Yesterday, the market continued its winning ways for the fifth consecutive day.  The S&P 500 closed within 1% of its all-time high, and the DJI was even closer to its all-time high.  Healthcare, Energy and Technology led the sectors while Financials, Telecom, and Utilities finished slightly in the red.  All three sectors in the red are typically flight-to-safety stocks, so despite lower than average volume, the market appears poised to make new highs. Read more about What the Market Wants: Market Poised to Head Higher: 3 Stocks to Consider

walter / Tag: VLO, NXPI, KS / 0 Comments

Last week’s market performance was nasty again, especially for the Small-cap Growth style/cap, down 4%.  Large-caps faired the best, losing only 2.7%.  That’s ugly and today’s market seemed likely to be uglier today with escalating tensions over the weekend in Ukraine.  Read more about What the Market Wants: Positive News and Stocks at Bargain Prices

david / Tag: SWKS, JAZZ, EMES, C / 0 Comments

What can we say after yet another sharp sell-off?  Since last Friday’s open, the S&P 500 has fallen nearly 3%, the Nasdaq has fallen more than 4.3% and the Russell 2000 has fallen more than 3%. Read more about What the Market Wants: Market Conundrum

david / Tag: VLO, AAL, NXPI, VIX / 0 Comments

Today’s market was strong with lots of volume to open the week and close the quarter.  The strongest index of the day was the Russell 2000, up 1.8%, followed by the S&P 500, up 0.8%, and the NASDAQ, up 0.7%.  NYSE volume was a strong 810 million.  The S&P 500 squeaked out a narrow 0.7% gain for the month, which is better than the NASDAQ’s 2.5% drop and the Russell 2000’s 1% drop.  The biotechnology ETF, IBB, delivered an exceptionally strong perfo Read more about What the Market Wants: Where are Valuations Now?

david / Tag: IBB, ALK, JAZZ, MRVL / 0 Comments

Today was another surprise Monday.  Short sellers who thought a rough weekend in Ukraine might stir up the war drums again were wrong.  In addition, China took several steps to boost its economy, and the domestic economic reports were fairly positive.  As a result, the shorts capitulated at the opening and risk was on.  The day ended led by the DJI (every stock was positive!), up more than 1%, with the S&P 500 up nearly 1% and the NASDAQ up about 0.8% Read more about What the Market Wants: Risk On? 3 Growth Stocks at Bargain Prices

david / Tag: FIG, URI, MPC / 0 Comments

Today was the beginning of “spring break” for the market.  At least it seemed that way with a very low trading volume of only 600M shares on the NYSE.  Either the college crowd does more trading than we imagined or parents are taking the week off as well. Read more about What the Market Wants: Market on Spring Break

david / Tag: VLO, HII, SWKS / 0 Comments

Today brought three better than expected economic releases from Construction Spending, ISM Manufacturing, and Personal Income. The ISM figure was quite unexpected and Personal Income was well above expectations.  If we ignore for a moment that the Final GDP reading for Q4 was lowered on Friday (which may or may not have been primarily caused by severe weather), we have had a week of better than expected economic numbers. Read more about What the Market Wants: War Drums Trump Solid Economic Numbers

david / Tag: ARRS, BX, DAL / 0 Comments

The market's major equity indices were all up a little more than 0.6% yesterday, which was off mid-day highs, but positive because the market shrugged off poor economic news from China. Today, the market stayed relatively even, with the S&P 500 ending down slightly by -0.13%. Read more about What the Market Wants: Market Hits New High, Three Stocks to Consider

david / Tag: NXPI, ACT, VLO / 0 Comments

Monday’s market was marginal through most of the day, but all major indices ended the day in positive territory, led by the Nasdaq.  It was the market’s third positive close in a row and the fourth in the last five days. The S&P 500 ended the day at 1799.84, less than 3% from its all-time closing high of 1844.46.  It is now nearly 60 points above its recent low on February 3 (about a 6% drop from its high).  Read more about What the Market Wants: A Slow but Likely Positive Week Ahead

david / Tag: NQ, ALK, SAIA / 0 Comments

Today, the market continued its tortuous path of the last two weeks, falling sharply virtually the entire day with the DJI ending down 326 points, the S&P 500 down 2.3% (it’s worst day since June 20, 2013), and the NASDAQ down 2.6%.  We are now down about 6% from the S&P 500’s high on January 15.  A drop of 10% is generally thought of as correction, so we have another 4% or so to fall.  Read more about What the Market Wants:Things Aren’t as Bad as They Look, Yet

david / Tag: AFSI, TPRE, LAD / 0 Comments

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