09/15/2020

Good Evening, The market started the week by bouncing back from last weeks sell off led by the tech sector. While the broader market is participating to a somewhat greater extent it is still tech that is defining the direction that this market goes. I believe it has a lot to do with the fact that tech is just a larger part of things than it used to be. It is true that tech led one of the greatest rallies ...

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09/09/2020

Good Evening, Just a reminder to all those of you who are panicking because the market dropped over 5%. Actually 10% in the Nasdaq. It is normal for a healthy market to experience three or four dips and at least one correction of 10% or more in a year. Add to that the fact that September and October are the worst months of the year for the market coupled with the recent strong run in stocks and the sell off of ...

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09/07/2020 More analysis from Wayne!

Good Evening,

From a momentum perspective,  last weeks trading was just profit taking and panic selling induced by computer algorithms so they can position themselves for the next leg of upside that will surely come.  The economy is still in recovery mode. Granted, pullbacks are never fun, but they’re quite common. And typically, quite healthy.
 If you click on the charts they will become larger.

09/04/2020

Good Evening, So tech finally sold off and it took the broader market along for the ride. The writers who have to write came up with a reason. They say the valuations have gotten too high on tech stocks. I agree with that just a little bit, but only a little. Stocks like Apple (AAPL) and Nvidia (NVDA) have a lot of potential for growth and if you don’t think so check out the last few reports for each company. ...

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08/26/2020

Good Evening, Just when you though it couldn’t do it, the market marched higher to new records today. Stocks were looking a little weak in the morning session but received a shot in the arm when a report was released saying Durable Goods orders had increased beyond expectations. U.S. durable goods orders jumped by 11.2% in July, easily topping a 4.3% estimate. When you couple that with a blowout earnings report from mega tech firm Salesforce.com, declining Corona Virus cases, improving ...

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08/18/2020

Good Evening,Someone asked me to describe the current market to them. I had to think about it because it’s really unique. As of today we have been through the shortest bear market in history. More on that later… Our accounts have been back and forth and back and forth again, each time feeling like the market would move in that direction for the foreseeable future only to reverse and move the other way in a few days or a week. ...

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08/11/2020

Good Evening, The focus of the market today was again on the negotiations for a new stimulus package from congress or should I say lack of negotiations. The major indices were actually working on a nice close in the green until Mitch McConnell replied to a reporter asking about the negotiations that the there had been no communication between Democrats and Republicans today with regard to a new stimulus package. Stocks dropped when the statement was made with all three ...

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08/04/22

Good Evening, The ebb and flow continues and fortunately it has been mostly positive for the past two sessions. The market was focused on two issues today. Mostly, investors were watching stimulus negotiations between Democrats and Republicans on Capital Hill. Both sides report progress made but say they still a ways to go. Specifically, they agree on a $1,200.00 stimulus check to be mailed out but have been unable to agree on an amount for extended unemployment benefits. Secondly, investors ...

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