It was an ugly day and week on Wall Street. Stocks fell hard on Friday and several important areas of the market broke below important levels of support. Before Friday’s open, the government said Retail Sales rose by 1.3%, which was the highest jump since March 2015. Meanwhile, in the real-world, retail stocks are getting…
Thursday was another volatile day on Wall Street as the bulls showed up and defended the 50 DMA line for the Dow Jones Industrial Average and the benchmark S&P 500. The action beneath the surface remains sloppy at best. Shortly after the open, we saw several important areas of the market break below support before…
As you know, we have been bearish on Apple stock since last July when it gapped down off of a decelerating earning’s report. We were going to write you another report but we think the report we sent out several week’s ago says it all. Currently, Apple stock is breaking new yearly lows that only…
Stocks fell hard on Wednesday, erasing most of Tuesday’s gains after the latest round of tepid earnings data was released. Stocks fell hard after shares of: Disney ($D), Macys ($M), Fossil ($FOSL) and Wendys ($WEN) gapped down after reporting lousy earnings. The weak action dragged a slew of retail and restaurant stocks even lower which…
Stock Market Overview: Futures are higher ahead of Thursday’s open as investors digest another volatile week on Wall Street. Stocks were quiet on Monday but rallied hard on Tuesday only to fall hard on Wednesday. The bulls are doing their best to defend the all-important 50 DMA line. Gary’s Thoughts: After 200 up and 200 down,…
We were sent the following study on smart phones. We disagree. We think it is much worse. Have you been in an elevator recently? Almost everyone is looking down at their phones or texting. Just check out the drivers on your highways. We have actually taken the time to check out other cars. We cannot…
Stock Market Overview: Futures are lower ahead of Wednesday’s open after the bulls showed up over the past few days and defended the all-important 50 DMA line… for now. Gary’s Thoughts: The government crushed Office Depot and Staples’ shareholders as they are worried about a monopoly in office supplies. Really? That office supply business would be a…
Random thoughts: If things were turned around and it was Bernie Sanders that had all the super delegates but in recent weeks, Hillary Clinton was winning a ton of states, what do you think the media would be saying about the process in the Democratic primary? Rigged? Unfair? Skewed? Maybe we are nuts. Just seems…
Stocks rallied nicely on Tuesday after the bulls showed up and defended the 50 DMA line for many important areas of the market including the benchmark S&P 500 and Dow Jones Industrial Average. Overnight, stocks rallied after Japan said it will intervene in the currency market if the “one-sided” yen continues to rally. Japan’s Finance…
Stock Market Overview: Futures are higher ahead of Tuesday’s open as bulls try their best to defend the 50 DMA line. Gary’s Thoughts: Market (especially financials) in that area that needs to hold. Suspect it holds for now. Easy money continues! Economic Data: NFIB Small Business Optimism Index 6:00 AM ET Redbook 8:55 AM ET JOLTS 10:00 AM ET…
