Every correction starts with a down day, but of course, not every down day is the beginning of a correction. So just how important was today’s market retreat?
On the surface the today’s action seems rather benign, but there are …
The market closing numbers for Monday represent even more diversion than they did last Friday. Most of the salient sectors and groups that drive the economy closed weaker. The financials, semiconductors, transportation, real estate and oil and energy sectors all …
Although the market closed up and on new highs, the salient sectors and groups that drive the economy closed weaker making this recent move very difficult to fall in love with. For example, the financials,semiconductors, transportation, real estate, oil and …
Interest rates and the US dollar rose while the market went out on new highs. We can debate and speculate all day long on the Fed policy and how much the market cares or does not care about it. Better …
In New Mexico, if you tell the waiter you would like Christmas with your breakfast burrito, it means you want both red and green chile. If today didn’t wreak so much havoc, with the red and green radar screen we …
Although there is lots of super important data about to come out this week-the second-quarter GDP, results of the Federal Reserve’s 2-day policy meeting, jobless claims in the private sector, more earnings reports, etc., I once again retreat to the …
I’m not so sure I would let a low volume, only slightly down session lull you if you are a committed bull into complacency after Monday’s session as there was some substantial deterioration if you look under the hood. First, …
If there were ever a time to throw in the towel, it sure looked that way last Friday. But, the phase, bulls, overall good earnings reports, lack of volume on the downside-maybe all of the above, wouldn’t hear of it! …
If you are an active trader and managed to stay awake during today’s session, you got to see retail, oil and gas, biotechnology and gold make a comeback. You saw homebuilders continue to drop, the dollar get crushed while semiconductors …
Thus far, this earnings season which has yielded some extraordinary surprises-especially in Wednesday’s post market session-Facebook, Trip Advisor and Baidu to name a few. Actually, when it comes to the world ofsocial media, those huge gains really do not come …