The Fed blinked this week and stocks took off. Click below to get my thoughts and catch up on all the
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Trade EUphoria
This month has been one of chugging along on the low volume train to the upside with an arrival into earnings season. Earnings are good but the growth in earnings is abating. Some companies are blaming misses on trade tensions but the realty is that currency volatility and inflation are pressuring margins. Both are a […]
Bonds vs. Stocks
Almost a good week for the stock market. What looked to be a breakout mid-week, ended up being weak price action that confirmed a technical pattern that implies we are likely to test the lows again next week. Let’s take a closer look at the S&P 500 to see what is going on: Another […]
Breakout Failure
A good week for stocks until Friday afternoon where the DOW rolled over and pulled the other indices lower. In fact, the indices were in the midst of breaking out to the upside this week but failed in their effort and were pulled down to the 200 day line, again. What I would also like […]
Holding the Line
This past week has been very choppy, unpredictable and taxing to those who watch the tape. The good news is that we tested the 200 day for most of the week and it held with a good close on Thursday to end the first quarter of 2018. Wether we crash from here or re-gain our […]