Market

Overnight Flights

April 16th, 2018|

By Pete Biebel, Senior Vice President

Stocks see-sawed higher last week with the major averages gaining between 1 ½% and 3%.  As the prior week ended, there were concerns about the averages dropping below their 200-day moving averages.  Not to worry.  From last Monday’s big gap-up opening the broad indices were in the green all week.

It […]

Above Average Concern

April 9th, 2018|

By Pete Biebel, Senior Vice President

Despite sustaining losses of about 2 percent or greater on both Monday and Friday, the popular indices ended the week with just minor net losses.  Back-to-back-to-back gains midweek lifted both the Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) into positive territory and to near their highs […]

More to Come

March 26th, 2018|

By Pete Biebel, Senior Vice President

In recent weeks the potential for a retest of the February lows had not been appreciably diminished by the rebound rally.  In each of the previous two weeks I warned that breaking below 2730 on the S&P 500 Index (SPX) would be a bad omen.  I reminded that air-pocket declines […]

The Silence of the Bulls

March 19th, 2018|

By Pete Biebel, Senior Vice President

Compared to recent weeks, market action last week had less movement than a prisoner in solitary confinement.  Following spectacular gains in the previous week, the averages were in a position to extend their rebound rally.  But, the bulls failed to deliver.  My contention in recent articles (“You Say You Want […]

I’m Just Waiting on a Trend

March 12th, 2018|

By Pete Biebel, Senior Vice President

I can’t get no satisfaction.  A couple weeks ago in “You Say You Want a Resolution,” I wrote about the unresolved issue of whether the market had completed its mini-correction and was now on its way to higher highs or it was merely going through a rebound phase in an […]

Metal Meddle Tests Market’s Mettle

March 5th, 2018|

By Pete Biebel, Senior Vice President

Much of the blame for the market’s meltdown last week was ascribed to President Trump’s announcement that he intends to impose tariffs on imported steel and aluminum.  This is apparently part of the effort to make American grates again.  The major averages all fell between 1% and 2% following that […]

T.G.F.F.

February 26th, 2018|

By Pete Biebel, Senior Vice President

In the four days of trading last week, the market covered a lot of ground, but didn’t really get anywhere.  Neither the Dow Jones Industrial Average (DJIA) nor the S&P 500 Index (SPX) was able to get back to the high of the previous Friday.  On both Wednesday and Thursday, […]

You Say You Want a Resolution

February 20th, 2018|

By Pete Biebel, Senior Vice President

Well, you know, we’d all love to see the plan.  Traders were up in arms last week following the bearish attack in the previous two weeks.  In the prior week, the S&P 500 Index (SPX) plunged more than 140 points, its largest weekly point loss since October of 2008.  And, […]

VIX Tricks Stick Slick Cliques

February 12th, 2018|

By Pete Biebel, Senior Vice President

During the past week, I heard way too many cable business channel guests giving us their spin on the horrors of volatility.  VIX, the CBOE Volatility Index, is the hub around which such discussions rotate.  VIX was created many years ago as a gauge of the market’s consensus of expected […]

Wash-Out Hog-Wash

February 12th, 2018|

By Pete Biebel, Senior Vice President

The financial press is awhirl making up reasons for the steep decline in the stock market last week.  The major averages were all down by more than 5% for the week and that was with about a 1 ½% rebound on Friday.  One of the most popular myths is that […]