The Outlook I had expected anywhere from a 15 to 40 point move higher on Tuesday. Instead we got a 52 point rally to add to Friday's 59 point gain. Between the past two days, the index is up 111 points and closed back above 6000 at 6049. Dips could occur today but a drop all the way to 6000 is unlikely. No matter what the dips are like, they are...
The Outlook Historically the day after Martin Luther King Jr Day has been positive 72% of the time since my records going back to 1974. On average the market has added 15 to 40 points. However, with the Presidential Inauguration on Monday, we could see a stronger day. The Moving Average Convergence / Divergence (MACD) technical indicator gave an...
The Outlook Thursday did not see much if any actual follow through. The decline of 4% in Apple Stock (AAPL) did not help the market. Nor did the 6% decline in UnitedHealth Group Stock (UNH) after releasing their latest earnings. These were the two biggest losers for the Dow Jones Index. After a huge rally such as we saw on Wednesday, usually...
The Outlook Wednesday was the best day for stocks since Nov 6. This ends the down cycle stocks have been in since the Fed cut interest rates on Dec 18 in what was a hawkish news conference. The Fed told investors the number of rate cuts in 2025 would be fewer than expected as inflation appeared "stickier" than expected. Whether this rally can...
The Outlook I had expected Tuesday to be less volatile than Monday but that was not the case. Today everything hinges on bank earnings and to a lesser extent the CPI numbers. Bank earnings need to exceed expectations and forward guidance needs to be solid. Any misses will see those bank stocks tumble but the overall sector may have trouble...
The Outlook Today we get the latest PPI reports. As long as the reports come in as estimated, stocks should remain steady. If the reports show higher PPI numbers we could see stocks slip. However with Bank earnings starting tomorrow, I expect stocks to be more stable and possibly even see the index close higher. First Five Days of January - Ended...