The Gilmo Report

September 23, 2018

September 23, 2018
The Dow Jones Industrials Index finally caught up to the rest of the indexes by posting its own all-time high on Thursday, exceeding the prior highs of late January. The S&P 500 also logged another all-time high, but NYSE volume was lighter on the day. On Friday, the Dow made another all-time high but churned and stalled in a narrow price range on heavy quadruple-witching... [more]
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September 19, 2018

September 19, 2018
The week has so far had an odd feel to it, as I intimated in yesterday’s video report, and this was reinforced by this morning’s stark divergence between the Dow Jones Industrials and the NASDAQ Composite Indexes. This was preceded by yesterday’s big rally following the imposition of tariffs on an additional $200 billion worth of Chinese goods and services.... [more]

September 16, 2018

September 16, 2018
The market was pushing back up toward its prior highs after finding inspiration in a Tuesday Wall Street Journal report that the U.S. was inviting the Chinese to a fresh round of trade talks. This of course had the effect of turning the market on a dime Tuesday morning when it was selling off in earnest. The indexes then slogged their way back up toward their prior highs over the next two... [more]

September 12, 2018

September 12, 2018
After starting the month off with four-straight down days, the major indexes found logical support and rallied on Monday and Tuesday. They even shook off a gap-down open yesterday on news that China was asking the World Trade Organization for permission to sanction the U.S. $7 billion for alleged trade violations. The NASDAQ Composite Index bounced off the top of its late-July... [more]

September 9, 2018

September 9, 2018
Investors must now figure into their market assessment and strategy a new factor that can drive significant and often random price movements. That would be the arrival schedule for the Trump Train, which can blindside the market whenever the President decides to pile on the rhetoric regarding his current Trade War. On Friday, a strong jobs number sent the futures careening to the downside... [more]

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