Another nasty week in the market with unfortunately no end in sight. Yesterday and today the three indexes that were holding up the strongest (Dow Jones 30, S&P500, and the NYSE) all broke down and made new lows. In fact, what a difference only one week made … last Friday the S&P 500 made an […]
This week was a bit nasty, we saw a traditional fake-out which caught many investors by surprise. In fact, even the daily investment newspaper Investors’ Business Daily, which is usually pretty good at getting a gauge of the market, on Tuesday changed their Market Outlook from ‘Uptrend Under Pressure’ to ‘Confirmed Uptrend’, only to reverse […]
This week was a bit nasty, with the leading and smaller cap stocks (Nasdaq and IWM) taking heavy losses continuing the month long decline that started in early March. Larger (safer) stocks are doing much better although most are still not profitable, just staying flat for the same time period. This rotation to larger companies […]
A fairly dull week in the market although today certainly was a little nasty with the market making a downside reversal. We started the day flirting with new highs (on the S&P only) and then ended closing at the absolute lows of the day, with the Nasdaq and Leaders being hit particularly hard. From the […]
We find ourselves again in a declining market with the Dow, NYSE and S&P500 all in negative territory for the year (again) and IWM and QQQ (small caps and technology focused ETFs) not far above the breakeven point. For our ‘the One’ strategy, we started the week at 100% (no margin use) and lowered our […]
Another productive week for the market. As you see above, we exited margin and went back to just 100% invested. For those of you that have do not have margin accounts, there was no change in your allocation; you were fully invested at the start of the week and you are fully invested at the […]
Another productive week for the market. All in all, we spent the week consolidating (going sideways) with basically no gain or loss. Given how elevated things are in the short term, this sideways movement is good action to see. Especially given the fact that we have closed up 14 of the past 16 sessions … […]
The market had a productive week. Although it basically ended flat to slightly down for the week, volatility seems to be calming down and the major indexes have regained important levels and seem to be holding above them with decent support. We are still getting some strong intraday moves, but significantly less than we have […]
Given that it is Valentine’s Day and the 20th one I am celebrating with my beautiful wife … I need to make this a short recap this week, or I won’t be able to celebrate my 21st one next year J Another astonishing week in the market. Looking at the charts over the past month we have a […]
Amazingly the week closed with a slight gain on all the indexes. If you watch the markets during the week, I’m sure you will join in my amazement. We started the week with a nasty decline of 2% to 2.5%, then dropped a bit further on Tuesday and Wednesday, yet yesterday and today the market […]