Category Archives: Daily Market Commentary

Tweet STOCK MARKET COMMENTARY: FRIDAY, JUNE 14, 2013 For the second straight week the bulls defend three important areas of support for the major averages: 50 DMA line, 6-month upward trendline, & April’s high. So far, every pullback this year continues to be very shallow in both size (% decline)...

Tweet STOCK MARKET COMMENTARY: Friday, June 07, 2013 The benchmark S&P 500 (SPX) experienced another shallow pullback in both size (-5.3%) and scope (only 2 weeks) as the bulls defended three important areas of support (50 DMA line, 6-month upward trendline, & April’s high) last week. So far, every pullback...

Tweet Stock Market Commentary: Friday, May 31, 2013 The major averages enjoyed their first monthly gain in May since 2009 and their first Jan-May winning streak since the 90′s as the Fed continues flood the system with liquidity. Stocks negatively reversed on Wednesday, May 22, 2013 after the Fed hinted...

Tweet STOCK MARKET COMMENTARY: FRIDAY, MAY 17, 2013 Stocks hit another record high last week as this Central Bank driven rally continues apace. We changed the status from rally under pressure to confirmed rally in our Tuesday 4/23/13 mid-week update and noted that the bulls are back in control of...

Tweet Stock Market Commentary: Friday, May 3, 2013 We changed the status from rally under pressure to confirmed rally in our Tuesday 4/23/13 update and noted that the bulls are back in control of this market. So far, every pullback this year has been very small in both size (%...