So, stocks did an about face. Futures, which had been up in the early morning hours, suddenly turned lower as we moved into the opening bell. What looked like a nice start to the final month of the year, turned negative fairly quickly. It turned even more negative when Trump “tweeted” out that he was [...]

Stocks surged to a one of largest monthly gains since June. Indexes ended the month higher by better than 3% for the Dow and S&P, while the Nasdaq rallied by 5.25% and the Russell added 5%. What is keen to note here is the performance by the Russell 2000, which is a US centric SMID [...]

Stocks rally to new highs (again) on the back of the weekend news as the shortened Thanksgiving week got underway… Rinse and repeat (this was the Monday opener). Good morning America, good afternoon Europe and good evening Asia. It’s a short week for US trading; closed Thursday all day and closed early on Friday. So [...]

Good morning America, good afternoon Europe, and Good evening Asia. It’s a short week for US trading…Closed Thursday all day and close early on Friday — so if anything is going to happen in the markets, expect it to happen today, tomorrow, or Wednesday… Now I say this because suddenly over the weekend, something interesting [...]

So it’s done. Charlie forces commissions to zero, forcing the others to match. It causes margins to compress, discount broker stocks to sell off, and then sneaks in and takes out TD Ameritrade for m…Continue →

RISK OFF! At least it was for a bit of the day. At 1:30 all of the indexes were bleeding, with the Dow off by 258 points, the S&P lower by 28 points, the Nasdaq down 100 points, and the Russell lower by 16 points. But by the end of the day, they all rallied [...]

Stocks once again made a run for new highs, only to find resistance at the 3125 level, a level I had identified weeks ago. (It was actually 3127, but really do 2 points really matter at this stage in the game?) As the day wore on the Dow and S&P struggled while the Nasdaq and [...]

So maybe it wasn’t so clarified… I mean on Friday, it appeared that we “were done.” Markets rallied to new highs and the Dow breached 28,000. Over the weekend, we were told that the US and China had “constructive” talks. That’s good and then yesterday morning the Chinese come out and said “not so fast, [...]

On Friday I wrote this paragraph at the end of my note: S&P remains stuck at 3100 but if we are closer to a deal than not, then look for the algos to try and push it higher and break this logjam. As noted a month ago, if you draw a trend line, resistance should [...]

Stocks marched in place, doing nothing once again… and I mean nothing. As investors continued to worry about the mixed economic data and a stalled trade deal, treasuries rallied a bit. Gold rose by $8 an oz to $1,473/oz, after having found that support at $1,450/oz that we discussed last week. Word that China wants [...]