We need context after the moves that we have seen the last few sessions. Now pundits wanted to paint the action yesterday as a black Monday. But if you lived through 1929, 1987, and 2001, you would truly understand what a true “Black Monday” or “Crash” looks and feels like. This first “Black” Monday was […]
This market reminds me of the lyrics from an old favorite of mine; “I get knocked down, But I get up again”… It really sums up this current market. Stocks started today under selling pressure as the S&P 500 ($SPY) fell around 0.25 percent in the first few hours of trading. I want to see […]
I want to start by looking at the market from a sector level. Leadership continues in the Consumer Discretionary ($XLY), Healthcare ($XLV), Finance ($XLF), and Consumer Staples ($XLP) sectors. This is why we have been trading names like Amazon ($AMZN), Home Depot ($HD), Morgan Stanley ($MS) and Monster Beverage Corp ($MNST). On the flip side […]
I took some time away from the blog but now I am back and eager to resume posting my daily update on the markets. This first report sounds more like a lumberjack update with the way that the market continues to chop around. Stocks were firmly flat on the open but began to slide into […]
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