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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A Survivor’s Guide To Market Corrections
The severity of the fall stock market decline has shaken the belief of some investors in the bull market. For those who have not been following the stock market for more than a few years, their reaction is understandable. But those with a longer-term perspective are wondering what the recent decline means for their portfolio. Many…
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Early October Warning Signs
Stocks closed strong in September but the market started to show signs of weakness on the first trading day of October. Market Update October 2, 2018: The major averages opened sharply higher on Monday October 1st as the A/D ratio on the NYSE was better than 2-1 positive. However, as the day progressed the major…
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Stocks Blast Higher – Sept. 20th
Stocks Surge Higher With New A/D Buy Signals It was a powerful day for the stock market as the gains were solid across all the key sectors as Tom discusses in tonight's video. [embed]https://youtu.be/dy-iUvIv_ts[/embed] We have just completed the first series of one on one courses and have now opened registration for the October session. These courses…
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