STOCK MARKET COMMENTARY: FRIDAY, AUGUST 30, 2013 Stocks were under pressure for most of August as a slew of external “fears” plagued Wall Street. Here are some of the “fears” that hurt stocks: Fed Taper, Lackluster earnings growth, Potential War Brewing in the Middle East, & higher energy prices, to name a few. We are…
STOCK MARKET COMMENTARY: FRIDAY, AUGUST 23, 2013 Stocks positively reversed (opened lower and closed higher for the week) as interest rates negatively reversed (opened higher and closed lower) as fear eased regarding when the Fed will taper. Normally, “reversals” after a decent move signal a short-term change in trend may be on the horizon. As…
STOCK MARKET COMMENTARY: FRIDAY, AUGUST 16, 2013 Stocks fell after interest rates soared last week as fear spread regarding when the Fed will taper. There are a few subtle signs that this market is getting weaker, not stronger. The benchmark S&P 500 and Dow Jones Industrial Averages both sliced below their respective 50 DMA lines which…
STOCK MARKET COMMENTARY: FRIDAY, AUGUST 09, 2013 The major averages slid last week after fear spread regarding when the Fed will taper. So far, the action remains healthy as prior chart highs are being defended. The S&P 500’s high in May was 1687 so that is the first near term area of support, then its…