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5.25.2017 Bookmark

5.25.2017

Morning all, it's Thursday and all time high day to boot. 

Yesterday, after the FOMC meeting minutes were released the market grumbled for a little while and then decided it was going to go up despite what the minutes said. What better way to respond to the Fed's who stated that they were aware of "asset valuations" being high, than to blst to all time new highs??  

5.24.2017 Bookmark

5.24.2017

Good morning, happy Wednesday to you....

They tried and tried but couldn't pull it off. They got us to 2400 yesterday and we spent the bulk of the session trying to get past it. We'd bump into it, fade, bump into it, fade....on and on

5.23.2017 Bookmark

5.23.2017

Hello all, welcome to Tuesday. 

So, yesterday was day three of the bounce from last Wednesday's dump out day. We ended the day just 10 points shy of the all time high on the S&P. Even the IWM got into the game this time, as it eeked out surpassing its 50 day moving average by a fraction of a point.  The volumes weren't horrible, but they weren't great either. For example, on the Wednesday sell off we traded  172 million shares. Then Thursday it was 107 million and Friday 115 million. But Monday, we only managed 60 million. 

5.22.2017 Bookmark

5.22.2017

Morning everyone, welcome to a new week.  As always I hope your weekend was a good one for you.  Down here in Florida, it "looks" like the weather might finally be changing seasons. It's sort of odd down here, as there's a rainy season and a dry season. Somewhere around late October, it simply stops raining. You "might' get a quick sprinkle now and then but for the most part it's simply blue and sunny. Well this year the dry season has been so bad, there's been tens of thousands of acres burned, water restrictions, etc.  It hadn't rained here in 5 months

5.19.2017 Bookmark

5.19.2017

Good morning folks, another Friday has rolled up on us.

Yesterday became a bit comical to me. When  I sent out the 1 pm update the  DOW had come way off the morning high and was up just 38 points. The S&P was up just 4. There were a few wiggles that suggested that it might even go red.  But then "they" whom ever you wish to call them, all decided that it was time to buy things up and they had the DOW up 110 by 2:15. The S&P?  Up 14. 

5.18.2017 Bookmark

5.18.2017

Good morning all, happy Thursday to you. 


No need to hash out yesterday.  With the buzz about impeachment reaching fever pitch, it was the reason ( or the excuse)  for a high volume sell off.  The SPY traded 172 million shares, the highest volume day we've seen in many months. Most of it to the downside.

5.17.2017 Bookmark

5.17.2017

Hello all.


What a difference a day makes, eh?  Yesterday it was business as usual, and after a long twisty day the DOW ended down 2, the S&P down 1.  It doesn't get much flatter than that. 

5.16.2017 Bookmark

5.16.2017

Good morning folks, welcome to Tuesday and I hope it's a happy one for you all. 

So, they did it. With just 55 million shares of the SPY traded all day, they eeked out a new all time high...even on a closing basis.  The DOW had hit 21K during the session, but came up 19 points shy at the close. As I whined about at the 10:40 update yesterday, of course this made no real sense. Not one person in ten thousand can quantify the amount of business lost through out Europe over the malware attack. Yet they didn't care. We had a negative Empire report. They didn't care. No, it was Monday so it was time to set new highs.

5.15.2017 Bookmark



5.15.2017


Good morning everyone, welcome to a new day and a new week.  Hopefully you had a great weekend celebrating mothers day!   As you can imagine, our normal Sunday event of biking or hiking got sidelined this week.  When I asked the wife what she'd most like to do on her Mother's day, she replied "I've still got a handful of gift cards from Christmas I'd like to use."  So, I played chauffeur for the day. We hit the mall, we hit Bed Bath and Beyond, we hit Macy's, we hit Kohls.... and she had a pretty good day of Mom shopping. Good for her.  What ever was highest on your list...I hope your kids/spouse made your day wonderful! 

5.12.2017 Bookmark

5.12.2017

Morning all, another Friday has rolled up on us. How on earth can that be?  

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