The Gilmo Report

September 19, 2021

September 19, 2021
Distilled down to its essence, investing is still mostly about making educated guesses. When operating in a market that exists well beyond the boundaries of historical norms, a lot of what you think you know about the way markets act or work goes right out the window. This effectively erases educated from the phrase educated guess and transforms the process into one of mostly just... Read More
MOST RECENT

September 15, 2021

September 15, 2021
The S&P 500 Index sold off six days from last Tuesday’s new-high peaks to again test its 50-day moving average in the middle of the month just as it has over the prior four months and just before the monthly options expiration each time. Every time the index has tested the 50-day line it has found support, as it did today on a slight increase in volume, and then bounced back... Read More

September 12, 2021

September 12, 2021
I woke up on Friday morning around 4:00 a.m. my time when my trading platforms open up for business and noticed that the futures were up pretty nicely. Figuring that this was likely due to some sort of news-push I checked the morning headlines and noted that the futures pump was being attributed to a phone call between President Biden and President Xi of China. Apparently, they discussed many wondrous... Read More

September 8, 2021

September 8, 2021
While the major market indexes may look like they’re still trying to digest Friday’s jobs number, individual stocks are already starting to draw their own conclusions. The NASDAQ Composite Index remains in a short, five-day consolidation around all-time highs, with no significant resolution in either direction.   ... Read More

September 5, 2021

September 5, 2021
The crowd was certainly not expecting a negative market reaction to a weak Bureau of Labor Statistics jobs number on Friday. Expectations were for anywhere from 725,000 to 750,000 but the BLS could only manage to puke up 235,000 “new” jobs for the month of August. The futures’ instantaneous initial reaction was to the upside, but after that the market went into a deep think as it sloshed around... Read More

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