The Dow Industrials were able to surpass the 23,000 level at the start of the second week of earnings season and the headlines around the country are touting the new highs. The strong earnings from Dow laggard International Business Machines (IBM) are likely to push the Dow even higher early Wednesday. A few weeks ago…Read more
About: Tom Aspray
Tom Aspray has been analyzing and advising institutions and investors on the financial markets since the early 1980’s. Tom has gained the respect of other leading technical analysts over the years even though he has avoided seeking the limelight.
Recent Posts by Tom Aspray
The stock market’s performance in September beat almost all expectations and October is off to a strong start with the S&P 500 showing a gain of 1.3% so far this month. Since 1950 the S&P 500 has been up 41 years and down 26 with an average return of 0.76%. [caption id="attachment_80439307" align="alignnone" width="960"] (Photo…Read more
The market’s strength since the September lows has caused some Wall Street analysts to raise their targets as investors seem to be encouraged over a possible tax plan and another good earnings season. Several firms like Morgan Stanley (MS) and JP Morgan Chase think the earnings forecasts are too low. FacTSet is looking for earnings growth of…Read more
As the major averages made further new highs this week the economic data continued to confirm that the economy is strong. The Friday’s job report was weaker than expected due to the hurricanes and stocks were a bit lower on Friday. It still was a good week for the major averages with the S&P 500,…Read more
It was another good week for stocks as the broad outline of a tax reform plan encouraged many on Wall Street that stocks could move even higher. This enthusiasm has spread to the high profile media traders as some were very excited about their new found bullishness. Individual Investors may have voted before the tax…Read more
The 8.7% slide in the stock of Apple, Inc. (AAPL) stock since its September 1st high of $164.94 has gotten the market’s attention and spurred much debate. Some are wondering whether the stock has made an important top while others have raised their upside targets. Many of the opinions are based on fundamentals like phone orders…Read more
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