Market Observations
The market is a very confusing place right now and there are a lot of cross currents to decipher. I spent the afternoon perusing a lot of charts in the hopes of finding some clarity. I do this about once a week – I look at charts everyday but once a week I sit down .. read more
Weekly Economic & Market Review
Over the last couple of months I’ve dedicated a good portion of these weekly commentaries to the various headwinds I see facing the global economy and markets. Everyone, it seems, knows what the risks are and I’m beginning to wonder if, being so well known, the actual events may prove less jarring to sentiment than .. read more
A Closer Look
The markets were once again higher this week, as the Dow Industrials hit the 13,000 level and the Nasdaq Composite hit 3000, levels not seen in years. The S&P 500 also hit multi-year highs, on its way to the best 2-month start to any year. This might all change soon with Bernanke’s announcement on inflation .. read more
A Closer Look
More of the same this week. Markets inching higher on low volume. Crude oil spiking. Tensions in the Middle East. The Bank of Japan trying to do too much. The markets do seem overbought right now, but have been for weeks now. Will this correction ever come? The Nasdaq Composite is holding its trend line. .. read more
A Closer Look
The S&P 500 continues to creep up on no news from Europe and further monetary easing here in the US. While the move up has been nothing to write home about, the markets do find themselves overbought, and sentiment is quite positive, which may signal at least a short term top. The VIX index hit .. read more
A Closer Look
This week of trading was once again categorized by low volume and solid technicals. The S&P 500 broke through resistance at the 1290 level and managed to hold the uptrend line, at least temporarily. In the longer-term, the picture is even brighter. The S&P 500 blasted through both the 50-week moving average and its downtrend .. read more
Weekly Economic & Market Review
The economic data last week continued to defy the prognostications of impending economic doom. The vast majority of the reports were better than expected – although not good enough to disperse the Occupy (insert your city here) protestors. Based on the rate of improvement in the employment statistics, the occupiers encamped down at Wall and .. read more
