New Highs For Now – Market Update 11-10-19

All of the indexes put in new intra-day and closing highs last week. Will it continue? What are the driving factors? Check out this week’s latest analysis in the video below. Meanwhile, we are making profit, both ways, long and short. Currently six open positions, all in profit and five still have very nice entries.…

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Triple Top – Or Breakout?

The S&P 500 has approached the all time high of ~$3027 for the third time. Will it break out, or reverse down again? The key things to watch are; – Earnings results (60% of the S&P 500 has yet to report) – FOMC announcement on Wednesday, 10/30/19 – Any China trade deal breakthroughs Meanwhile .…

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Unusual Uncertainty: Market Update 10-20-19

The degree of political uncertainty is at an incredible level. As a result, the S&P 500 is stuck in a channel, with the tension of a strong US economy, better than expected earnings, but this overhang of uncertainty. In this week’s video, I review the “big picture,” the current technical analysis and what to watch…

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Big Picture for the week of 10-14-19

Here are the “Big Picture” items for the week coming up: 1) “Phase One” of China trade deal agreed to in principle – needs to be “papered.” >Caused market rally on Friday 2) Q3 earnings season in full swing >Watch Banks in particular >JPMorgan Chase & Co., Goldman Sachs Group Inc., Citigroup Inc. and Wells…

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Buckle up for another wild week

Traders should expect more volatility in the upcoming week.  Here is the backdrop and upcoming events to be aware of: Backdrop -Last week’s volatility was driven by; slowdown in manufacturing and services, solid jobs and unemployment numbers -Overall global slowdown Upcoming events -Q3 earnings season is kicking off.  Earnings expectations are “Dim” according to the…

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Strength or drinking the Kool-Aid?

Are current market levels justified by underlying strength, or are participants “drinking the Kool-Aid” and displaying naivete and disregard for global data and recent shocks to the market? In this update, I review and analyze where we are and what to expect. What do you think? Reply and let me know! Dean

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Expect a wild open on Monday 9/16/2019

Oil futures are up over 10%, the S&P 500 is down and Gold is spiking. Here is this weeks market update with discussion and analysis of these events and what to watch for. As always, I welcome your questions, comments and feedback. Dean

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Market Update 9-1-2019

It is all about tariffs! The latest round of US tariffs on additional goods from China went into effect today. Overnight S&P 500 Futures are down about .60% right now. We should expect the market to open down, after the Labor Day Holiday, on Tuesday, 9/3/2019. Here is the latest video update and chart analysis:…

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Market Update 8-18-2019

Big Picture Right Now: 8/18/2019 ANOTHER wild ride on the indexes last week – expect to continue -Breaking news can and will cause volatility -China trade, Hong Kong, Iran, North Korea, etc. Complicated week for planned news -FOMC meeting minutes will be released on Wednesday, 8/21, along with existing home sales -Jackson Hole Economic Policy…

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Market Update for 8-11-2019

Big Picture Right Now: 8/11/2019 -Wild ride on the indexes last week – expect to continue -No news on China trade deal, yet -Will Yuan stabilize? How about the Dollar and the inverted yield curve? -What about Iran . . .? This coming week -Q2 earnings winding down, results have been good Economic calendar -Thursday,…

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