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Stocks could not withstand the sucker punch from Apple yesterday as we saw an across the board sell-off of 2% to 3%. Apple is a component of the Dow (-660), the S&P 500 (-2.48%), and the Nasdaq (-3.04%) so they were hit hard. Apple is not part of the small caps indexes so while the small caps did decline in sympathy with the larger indexes, the Russell 2000 lost "just" 1.3% and our S-fund fell 1.74%. And with the dollar falling sharply, the I-fund held up even better.
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Stocks opened the New Year on a sour note as the indexes plummeted at the open and within minutes the Dow was down 398-points. That turned out to be the low of the day, and the bulls came in buying with both fists taking most of the indexes into the green by the close, and the Dow ended with a minor 19-point gain. The Nasdaq led with a solid 0.46% gain. That created very positive outside reversal day patterns on the charts, but there's a problem...

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Happy New Year! We saw 2018 wrap up on Monday with a 265-point gain in the Dow, and solid gains in most indies. We start the New Year with plenty of uncertainty as far as interest rates, tariffs, a government shutdown, a political mess that should keep the President busy as the new Democratically controlled House of Representative will be going after him relentlessly, while the Republican controlled Senate does their own investigates so everyone will be busy beating each other up. How this government ...

Well, it's the end of a wild month, and a wild year for the stocks market. Friday's action closed rather flat, but mixed, and the action was choppy with decent afternoon gains being given back in the final hour of trading. The Dow lost 76-points, but it felt worse since it was up over 240 with an hour to go in the day. The S&P was down on the day, but small caps and the I-fund ended the day with decent gains.

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After the first few sufferable weeks of December, stocks put on a show for traders producing the only week of gains for the month last week. Stocks began the week with the worst Christmas Eve sell-off in history. Christmas day must have revived the spirit of investors who finally all agreed the indices were oversold. The result was the greatest one day point gain on record Wednesday. It felt like a once in a lifetime sort of day but still only had enough behind it to erase the last two trading ...