Second Weekly Gain On Wall Street

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 […]

Powerful “UP” Week On Wall Street

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 reversedĀ for the week (opened lower and closed higher) which is typically a bullish sign. For weeks- we […]

Quiet Week On Wall Street

STOCK MARKET COMMENTARY: FRIDAY, JANUARY 10, 2013 The S&P 500 ended the week a few points higher as it continues consolidating its very strong year-end rally. The market still looks very strong and a pullback of some sort would be welcomed at some point. Remember the bullish fundamental backdrop is still in place for stocks. […]

Stocks Positively Reverse & Close Above Resistance

STOCK MARKET COMMENTARY: Friday, October 12, 2013 The market positively reversed last week (opened lower and closed higher) after investors believed that a deal would get done in DC. So far this appears to be just another shallow pullback in size (% decline) and scope (weeks, not months). The primary catalyst behind this 4.5 year […]