Free Reports

Complete Gilmo Reports are available to the public 45 days after they are posted. For immediate or faster access:
Login or Subscribe. Complete Marder Reports are available below.
MOST RECENT

The Gilmo Report

October 17, 2018

October 17, 2018
I wrote over the weekend that the fat part of the short-selling game was likely over with, at least for the near-term. Thus, there was no point in pressing the short side coming into the new trading week. Given that the indexes and many busted formerly leading stocks became wildly oversold by the time last Friday’s closing bell sounded, we have been treated to a normal, natural oversold reaction... [more]

October 14, 2018

October 14, 2018
The velocity with which the market and leading stocks have fallen this past week has been quite astounding. It is reminiscent of the action in early February, which featured the Dow Jones Industrials Index’s first-ever 1,000-point downside close. These days, however, a drop like that is only about 5%, nothing in comparison to the May 6, 2010 Flash Crash that saw the Dow decline... [more]

view all Gilmo Reports

The Marder Report

October 3, 2018

October 3, 2018
The big picture is a market rotating away from small-cap/mid-cap/growth and into large-cap/S&P 500/blue-chip stocks. The clearest signs of this divergence can be found in charts of the cumulative NYSE advance-decline line and the % of NYSE stocks above their 50- and 200-day moving averages. This rotation into lower-risk names is classic late-cycle behavior. It has been discussed numerous... [more]

September 4, 2018

September 4, 2018
Stocks remain in good shape, bolstered by strong earnings growth and still-low interest rates. The Nasdaq Composite and S&P 500 are just days off their all-time highs, while the advance’s breadth is solid. Leadership in the growth sector has been notable, with a few liquid glamours leading the way along with numerous more-speculative issues, including Tilray (TLRY), Bandwidth... [more]

August 13, 2018

August 13, 2018
Stock averages continue to hold their own as proceedings move through a normally slower season of vacations. While volume left a little something to be desired on the S&P 500’s latest move to a new high, turnover on the Nasdaq made up for that. ... [more]

July 18, 2018

July 18, 2018
The averages make progress as they put their brief June swoon behind them. Volume remains less than desired, especially at the level of the averages. For example, activity has actually diminished on all four S&P rallies since the Apr. 2 low. ... [more]

July 10, 2018

July 10, 2018
Stocks remain in the driver’s seat, with Friday’s wide-range bar and good close of particular note. Volume has been well below average on this rally, part of which may be due to caution ahead of earnings season. Leadership in the Nasdaq is coming together gradually as patterns are repaired and in some cases completely rebuilt following the 5% June reaction. Within the list, technology... [more]

view all Marder Reports