Tag Archives for " S&P 500 "

No September Weakness | Stock Market Update

September has historically been a very weak month for the stock market, but there was no September weakness this year.  The stock market is extended. Can it keep trending up? Yes.  Can it turn south in a New York minute? Yes.

Today’s video focuses on the S&P 500 (SPX), looking at the daily, weekly and monthly charts. I also look at the VIX, the Homebuilders ETF (XHB), the Emerging Markets ETF (EEM) and finally Gold ETF (GLD). Gold put in a very interesting pattern for September.   Continue reading

Missiles of September…No Worries??

The stock market blasted off last Monday after Hurricane Irma turned out to be a little less damaging than expected and North Korea did not launch their missiles of September program, over the weekend.  The rally continued a little less robustly into quad witching day on Friday.

The stock market was up on Friday even after North Korea launched another missile over Japan, around 5pm CT on Thursday. This was the second time in less than a month that North Korea launched a missile over Japan.  I’m sure the folks in Japan love hearing the sirens go off and worrying about a nuclear bomb dropping on their heads. Continue reading

No Santa Claus Rally Again This Year

The Santa Claus Rally in the stock market has typically been defined as a rally that occurs between Christmas and New Year’s Day.  Well that didn’t happen this year or last year or the year before.  

In December 2014 the S&P 500 (SPX) was down 1.1% then chopped up and down in January ending the month down 3.1%.

In December 2015 the SPX was down .84% then got whacked pretty good in January ending down 5.1%.  (at one point it was down 11.3%) Continue reading