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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Viper ETF Report – Feb. 4, 2019
To open pdf, click the link below. ViperETF2-4-19
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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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Can You Bank On A Stock Market Bottom?
December 30, 2018: Prior to last week’s action many of the technical and sentiment measures that I follow had reached extreme levels not seen in the past ten years. One such measure uses the NYSE Advance-Decline data. The chart from last week (Will There Be A Not Going Out Of Business Rally) showed that the…
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The Week Ahead: No Rally, But No Fear?
Dec, 9, 2018: The stock market opened last Monday with lots of promise. The Spyder Trust (SPY) opened at $280.28, which was 1.7% above Friday’s close at $275.65. It peaked in the first 30 minutes to close the day at $279.30. Stocks opened a bit lower on Tuesday, but then President Trump tweeted “I am a Tariff…
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