Stock Market Commentary: Stocks fell on Monday as concerns regarding the global economy resurfaced. Oil prices slid over 3% after jumping 9% last week. Meanwhile, Natural Gas prices vaulted nearly 10% on Monday as a cold weather is expected to hit most of the country. The fact that energy prices are trading like penny stocks (huge…
Source: http://www.dailymail.co.uk/news/article-3375975/NYC-fit-micro-apartments-housing-picture.html
We would love to give you some massive changes in market thought as we head into the last week of trading…but in bad English…we ain’t got none! All that happened last week in the 3 day romp back up was that the worst areas of the market, which were ridiculously oversold, has a good rally/bounce….
Stock Market Overview: As of this writing (6:15am), U.S. stock futures are down as we begin the final trading week of the year. Oil prices which jumped sharply last week are down again this morning and the media is suggesting that’s the reason our futures are down. Remember this is the last week of the year…
Stock Market Overview: As of this writing (6:05am), U.S. stock futures are relatively flat to slightly mixed as stocks pause to digest the week-long pre holiday bounce. Stocks are closing early on today (1pm EST) and will be closed on Friday for Christmas. Gary’s Thoughts: Why is the market even open today? Why even have a…
Stock Market Commentary: Stocks ended higher on Wednesday as investors digested a slew of economic data and the week-long pre-holiday rally continued. Durable goods orders were flat (unchanged) in November, beating estimates for a decline of -0.5%. U.S. personal income increased by 0.3% beating estimates for a gain of 0.2%. In the 12 months through November, the…
This may sound crazy but we are always looking for a reason to be bullish. Our bullish or bearish stance comes from reading the tape, its patterns, its fear and greed. We are always looking for changes. We are looking for when the worst areas bottom and the best areas to top. But we need…
Stock Market Overview: As of this writing (6:25am), U.S. stock futures are up nicely for the 3rd day in a row. Stocks are closing early on Thursday (1pm EST) and will be closed on Friday for Christmas. On the earnings front, Nike ($NKE) reported numbers after Tuesday’s close and is up about 3% in the pre…
Stock Market Commentary: Stocks ended higher on Tuesday after the government said Q3 GDP rose by 2%, topping estimates for 1.9%. In other economic news, the National Association of Realtors said existing home sales plunged -10.5% in November to an annualized rate of 4.760 million. This greatly missed the Street’s estimate for 5.32 million. Elsewhere, energy…
Stock Market Overview: As of this writing (7:45 am)U.S. stock futures are up nominally as investors await the final reading on Q3 GDP which is expected to increase by 1.9% (released at 8:30 am). Nike (NKE) will report earnings after the bell. Otherwise, the economic calendar remains relatively light during this shortened holiday week. In observance of the Christmas…
