May 22, 2019

The market continues to live up to my expectations. The movement on any given day is dictated by the news flow, and as I’ve warned would likely be the case, we’ve seen the indexes gap down and gap up depending on the latest trade news. This makes for a whip-saw environment that does not necessarily lend itself to investing but can be exploited on a swing-trading basis. Today’s action... Read More

May 19, 2019

The market’s wild and woolly action did not let up all week long. The NASDAQ Composite and S&P 500 Indexes both regained their 50-dmas on Thursday as they got right back to where they started the week. The three-day rally was greeted on Friday with a gap-down open, and the market went into the spin-cycle from there. The indexes rallied off their gap-down... Read More

May 15, 2019

I discussed over the weekend the basic idea that the news flows surrounding the current trade war between the U.S. and China would create some crazy volatility. A ratcheting-up of tensions over the weekend sent the indexes gapping down and selling off big on Monday. China imposed more tariffs on U.S. goods while the U.S. sought to accelerate the addition of additional tariffs on the remainder of... Read More

May 12, 2019

The trade tariff increase threatened by President Trump last weekend went into effect Friday at midnight, although many pundits did not think he would make good on his threat. The general thinking was that this would be disastrous for the economy and therefore the President could not afford to raise tariffs given that he is supposedly sensitive to the stock market and his mythical, “booming”... Read More

May 8, 2019

After taking the market down in volatile fashion over the past two days, investors mostly sat on their hands as volume declined and the indexes held steady. By now, members are well aware of the news that sent the market into a tail-spin Monday morning, so I needn’t go into great detail about this. The bottom line is that we have seen some heavy-volume selling off the peak as the U.S.-China trade... Read More

May 5, 2019

The market ended the week pretty much where it started after some mid-week volatility centered around the Fed meeting. The NASDAQ Composite Index was hit with distribution on Wednesday and followed up with more selling on Thursday before finding its feet near its 20-dema on an intraday basis. A jobs number of 250,000, beating expectations of 190,000, got things heated up... Read More

May 1, 2019

Earnings season continues to produce a mix of price gaps to the upside and the downside. The latest gap-up move in a leading stock, Apple (AAPL), helped fuel the indexes mostly to higher highs overnight given that it is a leading component of the Big Three major market indexes that are the Dow,... Read More

April 28, 2019

Leading stocks have been something of a mixed bag after reporting earnings, with several big-stock names getting slammed this past week. However, leading names have also had their fair share of gap-ups following earnings, helping to propel the major market indexes to new highs. The NASDAQ Composite posted an all-time closing high on Friday, after posting an all-time intraday... Read More

April 24, 2019

The NASDAQ Composite and S&P 500 Indexes both posted all-time closing highs yesterday. Those did not hold up today as all the major indexes pulled back on lighter volume. The weekly chart of the NASDAQ shows a persistent rally back to the August 2018 highs, with the index up 15 out of 17 weeks so far.   ... Read More

April 21, 2019

The market stabilized ahead of the long three-day Easter Holiday weekend after the NASDAQ Composite ran into some stiff selling off the peak on Wednesday. The roughly flat closes among all the major market indexes were accompanied by slightly negative breadth on both exchanges. On the surface, not much was happening as volume receded ahead of the long holiday weekend.   ... Read More