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Good Evening, I’ve talked my friend and fellow government servant Wayne K. Chung into giving us his spin on the market again this week. I don’t know if you all followed up on the last analysis he gave us but it turned out to be petty good. I particularly liked his use of a variety of indicators some of which give you a little different perspective of the market than mine. Wayne introduced himself a few weeks back when he ...

Good Evening, The market continues to ebb and flow on five core issues. #1. The pandemic (new cases and deaths from Covid-19, reports on a vaccine) #2. The ongoing recovery from the economic shutdown as reflected through corporate and economic reports.  #3 Stimulus efforts by the Government and the Federal reserve to support the economy. #3 Ongoing tensions with China over their handling of the Corona Virus outbreak as well as trade #4 Ongoing protests related to the Black Lives ...

Good Evening, The market continues to shift between to so called stay at home stocks and recovery stocks. Today the emphasis was on the recovery stocks as investors are keeping a close eye on congress in anticipation of another round of stimulus as current long term unemployment benefits approved in the last stimulus bill are due to run out in two weeks. Financial, industrial and energy stocks made the biggest gains in the S&P 500 and Dow. A drop in tech ...

Good Evening, The market continues to be Corona news driven and today’s trading was a prime example. The market rose in the morning session led by mega cap tech stocks only to reverse and finish well within the red by the closing bell. Stocks rose in the morning on the news that Pfizer and German biotech BioNTech SE were granted fast track designation by the FDA for two of the companies’ four vaccine candidates against the coronavirus. They then quickly reversed in ...

Good Evening, The market continued to rally this morning. It looked like the major indices would have their 6th straight day of gains. However, it was not to be as stocks headed south in the afternoon session finishing well in the red. It was pretty much the same old reason the market has been volatile in recent months, concern over a growing number of Covid 19 cases. We’ve talked about how the volatility will continue. So the selling should come ...

Good Evening, I have a special treat for you this evening. I will start by saying that we have a lot of talented and well educated folks among our group. Some of these folks are way way beyond me when it comes to the field of mathematics and what is Technical Analysis but mathematics and statistics? I have definitely met some folks that humble me when answering their questions. The following gentleman is one that I have corresponded with for ...

Good Evening, I’ve got great news for all of you. Yes the market went up today but that’s not it! Well not all of it…. We were finally able to get our E Mail situation corrected and will be sending out a test E-Mail to all of you that are signed up soon. After that we will be able to send out E Mail alerts again in addition to the push notifications that you receive on your smart phones. I ...

Good Evening, It was so many blogs ago when we discussed future action like we had today that I can’t even remember for sure when it was. I would have to look in the archives to find that. You can do so if you want….My point by saying this is not that I called it. It was as plain as the nose on the end of your face. We all knew it was going to happen. You certainly didn’t need ...

Good Evening, We’ve always said don’t fight the Fed referring to the Federal Reserve. However, don’t fight the Fed has taken on a new meaning with the current administration. The Trump administration views the market as a report card and they intend to keep it moving in a positive direction no matter what it takes. Like them or not, they are pro market! In several recent blogs we discussed how certain news which especially includes COVID 19 news would instill ...

Good Evening, I will try to keep in brief. Things have been hectic around here and it is now pretty late. The market took a day off today. It’s pretty news driven these days. That is to say Corona Virus and Economic news driven. Today there were some conflicting reports released that left the market confused and if there is one thing the market dislikes it is uncertainty. The World Health Organization reported that Asymptomatic spread of COVID 19 is ...