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Good morning

It was a painful week for investors, and this month has felt downright bloody, but if we step back and look at the bigger picture, the reality is the S&P 500 is down only -.49% MTD. It’s not the prices drop that’s been scary, but the relatively short amount of time it’s taken for those prices to drop. If you feel like you’re getting shaken from your conviction to stay invested, perhaps this chart of April’s returns over the last 60 years will help convince ...

I was not able to post my blog yesterday as the site was down for maintenance. I am providing a bit of commentary this morning, but without charts (I'll try to add them later this evening).

First, the Top 50 reduced their overall stock exposure by more than 17% going into this week's trading. That kind of reading has typically seen the market rally (on a weekly basis) when the Top 50 reduce stock exposure by more than 10% (in a bull market). But there are no shortage of technical ...

04/22/13

Stocks rallied on Friday although the Dow was only up 10-points because of the 8% decline in Dow Component IBM after a weak earnings report. The broader indices saw gains near 1%.
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Volatility picked up last week as the Dow started the week with a 266-point loss on Monday, then a 158-point gain on Tuesday, another 138-point loss on Thursday, then an 81-point loss on Thursday and, even though the Dow was up only 10-points on Friday, the S&P 500 was up almost 1% on the day. IBM's weaker than expected earnings report put pressure on the Dow.


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Good morning

It's been a tough week, I've been at home on Conv. leave, watching the markets in real-time and it hasn't been any fun when it's tanking and so are your positions. If you read Tuesday's blog then you know we had triggered the Down Friday & Monday Indicator, which hints at a 75% probability the markets will go lower than Monday's close, with the highest probability of the lowest close on Friday. I wanted to present this data on Monday, but the stats I had were ...