Stock Market Commentary: Stocks vacillated between positive and negative territory all morning but closed higher as the market tried to bounce after last week’s steep decline. Oil prices opened lower but turned higher as this market tries to bounce from deeply oversold levels. The benchmark S&P 500 also turned higher after briefly falling below the psychologically important level…
We continue to believe we are in the process of a big topping out process of the central banks- induced bull market that started in 09. We believe once again that central banks have created bubbles all over the place and that ultimately there will be heck to pay. We just don’t know when heck shows…
“The Sea Was Angry That Day, My Friends” Like An Old Man Trying To Send Back Soup At A Deli” -George Costanza- By Gary Kaltbaum-December 13,[email protected] Fox News Business Contributor We wrote a lot of this report in mid-September but updated it to today. It all remains appropriate as we are now seeing some of the…
Stock Market Overview: U.S. stock futures are relatively quiet this morning which is normal after last week’s steep sell-off. Stocks fell hard last week with 75% of the market in poor shape and only 25% in good shape. Market pundits are waiting to see what will happen on Wednesday with the Fed meeting and post meeting press…
Stock Market Commentary: Stocks fell hard last week and especially on Friday. Oil prices plunged to the lowest level since 2008. The major indices broke below key support areas at their respective 50 day moving averages. This only adds to the recent misery in most of the market sectors. We will have a full report for you this weekend which will…
Stock Market Overview: Stocks futures are down sharply ahead of the latest round of economic data. Stocks have been under pressure all week and the sellers remain in control. Today is the last trading day of the week and it will be important to see where the market closes. Oil prices fell to the lowest level…
We will have our award winning, in-depth weekend report for you on Sunday, but in the meantime: This is the place the major indices need to hold as the Dow, S&P and NASDAQ were defended at the 50 day average. The issue is that markets were much higher early in the day. Many growth leaders…
Stock Market Overview: Stock futures are up mildly as investors digest Monday-Wednesday’s steep selloff. Oil prices and other commodities remain under severe pressure and remain in focus. The Federal Reserve is scheduled to meet next Wednesday and investors believe they will raise rates by a quarter point. The Fed has been telling us they are…
Here is the good news! On a near-term basis, markets are extremely oversold so bounces could be in order. Not sure there is much more in the way of good news because: The DOW was up 200 Wednesday and gave it all back and more. Leading the DOW up early was the worst ares as…
Many of the areas that have been hit hard past couple of days are near-term oversold so suspect some bouncing soon but the big picture has not change. In fact, the diverging narrowness (not sure what that means) worsens. While the Dow was down over 160, while commodities got whipped again…while advance/declines were again horrid…while…
