Category Archives: Market Commentary

Surfing The Stimulus Wave; Who Is That Elephant In The Room?

[Chart courtesy of MarketWatch.com] Moving the markets Looking at today’s news headlines, you would think we’re back to last year’s theme of “bad news is good news” for the markets. Here’s a sample of what we faced today: More Than … Continue reading

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A Tug Of War: Fiscal Stimulus Plan Vs. Corona Virus Fears

[Chart courtesy of MarketWatch.com] Moving the markets Another strong rally lost half of its early gains late in the session, as the upbeat mood waned with some chart watchers confirming what I said yesterday, namely that big rebounds are not … Continue reading

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Hope For A Fiscal Rescue Package Rescues Equities

[Chart courtesy of MarketWatch.com] Moving the markets The markets finally managed a solid comeback by using nothing but hope for a $2.5 trillion stimulus package as a springboard with the Dow scoring its best percentage gain (11%+) since 1933. However, … Continue reading

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Tumbling Into A New Week

[Chart courtesy of MarketWatch.com] Moving the markets Despite the Fed saying that “aggressive action is needed” and subsequently proved it by introducing unlimited QE via purchases of $125 billion in securities every day, the markets managed to swing wildly but … Continue reading

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Limping Higher

[Chart courtesy of MarketWatch.com] Moving the markets Last night, the futures fluctuated wildly with that theme continuing throughout today’s trading day with the major indexes swinging around their respective moving averages. It appears that traders tried to figure out the … Continue reading

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Equities Get Crushed—Dow Loses The 20,000 Level

[Chart courtesy of MarketWatch.com] Moving the markets So much for yesterday’s rebound of “hope,” which got annihilated, as the major indexes took another step down. At one point, the Dow even lost its 19k level, while the S&P dropped below … Continue reading

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