Market Notes: The indexes dipped slightly yesterday and futures are pointing towards a red open today. I’m not reading too much into the selling. Market’s have shown weakness on the final day of the year for the past two decades … It’s the final chance for any tax loss selling plus most institutional buyers have …
Happy New Year! Time for my 2022 Market Outlook I wanted to explain what I’m expecting in the new year. And tell you about a top resource I believe all traders should have. I often include notes in my daily newsletter about the historical averages. These trends are significant as history tends to repeat itself. …
Market Notes: Only two trading days left in the year, and the S&P 500 is trading near record-high levels. The media might want you to be scared of inflation and Omicron, but the market is showing no fear as it punches into the new year. Yesterday bonds slipped lower as the markets climbed. This is …
Watchlist: 12/30 The Year of No Fear: Goodbye 2021 Read More »
Market Notes: Omicron is raging across the country setting news cases totals even in highly vaccinated areas. However, this time the hospitalization and death rates are coming in much lower. This trend is putting wind in the sails of the bulls. As long as everything stays the same markets should continue to rise. Bitcoin is …
Watchlist: 12/29 Bitcoin’s Inflection Point & A Bull Flag Read More »
Market Notes: The “Santa Rally” is a seven-day period that started yesterday, in which the S&P 500’s average return is 1.3%. Yesterday the index surged 1.4% and closed at a new record high. Almost every indicator I’m seeing this morning is bullish. Lead news story: CDC reduces quarantine length recommendations All the major indexes closed …
Market Notes: Today is the last trading Monday of the year. After a three-day weekend, the market has exactly one week of trading to go in 2021. Historically the “Santa Rally” returns a cool 1.3% for the S&P 500 over the next seven trading days. After closing at a record high last Thursday, there is …
Watchlist: 12/27 It’s the End of the Year as We Know It Read More »
Market Notes: “The stockings were hungby the chimney with care,In hopes that St. Nicholas soon would be there….” Yesterday the markets continued their rally. There is nothing stopping the markets from continuing higher and closing strong into the end of the year. Today is the last trading day before the holiday. The first trading day …
Market Notes: “If Santa Claus should fail to call, Bears may come to Broad and Wall.”-Stock Trader’s Almanac Depending on who you ask the Santa Rally is already happening or about to start. Jim Cramer said it typically begins yesterday 12/21. Jeff Hirsch at the Stock Trader’s Almanac defines “the Santa Claus Rally as the …
Market Notes: Monday’s open was brutal. I was operating on no sleep and decided it best to sit the day out. I didn’t sell TNA. A close below $75 today will get me out. Today is a different story. Futures are jumping and markets are rebounding. Yesterday the “Build Back Better” bill, a huge portion …
Market Notes: Yesterday the SPY opened near record-high levels and if it had held those initial gains it would have closed at a new all-time high. But it did not. The market sold off giving up most of the previous day’s gains. The major indexes, the Dow, the Nasdaq, and the SPY are all holding …
