The stock market indices moved higher in the morning and reached new rally highs but backed off sharply shortly thereafter. The rest of the day they bounced back and forth and vacillated in coil-type fashions, but were not able...
Read MoreThis morning the S&P 500 (SPX) popped to a new recovery high above the Jan peak, although it has traded lower since then. It is interesting to notice that while the SPX climbed into new high territory, the cash VIX did not...
Read MoreThe stock market indices ended on the plus side once again, but struggled in the morning. They opened lower, barely held support, then came on to retest the highs but couldn’t get through. They pulled back once again, then...
Read MoreThey tried to sell this puppy but it just wouldn’t sell. It would have been best to sell a few hundred points on the Dow, and we started in that direction today. but the force of this bull just wouldn’t allow for it....
Read MoreApart from the fundamentals that indicate the global economy, in general, and China and the U.S, in particular, might be showing signs of resurgence after over a year of “government stimulation,” the last 24 hours of...
Read MoreThe stock market indices ended higher on the session after a choppy day, but the morning was a strong follow-through to yesterday’s late snapback. The indices opened firm, ran strongly with the S&P 500 reaching its...
Read MoreWhat other expression fits this market but that. We gapped up this morning on a much better than expected employment report. Far less jobs lost than expected, even with the bad weather. This gave some decent futures a bigger...
Read MoreThe stock market indices closed the week on a very strong note as opening gaps, and big ones, blew the indices right out of their 3-day consolidations. A strong follow up rally ensued as the indices spiked sharply higher in the...
Read MoreBristol-Myers Squibb Company (BMY) continues to act extremely well technically. Below is what I wrote three weeks ago, with BMY at 24.61. The big picture analysis remains unchanged, and this week’s positive action —...
Read MoreSo yes, tomorrow is the big jobs report ahead of the open. It’s already out there that the numbers will likely be poor due to the weather headaches this country has been suffering with thus some bad news is baked in ahead...
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