Market Update: Futures are lower ahead of Wednesday’s open as investors pause to digest Monday’s strong rally and Tuesday’s steep decline. Lots of areas of the market are beginning to roll over and any further selling will signal real trouble for the market. Gary’s Thoughts: Nothing thrilling to talk about this morning and now another retailer (Target)…
Stocks ended lower on Tuesday as investors continue to digest the latest round of economic and earnings data. On the economic front, the consumer price index (CPI) rose to 0.4%, beating estimates for 0.3%. That was the highest increase since 2013 and was the first real sign that inflation may be increasing. If inflation accelerates from here, that may…
Stocks rallied nicely on Monday as investors showed up and defended key levels of support (50 DMA line) for the Dow Jones Industrial Average, the S&P 500 and several other important sectors. Overnight, China said industrial production, retail sales and investment data all missed estimates. China also said that measures of money creation and credit growth…
Market Update: Futures are lower ahead of Tuesday’s open as investors pause to digest Monday’s strong rally. Lots of areas of the market were beginning to roll over last week so yesterday was an important day for the bulls to defend support. Gary’s Thoughts: Watch the 50 day on the Dow and S&P. Watch them financials…
First…the Trumpster. We will say it again…and will report why in a future report…but unless it is found out Donald Trump is a member of Isis, like it or not, get used to “President Trump” for the next few years. And every time another celebrity says they are moving out of the U.S. is Trump…
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,…
