Wall Street experienced another unusually calm week at this time of the year after what proved to be one of the least volatile months ever for stocks. The light activity is especially surprising in light of the busy economic calendar, the ongoing earnings season, the revealed GOP tax plan, and the announcement of the next…
State of the Stock Market Analysis for the Week Ending on November 5, 2017 (Week Ends with All 3 Major Indices at All Time Highs 11-5-17) It was quite a week on Wall Street as all three of the major indices hit all-time highs against the backdrop of strong earnings and solid economic news. Apple…
This old adage has been used on Wall Street for years… “Like shooting fish (or ducks) in a barrel” has been used to describe those things that are easy or “sure things” – which makes the fact that it’s become part of the Street’s jargon laughable. Why? Because there’s no such thing…
Wall Street had a mixed week after the recent march to all-time highs, as stocks turned slightly lower in the next round of the inner battle in the Republican Party before upbeat earnings reports saved the day. While not everything is rosy regarding 3rd quarter numbers, the most watched companies reported better-than-expected numbers, with the…
State of the Stock Market Analysis for the Week Ending on October 29, 2017 (Strong Week for Tech Companies 10-29-17) What a week it was for both new and old tech companies! Amazon (AMZN) posted strong earnings Thursday after the close, which set the stage for the Nasdaq’s 2.2% gain in Friday’s action that pushed…
Do you remember Blockbuster Video? My teen and young adult years were filled with seemingly nightly trips to our local Blockbuster Store to rent a few movies and grab a pizza or some burgers on our way back home. The people that worked at the store were more friends than the random accouterments that employees…
The mighty bull market hit another historic mark last week, as the Dow crossed the 23,000 level for the first time, and never looked back. IBM’s sizable earnings beat helped the rally in the mega-cap index the most, but the positive surprise by Johnson & Johnson (JNJ) also boosted the benchmark. All of the major…
State of the Stock Market Analysis for the Week Ending on October 22, 2017 (Record Highs 30 Years After Black Monday Crash 10-22-17) What a difference 30 years makes! We had the 30-year anniversary of the Black Monday Crash of 1987, and amazingly enough, we had record highs in the major indices this week that…
Have you ever read the book The Da Vinci Code? If not, maybe you’ve seen the movie. Either way, it’s a fascinating story in which the characters have to solve puzzles and riddles in order to move closer and closer to the truth. The code was always there to be solved – it…
The stock market basically froze last week, with the major indices trading in an extremely narrow range throughout the period. The near-record low volatility isn’t a bearish sign, especially after the healthy rally during the past few weeks. The overbought readings that the Gorilla observed previously are less obvious after the sideways drift, which could…
