Skip to main content

Posts

Showing posts from February, 2014

February 23, 2014 – Weekend Market Comment

February 23, 2014 – Stock continue their climb upward as economic conditions continue to improve and there are few problems on the horizon. 
Stocks were mixed in a holiday-shortened trading week, as investors weighed weak economic signals against some good earnings reports as well as encouraging merger and acquisition activity. The broad large-cap indexes were modestly lower, while the technology-heavy Nasdaq Composite and the smaller-cap indexes enjoyed gains. Bull markets have a maximum shelf life of five years, and Wall Street may soon approach the end of this one. It's a little bit of catch-up for 2013, We've gone for an awfully long time without a correction. Bull markets tend to have a maximum life of five years. We're getting awfully close to that.
Heightened concerns over emerging market currencies and liquidity flows have made for a jittery Friday on Wall Street, as the Dow dropped 231 points during the morning trading session before halving its losses. If the S&…

February 12, 2014 – Market Comment

February 12, 2014 – I will be on a sail trip this weekend and no there will be no blog posted this weekend.. 

The Economist Magazine this weekend had a cover story on the bumpy markets expected for equities. There are lots of gloomy stats about the January 2014 sell off, but no sooner did they publish and the markets turned a corner. The oversold bounce is in full swing as the buy the dippers are loading up with equities at sale prices. 
First lets look at what a nice firm bounce this is, I have also in red shown OBV -- it is always a good sign if OBV keeps up with the buying.
(as always click any graphic to enlarge it)

The risk on trade gains speed as the VIX makes a sharp pull back.

Ont NYSE big board more than 65% of stock are over their 50 day moving average. 


Worst hit in the sell off was the NASDAQ but the summation index is turning there too,

The Green Arrow Graph is not quite ready to draw a green arrow, but soon and it shows just how strong the pull back was this time.


What Works N…

February 2, 2014 – Weekend Market Comment

February 2, 2014 – This week the pundits of Wall Street went from raging bulls to gloomy pessimism. Of particular interest were two comments on CNBC and some interesting observations by the high priest of technical analysis John Murphy.

First there is Art Cashin’s observation;
Bull markets have a maximum shelf life of five years, and Wall Street may soon approach the end of this one. It's a little bit of catch-up for 2013, We've gone for an awfully long time without a correction. Bull markets tend to have a maximum life of five years. We're getting awfully close to that. Heightened concerns over emerging market currencies and liquidity flows have made for a jittery Friday on Wall Street, as the Dow dropped 231 points during the morning trading session before halving its losses. If the S&P 500 drops below 1,770 the markets could see a wave of secondary selling. The S&P has held above that level and had regained some traction by noon. The key thing you should take aw…