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Freight Not

February 11th, 2019|

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 […]

The More, The Murkier

February 4th, 2019|

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.  […]

Didn’t Trumps Did

January 28th, 2019|

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 […]

We Don’t Need No Stinking Adages

January 22nd, 2019|

By Pete Biebel, Senior Vice President

One old adage of market behavior is that many of the steepest rallies are rebounds in continuing downtrends.  Picture Paul Bunyan bungee jumping.  The market’s plunge in December stretched it to near the breaking point.  The snap back rebound since Christmas has been the steepest rally in a long time, […]

A Swing and a Myth

January 14th, 2019|

By Pete Biebel, Senior Vice President

The first full trading week of 2019 enjoyed a hearty and healthy continuation of the post-Christmas rally.  The major averages rang up gains of about 2 ½% to about 3 ½%.  The steep December skid left the market extremely over-sold with extremely negative sentiment as of the end of trading […]

Chitty-Chitty Bang! Bang!

January 7th, 2019|

By Pete Biebel, Senior Vice President

As 2018 ended, last week began with the narrowest range day since late-November.  Perhaps the New Year would bring some relief to the wild, wide-ranging markets that characterized the fourth quarter of last year.  On Wednesday, the first trading session of the year began with a gap-down opening, which quickly […]

Take the Long Way Home

December 28th, 2018|

By Pete Biebel, Senior Vice President

The road to wealth, for most of us, is not a quick blast down the freeway of high finance, but a bumpy, winding path that yields steady long-term progress sprinkled with occasional inconvenient detours.  We know that with discipline and planning, we have a better chance of reaching the destination […]

Nice and Naughty

December 17th, 2018|

By Pete Biebel, Senior Vice President

When the S&P 500 Index (SPX) survived a test of its 2600 level last Monday, it was looking like it would be a nice week for the market.  Coming out of an oversold condition with the big reversal that Monday, the Santa rally was cleared for takeoff.  The averages all […]

The Dog Ate My Homework

December 10th, 2018|

By Pete Biebel, Senior Vice President

Excuses, excuses.  Some are believable, some are laughable.  The past several weeks of unusual market volatility have inspired a need for excuses.  For the cable business shows, it seems that making excuses has become a full-time endeavor.  Perhaps the most incredulous of the popular excuses is, “Stocks are down because […]

That You Santa??

December 3rd, 2018|

By Pete Biebel, Senior Vice President

Following a thankless drubbing during the Thanksgiving Day holiday week, stocks ripped higher last week.  The NASDAQ Composite (COMP) led the major indices with a gain of over 5 ½%.  The Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) each had gains of 5% give or take.  […]