STOCK MARKET COMMENTARY: FRIDAY, February 14, 2014 The market continues acting great considering how weak it was acting at the end of January. The benchmark S&P 500 is 0.6% below its record high which is very impressive. So far, this market continues to support our thesis that this is just another pullback within a broader…
STOCK MARKET COMMENTARY: FRIDAY, February 07, 2013 In the short term, the buyers are back in control after what appears to be another shallow pullback in size (% decline) and scope (weeks, not months). The major averages positively reversed for the week (opened lower and closed higher) which is typically a bullish sign. For weeks- we…
STOCK MARKET COMMENTARY: FRIDAY, JANUARY 31, 2013 In the short term, the long overdue pullback is finally upon us. As long as support holds (1767-1772 in the SPX), odds favor this is just another shallow pullback. However, if support is broken, the next level of support is 1729. For weeks- we have written, “In the…
STOCK MARKET COMMENTARY: FRIDAY, JANUARY 24, 2013 There is no easy way to put it- This was an ugly week on Wall Street. The major averages negatively reversed, closed lower, and broke support which is not a healthy sign. In fact, the Dow Jones Industrial Average fell everyday during the shortened holiday week as investors…