Tag Archives for " S&P 500 Index "

0 Here We Go Again

Jobs, jobs and more jobs. On Friday the jobs report exceeded expectations so the market exploded higher. This was just the opposite of what happened in June. You do have to wonder what the heck is going on.

And the number is…

Did someone in the Labor Department leave out something in June? Did they add it back in for July? Who knows.  All I know is that the stock market went up and the SPX now sits a whisker away from an all-time high.  The DJIA is a little further away and the NYSE Composite is even further away. Continue reading

0 Bull’s Last Stand

Little Big Horn Battlefield

On this day in 1876 several hundred men, led by an overly confident Lt Colonel George Armstrong Custer, U.S. Army, rode into an area in what is now southern Montana near the Little Big Horn river.

They engaged an Indian village there and grossly underestimated the strength of their opponent. They ran into several thousand, very unhappy Lakota Sioux and Cheyenne Indians.

In what is now known as Custer’s Last Stand, Lt. Colonel Custer and about 210 of his men, were completely overwhelmed and wiped out.

In the mid-1980s I read a very detailed account of this event in a book called “Son of the Morning Star: Custer and the Little Big Horn” by Evan S. Connell. It was very good.

Bull’s Last Stand

As I thought about Custer’s Last Stand, I thought about the stock market this week and the events surrounding the “Brexit” vote in the UK.  I wondered if the market’s eruption in bullish enthusiasm on Thursday, might have been the bull’s last stand. Continue reading

0 Golf and Trading the Markets

Happy Father’s Day!!!

On this U.S. Open Championship weekend I thought it appropriate to discuss golf and how it relates to trading.  I can think of at least 5 ways that golf can help your trading…there are probably many more. Continue reading

0 How Could We Be This Wrong?

The jobs report came out Friday morning and all the analysts on CNBC and elsewhere were stunned. Most were expecting jobs growth of 160,000 for May. Instead we got 38,000!!!

And March and April were revised down also. As Jim Cramer said on CNBC, ‘we track all this data, how could we be this wrong?’  I think that pretty much sums it up.

Then all the financial stocks got whacked. The dollar dropped. Gold, Yen and long-term bonds popped to the upside. The stock market really took a hit the first hour but clawed its way back, still down on the day.

The video below is an abbreviated version of what I provide my Insider Members. In today’s video, in addition to the market I look at 3 financial stocks…Bank of America (BAC), Citigroup (C) and JPMorgan Chase (JPM).

0 Is Tesla About to Explode?

The market wrap video below is a brief version of what I provide my Insider Members. In today’s public video I review the market action and check in on Goldman Sachs (GS), Tesla Motors (TSLA) and Twitter (TWTR).