of the Stock Market Analysis for the Week Ending on June 24th, 2018 Week Closes Mixed and Flat 6-24-18) Tariffs and trade wars were once again in the picture on Friday as the EU and the U.S. focused on cars. The ongoing trade issues are relatively small in terms of the GDP, but they…
