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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 ...

04/19/13

Stocks opened higher yesterday, but the gains did not last long as the Dow quickly moved into negative territory, and closed down 81-points. The results were about the same across the indices with losses in the area of about one half of one percent.
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