Posted on June 2nd, 2021
There is no denying the overhead resistance in the equities markets, specifically for the S&P 500 is holding firm right now. Until we see a price move where prices take out the overhead resistance on meaningful volume it could continue sideways. One either cuts their option trading activity until a more recognizable directional move happens […]
Posted on May 26th, 2021
Happy 125th birthday, Dow Jones Industrial Average! Here is a list of the original Dow Jones Industrial Average companies which started in 1896, (none of which are in the Dow – or exist – any more). American Cotton Oil, American Sugar, American Tobacco, Chicago Gas, Distilling & Cattle Feeding, General Electric, Laclede Gas, National Lead, […]
Posted on May 19th, 2021
TRANSITORY. Definition: Temporary, Not Permanent That is the word heard most of the time when the Fed talks about inflation. Or the word used by people recapping what the Fed has to say about the prospects of inflation. For now, it seems the central bank is going to keep monetary policy accommodative due to the […]
Posted on May 12th, 2021
The NASDAQ peaked out weeks prior and the strength in the Dow kept the S&P500 from rolling over sooner than it did and now the Dow has topped out (for now?) and had its worst day of trade since January of this year. This now calls out the questions of ‘what to do now?’ Start […]
Posted on May 5th, 2021
Wishing you all a happy and safe Cinco de Mayo! The markets and their participants seemed to be in good spirits today as the Dow reached an intraday all-time high up around 200+ points. It closed lower than that peak, but the end result was yet another all-time high price on its close. The NASDAQ […]
Posted on April 28th, 2021
From the absolutely no surprise department: The Fed decided to leave short- term interest rates unchanged. Despite a growing economy and inflation concerns the Fed said they will continue their bond purchasing and plan on using their full range of tools to keep things as they are on their end. Sounds good to me and […]
Posted on April 21st, 2021
Here are a couple of charts on parts of the market that are important to keep an eye on even if they aren’t highlighted that often in the weekly newsletter. iShares Transportation Average ETF (IYT) — Transports iShares Russell 2000 ETF (IWM) — Small Caps A gauge on the strength and sustainability of the economy […]
Posted on April 14th, 2021
3-key things in the markets today. Coinbase was made available to purchase via a direct listing, rather than a traditional IPO today. Coinbase is the largest crypto platform in the U.S. and the fact it is now available for investing and / or trading is deemed a watershed moment. I don’t look at this as […]
Posted on April 7th, 2021
Headlines for market catalysts were scarce this morning and truthfully all day. The biggest news really was the release of JP Morgan Chase CEO Jamie Dimon’s annual letter. Here is a bit of what he had to say. “I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a […]
Posted on March 31st, 2021
Today was the last trading day of the first quarter and despite everything still NOT being back to normal in the US and the world, the Dow and S&P have fared pretty well. Equities in the NASDAQ haven’t done as well (2nd chart image below). It is ever so slightly up on the year, but […]
