The stock market continued to chug higher last week, powered by good earnings from a number of big banks on Friday and the release of March's FOMC minutes, which were uncontroversial. There might be disappointing earnings that will cause the market to pause in the next few weeks, but overall, I think the earnings season…
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Tom’s Intensive Advance/Decline Course
Get a Competitive Edge with Tom Aspray's One-on-One Training The Viper Report is excited to offer Tom Aspray's individualized training in Advance/Decline line methodology. If you are one of the five million people that have followed Tom's recommendations or have read his articles in Forbes.com you know that throughout this bull market, when Wall Street…
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The Week Ahead: Hope Not For 1998
The stock market held firm last week, even though some of the economic data was weaker than expected. The final reading for 2018's Q4 GDP came in, as expected at 2.2% on Thursday. While the Trump administration is looking for a 3% GDP in 2019, the growth is not currently that strong. For example, the Atlanta…
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Catch The Trend With Monthly Charts
The 7.9% gain in for the S&P 500 in January snagged the headlines last week, especially after the 10.2% decline in December. It was the best January since 1987, when the S&P 500 was up 13.2%. After the strong January in 1987, the S&P was higher for six of the next seven months, peaking in…
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Charts for the Week Ahead
The strong stock market gains a week ago set the stage for the market’s resilient performance last week. After the long weekend, stocks opened under pressure on Tuesday, which I had predicted based on the previous week’s excess bullishness. The S&P 500 was down almost 2% on Tuesday, but closed well above the lows. It continued to…
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The Week Ahead: Should Traders Ignore The Wall Of Worry?
The stock market shrugged off both political and economic concerns last week to close with solid gains for the fourth week in a row. The beaten-down financial sector led the market higher providing clear evidence that my earnings concerns over the sector last week were clearly misplaced. The bank earnings were mixed, but even those…
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