By Pete Biebel, Senior Vice President
Last week I wrote that, “One key take-away from this week’s trading might be how COMP and SPX perform if, and when, they reach those big number levels. If SPX can punch through 2900 for more than a few hours and by more than a few points, then it’s likely […]
By Pete Biebel, Senior Vice President
Stocks easily continued higher last week with both the Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) gaining about 2% for the week. The NASDAQ Composite Index (COMP) was up nearly 3%. The averages all gapped higher on Monday morning and never looked back. They also gapped […]
By Pete Biebel, Senior Vice President
Last week brought a fairly quiet ending to a relatively raucous quarter. Despite a bearish conclusion in the prior week, the major averages all racked up gains of about 1% to 1 ½% last week. It was a fine ending to a fantastic quarter. Year-to-date, the Dow Jones Industrial Average […]
By Pete Biebel, Senior Vice President
In my most recent commentary two weeks ago, I summarized the damage done to the market in the prior week. Following an impressive ten-week rally off the Christmas Eve lows, it was the worst week yet this year. The averages were down on all five trading days that week. So, […]
By Pete Biebel, Senior Vice President
The Hallmark website lists tin and aluminum as the traditional categories for tenth anniversary gifts. What would you give? A whistle? A hubcap? A martini shaker? A canoe?? You probably saw a few articles over the weekend proclaiming the tenth anniversary of the bull market. March 9th, 2009 was the […]
By Pete Biebel, Senior Vice President
So much fuel and so little flame. So much news and so little volatility. Through the fourth quarter of last year the market averages snapped back and forth like a flag in a thunderstorm. Now that storm has passed, and the markets seem as limp and unmoving as a flag […]
By Pete Biebel, Senior Vice President
Back in the olden days, Monty Hall was the long-time host of a TV game show called “Let’s Make a Deal.” The show was famous for having contestants select one of three doors for their prize. Hidden behind one of the doors would be a great prize, like a boat […]
By Pete Biebel, Senior Vice President
For the previous six straight weeks, the market averages ended the week near or above the 90th percentile of their range for the week. In other words, for the past six weeks in a row, the averages ended the week very near their highs of the week. It has been […]
By Pete Biebel, Senior Vice President
The market’s post-Christmas rebound continued last week. The major averages all tacked on about 1 ½% give or take; they all made new rebound highs. The Dow Jones Industrial Average (DJIA) even managed to end the week back above its 200-day moving average for the first time in two months. […]
By Pete Biebel, Senior Vice President
That was different! Following months of heightened market volatility with unusually wide daily and weekly ranges, last week had the narrowest weekly range in more than three months. True, it was just a four-session week, but the range between the high and low of the week on the S&P 500 […]
