September 13, 2010 | Daily JAM, Short Term |
A torrent of positive news on Monday, September 13—faster growth forecast in Europe, a lax deadline for banks to meet capital requirements under Basel III, and better than expected manufacturing growth out of China—all pushed the market upward to open the week. And in my opinion increased the odds that stocks will continue to climb until they take out of the top of the range on the Standard & Poor’s 500 index at 1130. And that would be a very positive signal.
September 11, 2010 | Uncategorized |
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September 9, 2010 | Daily JAM |
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September 7, 2010 | Daily JAM, Videos |
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September 4, 2010 | Uncategorized |
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September 3, 2010 | Daily JAM, Morning Briefing, Short Term |
The breathtaking jump on September 1 and the continued positive market direction since then have taken the market up so far so fast that a little profit-taking would be only to be expected here.
September 1, 2010 | Daily JAM, Videos |
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August 28, 2010 | Uncategorized |
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August 20, 2010 | Daily JAM, Morning Briefing |
There’s just enough potentially negative economic news on the calendar for next week to make traders hesitate before putting much new money into any bounce or rally.
July 26, 2010 | Morning Briefing |
By gaining 23.58 points on Friday, the NASDAQ Composite closed above not just its 200-day moving average but also its July high of 2249.84.The next test is the June high at 2310. Then the current move has a chance to be more than just one of those 3-day bounces that have been so frustratingly frequent since April.
July 15, 2010 | Short Term |
On Wednesday July 14 stocks hit technical resistance and stalled. They stayed stuck there on Thursday June 15 despite big macro-economic news from China and good earnings news from JPMorgan Chase.
Log jams like this aren’t unusual but they always get resolved one way or the other. How will this one break?
July 12, 2010 | Morning Briefing |
The rally last week—a gain of 5.4% on the Standard & Poor’s 500 stock index—puts the stock market in a very interesting position as earnings season starts. (Alcoa ((AA) traditionally kicks off the week and the aluminum maker reported Monday July 12.)
