10-Year Treasury Note March-2016 Futures: Trading @ 125’310, the flight to safety is becoming passé as treasury notes resume their downtrend. Double bottom potential @ 125’100 if support holds. (6:23am PT) 30-Year Treasury Bond March-2016 Futures: Trading @ 154’05, the long bond is most responsive to the prospect of higher interest rates and therefore has made the […]
An Exhausted Market… It’s becoming harder to find a scapegoat for the market’s decline. Stocks have suffered four out of six losing sessions and three consecutive down days. There were no important economic data releases today. This market is falling due to its own exhaustion.
Commentary and Performance Today’s positive economic data out of the USA and Europe combined with central banks’ global coordination to “stimuflate” their economies gave stocks another boost. The SP-500 closed @ 2017.15 (+22.64 / +1.10%) and the Nasdaq-100 settled @ 4624.09 (+120.87 / +2.68%). Small caps continue to struggle with clearing key resistance levels despite […]
Commentary and Performance The major stock indexes clearly show a bias towards large caps as small-caps continue to lag the market in performance. The Russell-2000 closed @ 1162.31 (-0.46 / -0.04%) while the SP-500 finished the day @ 2033.11 (+9.25 / +0.46%) and the Nasdaq-100 @ 4438.62 (+20.40 / +0.46%).
Commentary Equities: The SP-500 and DJ-30 Industrials made new highs once again. Unfortunately, if you are a disciple of Dow Theory, the Transports closed down and are headed in the opposite direction while Utility stocks were up but continue to trade in a downtrend. The Nasdaq-100 finished in positive territory and looks ready to
Commentary Today’s comments will be very brief. As most investors are aware, the S&P 500 and Dow Jones Industrial Average both made new all-time highs, but on lower than average volume. Treasury bonds gave up all their gains from last Friday as a strenthening economy may confirm the inevitable hike in interest rates ahead. The U.S. […]
Commentary Equities: Although performance was not robust, stocks bounced off their lows and finished at the upper end of their weekly trading range. Weekly percent changes: SP-500 (SPY) +0.39%;
Commentary Equities: The SP-500 (SPY) and Nasdaq-100 (QQQ) are both testing key resistance levels and, if they successfully pass, we could see a continuation move to new record highs. Small cap stocks continue to recover as the Russell-2000 (IWM) has
Today, Chairperson Janet Yellen forewarned that the low long term interest rates currentlly being enjoyed by the market could jump once the Federal Reserve begins raising interest rates. The bond market more or less said “So what?” to her comments and finished in positive territory when treasuries tend to reflexively retreat on such remarks. Below […]