September 8, 2020 | Daily JAM, Morning Briefing, Short Term |
Traders who bought on the dip at the end of last week were a bit early, the market is saying today. As of noon New York time, the Standard & Poor's 500 was down 1.91%; the Dow Jones Industrial Average was off 1.56%, and the NASDAQ Composite was lower by a whopping...
September 2, 2020 | Daily JAM |
On September 1 Â I argued that "Now there are two Puts supporting the market as the Vaccine Put joins the Powell Put." Those two bets--that the Federal Reserve will continue to flood the financial markets with cash and will increase the flow if the markets start to...
May 21, 2019 | Daily JAM, Short Term |
Here's one set of ETFs I'm watching right now for signs that the market is headed for a breakdown--and reassurance that it's just trapped in one of those rotation things. On Monday, May 20, the Technology Select Sector SPDR ETF (XLK) fell like a stone, dropping 1.74%...
January 10, 2019 | Daily JAM, Mid Term |
I find myself watching the 2600 level on the Standard & Poor's 500 index with great intensity. Why? Because a break above that level versus a break below that level quite likely will mark the difference between a correction and a Bear market. And that difference...
November 20, 2018 | Daily JAM, Volatility |
If you own any of the big technology stocks that led the U.S. higher in the first eight months of 2018, the losses over the last six weeks sure make this feel like a bear market. Remember that the classical definition of a bear market is a drop from the high of 20% or...
November 19, 2018 | Daily JAM, Morning Briefing |
Today Apple (AAPL) fell 3.96%. Facebook (FB) was down 5.72%. Amazon (AMZN) lost 5.09%. Netflix (NFLX) tumbled 5.45%. The big technology stocks that led the market up to historic highs are leading this fall off on a combination of general market nervousness and...
November 5, 2018 | Daily JAM, Morning Briefing, Special Reports |
Scary market, huh? Completely unpredictable it seems, right? Up on Tuesday October 30 with the Standard & Poor's ahead 1.57% at the close and the technology-heavy NASDAQ Composite ahead 1.58%. Quite a turn about from the previous day when the S&P 500 finished...
November 3, 2018 | Daily JAM, Morning Briefing, Special Reports |
Scary market, huh? Completely unpredictable it seems, right? Up on Tuesday October 30 with the Standard & Poor's ahead 1.57% at the close and the technology-heavy NASDAQ Composite ahead 1.58%. Quite a turn about from the previous day when the S&P 500 finished...
October 31, 2018 | Daily JAM, Morning Briefing, Special Reports |
Scary market, huh? Completely unpredictable it seems, right? Up on Tuesday October 30 with the Standard & Poor's ahead 1.57% at the close and the technology-heavy NASDAQ Composite ahead 1.58%. Quite a turn about from the previous day when the S&P 500 finished...
October 30, 2018 | Daily JAM, Special Reports |
Scary market, huh? Completely unpredictable it seems, right? Up on Tuesday October 30 with the Standard & Poor's ahead 1.57% at the close and the technology-heavy NASDAQ Composite ahead 1.58%. Quite a turn about from the previous day when the S&P 500 finished...
October 30, 2018 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
Monday, October 29, started off with a technology-led rally. As of 10:04 a.m. New York time the Standard & Poor's 500 was up 1.81% and the technology-heavy NASDAQ Composite was higher by 1.75%. And then Bloomberg reported that the Trump administration was...
October 26, 2018 | Daily JAM, Short Term |
What's really remarkable is not that U.S. stocks are down again today, but that the U.S. market is hanging so tough. There's no sign of the kind of capitulation that usually marks the end of a downturn. In fact, there's very little sign of the kind of panic that...