By Pete Biebel, Senior Vice President
Following a fairly lousy month of May, stocks ripped higher through the first week of June. It was a welcome change of direction. The S&P 500 Index (SPX) didn’t do so well in the previous month. It touched a new all-time high early in the day on May 1st, but […]
By Pete Biebel, Senior Vice President
There’s a new item to add to the list of factors that are sucking the bullish enthusiasm out of the stock market. It’s no secret that over the years there’s been a tendency for new IPO (initial public offering) stocks to rip higher when they are initially made available to […]
By Pete Biebel, Senior Vice President
Alarms were sounding throughout the week as the averages saw follow-through selling and lower lows. Last week I wrote about the May Day mayday, describing how the reversal from a new high on Wednesday, 5/1/19, was an alarm for investors, alerting them that the potential for at least a short-term […]
By Pete Biebel, Senior Vice President
“Mayday” is an internationally recognized emergency alert word that was originated in 1923 by a senior radio officer at an airport in London. He had been asked to come up with a word, which could be easily understood by airmen and ground crews, that would be specifically used to indicate […]
By Pete Biebel, Senior Vice President
Market action over the past several weeks has been similar to how some non-fans characterize a baseball game: extended stretches of inaction interspersed with occasional brief flashes of excitement. Indeed, most of the recent trading sessions have been yawners. Nearly all the action in the last two weeks came in […]
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 […]
