Stock Market Commentary: Stocks fell on Monday as the market paused to digest last week’s big oversold bounce. Oil prices fell again which dragged a slew of energy stocks lower. Oil plunged more than 7% which is not an insignificant sum. Economic data was thin on Monday. The Dallas Fed January manufacturing index fell to…
“AFTER 2250 DOW POINTS, RELIEF!” January 25,2016 By Gary Kaltbaum garyk.com @GaryKaltbaum Fox News Business Contributor Not that anything we write about matters because this week is the 10th anniversary of Al Gore telling us that we had 10 years to save the planet. When will people learn about agendas and ulterior motives?. We…
Stock Market Overview: Stock futures are up nicely before Friday’s open. Stocks staged a big reversal on Wednesday and tried to rally on Thursday but finished mixed after China injected nearly $17B to stimulate markets and the European Central Bank hinted they would print more money, if needed. Gary has been telling you the market has…
Stock Market Commentary: Stocks tried to rally but closed mixed on Thursday after China injected nearly $17B into the system to boost markets and The European Central Bank hinted at more money printing. Markets across the globe are deeply oversold and way overdue to bounce. Oil prices jumped as well and are now trading above…
Early yesterday, we told you conditions were in place for a potential washout day. We can never predict one is going to occur but we certainly can know when one can possibly occur. These washouts come from massive pessimism showing up AFTER a huge drop. We had both! By the close, we got the washout as…
Stock Market Overview: Stock futures are down on flattish as we write this but have been all over the map throughout the night. This comes after Wednesday’s late day reversal to the upside. Overnight, China injected $16.7B to prop up markets. That was their largest injection in three years and the second one this month. Even…
Stock Market Commentary: At one point, the Dow fell 565 points on Wednesday before reversing around noon and rallying sharply into the close. Oil prices fell to $27/barrel, plunged over 6% and hit a fresh multi-decade low but also bounced and closed off their lows. Japan’s stock market officially entered bear market territory (decline >20% from…
WASHOUTS PART 2 By Gary Kaltbaum We know…we are writing again to you! We do not like micro-managing markets. Our interest lies more with the big picture. But earlier today, on purpose, we wrote to you about the potential for washouts. We explained what it is and what it means. It is early. Markets are…
“LOOKING FOR WASHOUTS!” We do not predict washouts. We have no idea when washouts occur. We just know that often, severe market drops end on a gargantuan washout day. When one occurs, one needs to react because washouts and bear market rallies are usually strong. A washout day does not end the bear market but often will end…
Last night on CNBC’s Mad Money, host Jim Cramer spent a good chunk of the program talking about Fibonacci levels in the stock market and how a seeming correct interpretation of them led market technician Carolyn Boroden, who goes by the handle “Fibonacci Queen,” to become bearish in July 2015, as reported by Yahoo Finance….
