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Good Evening, It’s seems like a month has passed instead of just a week since the last blog. That just illustrates how fast the market is shifting these days. Today there was a change in leadership as the Dow and S&P 500 rallied. Throughout the pandemic stocks have pretty well fallen into two groups. Those that I have named stay at home stocks and those that I have named recovery stocks. Stay at home stocks are mostly but not entirely ...

Good Evening, I have the feeling that I have become redundant. It’s hard not to when the market does the same thing over and over again. Rinse and repeat! Recently on more than one occasion we discussed how various Covid 19 related news topics would cause the market to swing one way and then the other. We talked about the fact that we are stuck in a trading range on the S&P 500 between 2910 and 2630 and would likely ...

Good Evening, I’m pretty sure the sky is falling…..Seriously folks, we talked about this. I believe in last weeks blog. Go check it our because it still applies in triplicate this week! Today the market tanked in the afternoon session after investors (or should I call them day traders) panicked after Dr. Anthony Fauci testified before congress that there could be outbreaks that might not be controllable if restrictions are eased too rapidly. Really? Is there anybody reading this blog ...

Good Evening, Stocks rose again today on optimism from several states starting to open up their economies. The market was also buoyed by another day of rising oil prices on positive sentiments by investors that drivers in several states that are reopening their economies will take to the roads in a big way. I must add that I share that sentiment!  This week started off on  positive note after some selling late last week which leaves us in an established ...

Good Evening, The major indices all finished down. The S&P 500 and C Fund were down. Bad day for the market right?? Wait just a minute. Not everything is what it seems. Healthcare and Technology stocks that have been leading the recent rally where down today, but the other sectors where up. I call that a redistribution day. Investors where buying value and the money had to come from somewhere. Stocks like banks, energy, and industrial stocks were up. So ...

Good Evening, I’ve received more than a few E-Mails asking if anything has changed in the charts. It seems that I always get them when the market has a few bad days and the last two sessions definitely qualify! The market sold off hard today after oil contract futures dropped to zero. That’s right you didn’t read it wrong. I wrote Zero!!! Why??? Because we are nearly out of storage. Those that buy oil bought as much cheap oil as ...

Good Evening, First and foremost I want to give praise to our God that never lets us down. Even in a pandemic! My prayers continue to go out to each and everyone of you that God will protect your health just as He has protected your accounts from Corona Virus also known as COVID 19. The market rose again today on positive sentiment that cases of corona virus in epicenters in the US may be starting to peek. It was ...

Good Evening, Wouldn’t it be nice if a market that sold off just found the bottom one day and starting moving straight back up? That would be nice for sure, but that’s not the way that it usually works. I understand that we’ve experienced many V Shaped recoveries over the past ten years and that’s exactly what I just described. Straight back up. However, those recoveries occurred during small dips or corrections, not during a bear market. This is the ...