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Financials Less Interesting After Big Pop
Reading Time: 3 minutesI’ve been getting a lot of e-mails and compliments since my post from Tuesday afternoon “Today Is The Bottom In The Financials” proved to be right on. So I thought it would be useful to update my outlook. Since then,…
Front Page WSJ: “Too Much Hope May Be Pinned On Rate Cut”
Reading Time: 1 minuteOn the front page of today’s The Wall Street Journal an article titled “Too Much Hope May Be Pinned On Rate Cut” (subscription required) nicely lays out the varying views towards the effectiveness Fed rate cuts tomorrow and in the…
Battle At The 200 DMA, WGO Earnings
Reading Time: 4 minutesThe S&P reclaimed its 200 DMA on Monday after comments from the Trump Administration over the weekend about reducing the scope of tariffs. However, yesterday it failed to hold it, closing 44 points below it. The 200 DMA is the…
“Global Boom” Stocks Lead Market Down Today
Reading Time: 4 minutesEveryday I try to discern the “message of the markets” by looking at the performance of the various sectors: financials, consumer staples, consumer discretionary, technology, energy, basic materials, industrials, health care and utilties. Checking up on the sectors today revealed…
The Technicals Are Bearish – Watch For The Break Below 1400
Reading Time: 2 minutesIf you look at a chart of the S&P for the last 6 months, the action is really bearish from a technical standpoint (S&P Downtrend Chart). We had a double top around 1560 (July 19, Oct 9). And now we’ve…
AAPL Earnings Could Break The Market
Reading Time: 3 minutesObviously the most important event on tap Thursday is Apple (AAPL) earnings after the close. While the stock is off more than 10% YTD, it is still quite overvalued given the lack of growth IMO. In his piece on AAPL…

