Summer Pullback Underway | Week in Review 08/18/2017

Summer Pullback Underway The Dow Jones Industrial Average and S&P 500 fell for a second straight week as selling finally showed up and volatility jumped.  The tape remains somewhat split: The Dow Jones Industrial Average is out-performing its peers on a relative basis.  The Nasdaq Composite and S&P 500 are a little weaker and closed […]

Week in Review: Nuclear Tensions Send Stocks Lower… 08/11/2017

Nuclear Tensions Send Stocks Lower – From Overbought Conditions The market fell from extremely overbought levels last week as tensions rose between the U.S. and North Korea. The major indices were extended to the upside and way overdue to pull back.  The S&P 500 and Nasdaq pulled back into their respective 50 DMA lines while […]

Week in Review: This is What a Bull Market Looks Like! 08/04/2017

My friends, this is what a bull market looks like!  Just look at the chart above!  The market ended higher last week as investors digested a slew of mostly positive earnings and economic data. The big economic news came on Friday when the government reported a stronger-than-expected jobs report.  So far, earnings are mixed to […]

Week in Review: Stocks End Mixed As Earnings Rolls In… 07/28/2017

The market ended mixed last week as investors digested a slew of earnings and economic data. So far, earnings are mixed: Netflix, Facebook, Amazon, and Google reported earnings and Netflix and Facebook are up, but the others are down.  Several other well-known stocks reported earnings last week with the reaction still mixed. The Dow ended […]