Good morning. Happy Tuesday. We got across the board breakouts yesterday from the indexes. A two month rally was followed by one month of consolidation which has now been followed by a breakout and new swing highs. The charts look very good as we enter the stretch of the five worst months of the year. […]
Sector Performance (Jun 2)
Here’s how the market sectors performed today…
Before the Open
Good morning. Happy Monday. Hope you had a nice weekend. It’s official. GM has filed for bankruptcy. The company was more than 100 years old and had been the #1 car maker in the world for decades. They will now reorganize with the US government being a majority owner. The market doesn’t seem too bothered […]
Sector Performance (Jun 1)
Here’s how the market sectors performed today…
Before the Open
Good morning. Happy Friday. This week has flow by. I guess that’s what happens when it’s holiday shortened. We had a big up day Tuesday which recaptured 4 days off losses…a decent down day Wednesday which almost gave back those gains…then an up day yesterday. Now we’re looking at a gap up open in the […]
Sector Performance (May 29)
Here’s how the market sectors performed today…
Before the Open
Good morning. Happy Thursday. I’ll repeat what I wrote yesterday after the close. The market continues to generate lots of noise. The bulls controlled Tuesday; the bears controlled Wednesday. On Tuesday, the market recaptured 4 days of losses with one felled swoop; on Wednesday, those gains were almost entirely given back. Bottom line is the […]
Sector Performance (May 28)
Here’s how the market sectors performed today…
Before the Open
Good morning. Happy Wednesday. Over the weekend I said the onus was on the bulls once again to dig their heels in and defend their turf, and they rose to the challenge yesterday. The market gapped down and then rallied all day and closed near its high (odds favor taking out yesterday’s high today). Virtually […]
Sector Performance (May 27)
Here’s how the market sectors performed today…