State of the Stock Market Analysis for the Week Ending on November 5, 2017 (Week Ends with All 3 Major Indices at All Time Highs 11-5-17) It was quite a week on Wall Street as all three of the major indices hit all-time highs against the backdrop of strong earnings and solid economic news. Apple…
DetailsThis old adage has been used on Wall Street for years… “Like shooting fish (or ducks) in a barrel” has been used to describe those things that are easy or “sure things” – which makes the fact that it’s become part of the Street’s jargon laughable. Why? Because there’s no such thing…
DetailsWall Street had a mixed week after the recent march to all-time highs, as stocks turned slightly lower in the next round of the inner battle in the Republican Party before upbeat earnings reports saved the day. While not everything is rosy regarding 3rd quarter numbers, the most watched companies reported better-than-expected numbers, with the…
DetailsState 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…
DetailsDo 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…
DetailsThe 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…
DetailsState 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…
DetailsHave 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…
DetailsThe 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…
DetailsState 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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