Recent Blogs Posts

The ups and downs of the recent market action continued yesterday as we saw a strong open fail, but that was followed by steady buying that pushed the indices toward solid gains for the day. All that chopping around recently was leading to last night's earnings report from Apple and this morning's jobs report. Apple was up after hours but the jobs report may be the bigger impact as interest rates are on the line.

...

The Fed did not disappoint those looking for some FOMC fireworks yesterday as stocks were all over the place yesterday. After a mixed but mostly lower morning for stocks, the monetary policy and subsequent press conference initially sent the indices soaring higher, but they came crashing down into the close, closing modestly lower and near the lows of the day. Yields were down, which helped the small caps.

...

Stocks dished out another Turnaround Tuesday as the relief rally off the recent lows is now in jeopardy. The Dow lost 570-points and the market took no prisoners as large and small caps alike got clobbered. Rising yields and a higher dollar put the pressure on, but it was more inflationary data that triggered it and got the ball rolling down hill for stocks.

...

Greetings

April 2024 was a stinker. Compared with the previous 63, this April 2024 ranked as 5th worst of 64 with a -4.16% loss. It was a tough month with 13 of 22 trading days closing down, and every MTD session closed in the red.

Adding to this, our 110 sessions above the 50 day simple moving average (the 3rd best over 21 years) was breached with our last 12 sessions closing below this (closely watched) SMA.

---

Still, ...

Stocks started the new week with another moderate gain, keeping the recent rebound going. There was an afternoon scare from the bond market that caused a brief sell off, but the bulls didn't waste time and bought it and pushed prices right back toward the highs of the day by the close. The Dow gained 146-points and bond yields were down helping small caps lead on the upside.

...