Market Commentary 7/1/2016

Well that was quick.  It looks like the reaction over Brexit was rather misplaced, as the markets have rebounded nicely this week.  Or as I heard a gentleman on Fox Business Network say, “Wait, I haven’t had time to panic yet.”  Still, keep in mind that the end of a...

Market Commentary June 24, 2016

Market Commentary June 24, 2016 Good morning. Because of the Brexit vote yesterday in the UK that resulted in the UK choosing to leave the European Union markets are in a bit of turmoil this morning. The US markets are down this morning, but at this point, they have...

January 2016

Market Summary 1-14-2016 Attempting to forecast markets is usually a big mistake. Looking back, the track record for those giving their economic and market forecasts is not very good. Occasionally someone gets it right, but the misses far outweigh the hits. So the...

Market Rebound 10-28-2015

Markets have rebounded from their recent lows and appear to be resuming their uptrend. Below is a weekly chart of the S&P 500 (click on image). 1. Area between the two blue lines shows the long term trend of the market since mid 2009. So far we have stayed within...

Due For A Correction? 8-24-2015

If you happen to see the action in the markets this morning you may have some concerns. Understandably it can be quite shocking to a sudden drop in the market but I am going to try to explain what I see happening and continue to remind everyone to take a long term...

Consolidation

When the stock market goes sideways, it is often called consolidation. This means that after stocks have been trending up or down, buyers and sellers agree and consolidate prices at current levels. The chart below of the S&P 500 for 2015 illustrates this. Since...

April 2015

Market Commentary – April 27, 2015 Below is a weekly chart of the New York Stock Exchange. The New York Stock Exchange (NYSE) is a broad based stock market index that tracks thousands of stocks and is a good indicator of how the overall stock market is performing. I...

Greece!!!!!!

Just a quick note to remind you that if you are listening to any financial media right now in regards to Greece, please take it with a grain of salt. While the media like to use the term “debt Crisis” and talk about panic….it’s still Greece. I’ll put it in...