Canaries Still Breathing Okay
I haven’t done a canaries in the coal mine update in a while, but with the major market indices hitting fresh highs last week, it’s time to check if any are dead. Remember, canaries in the coal mine...
View ArticleMajor Indices Not Singing a Good Tune
2014 may be young, but so far, it’s exhibiting a very different character than 2013 with the rate of ascent completely flat lining and the high flying leaders hit very hard. In other words, the year...
View ArticleDon’t Count the Bulls Out to Begin 2015
Welcome to 2015! Wishing you and your family a very Happy, Healthy, Safe and Peaceful New Year! Stocks finished 2014 with a whimper rather than a bang as the lack of liquidity allowed sellers to move...
View ArticleApple’s Good Earnings Impacting Market
Earlier this week, Apple released a very solid earnings report beating analysts estimates on the top and bottom line, meaning the company had more revenue and profits than forecast. On the surface that...
View ArticleSemis & NASDAQ 100 at Odds
On Tuesday, the Semiconductor Index as well as its ETF counterparts hit new lows for 2015. This is important for two main reasons. First, historically, as go the semis, so goes the NASDAQ. And as goes...
View ArticleNASDAQ 100 to Bounce and then Fully Correct
As has been the case since the big “shock” day in the NASDAQ 100 on June 9, I have been a little cautious (neutral) on that index and more positive on the Dow and S&P as it looked like leadership...
View ArticleNASDAQ 100 Still Ugly
Those looking for volatility certainly got their wish this week as moves were seen Monday, Tuesday, Wednesday and Thursday. With Friday being the start of an unofficial four day weekend, I doubt there...
View ArticleMarket Remains Uneven But No Big Decline Coming
I hope everyone had a festive July 4th holiday with family, friends, food and libations! Thanks to all those who have served to fight for and protect our freedom as the greatest nation on earth. We...
View ArticleSlow Change in the Tide
As you know, the NASDAQ 100 and tech have been downright ugly overt the past 6 weeks. From leader and media darling, this huge sector, including the much vaunted FAANG stocks have been hit very hard...
View ArticleNASDAQ 100 Right on Schedule. Gold and Energy Opportunity
For the past month or so, I have focused much of my commentary on the NASDAQ 100 as it had been the far and away market leader before getting hit with the ugly stick from late May to early July. Late...
View ArticleDow Theory Says to BUY
After staving off early morning selling on Tuesday, the bulls followed through with a nice little day on Wednesday. As I have discussed, the NASDAQ 100 continues to bounce back and resume leadership....
View ArticleAnother Good Day for the Bulls
After a number of short-term victories for the bulls over the past week, the Dow Industrials and Dow Transports scored new all-time highs together, triggering a Dow Theory confirmation or buy signal on...
View Article
