It Ain’t Gettin’ Any Greener

September 10th, 2018|

By Pete Biebel, Senior Vice President

That was a declaration a friend of mine used to make when a driver ahead of him at a traffic light sat still a little too long after the signal had changed.  It was his snarky alternative to, “Come on, Bub.  Whatcha waitin’ for?” or the more mundane, “Move it, […]

Got the T-Shirt

August 27th, 2018|

By Pete Biebel, Senior Vice President

The market had another pretty good week.  And, contrary to the behavior in the previous week, the indices and sectors that had been leading resumed their leadership role.  The lagging indices and sectors, which bounced higher in the previous week, were relegated to bringing up the rear.  The NASDAQ Composite […]

R-O-T-A-T-I-O-N in the Summer Sun

August 20th, 2018|

By Pete Biebel, Senior Vice President

Summer v-a-c-a-t-i-o-n is coming to an end.  Several of the sectors that blissfully led the market higher through the early days of summer have been beached in recent weeks.  Meanwhile, a handful of sectors that had been out of the limelight have enjoyed a late-summer burst of bullishness.  Over the […]

The Market’s Last Gaps Effort

August 13th, 2018|

By Pete Biebel, Senior Vice President

An “opening gap” is a situation in which the price of a stock or index begins the day clearly above the high or clearly below the low of the previous day.  Big opening gaps in individual stocks or market indices are often characterized as either acceleration gaps or exhaustion gaps.  […]

Thank You, Sir! May I Have Another?

August 6th, 2018|

By Pete Biebel, Senior Vice President

The U.S. market averages got spanked last Monday.  The previous Friday’s weakness, led lower by faltering tech stocks, was the initiation of Monday’s weakness.  Monday’s hazing pushed the NASDAQ Composite Index (COMP) below its 50-day moving average and to near its lowest level in a month.  The S&P 500 Index […]

Faux Pas du Jour

July 30th, 2018|

By Pete Biebel, Senior Vice President

This current “Earnings Season” has generated more than its fair share of acrobatic stock price reactions to quarterly earnings reports.  Every quarter features a wide range of post-earnings gymnastics, from soaring triple summersaults to epic face-plants.  It seemed that each day over the past week or two has featured a […]

Will I Lose You to a Summer Lull?

July 24th, 2018|

By Pete Biebel, Senior Vice President

Yep, it’s summertime.  Many market players are on beaches, on yachts, generally on hiatus, “See you in September.”  The B-Team is at the controls, “While you’re away don’t forget to write.”  The market’s acceleration to new rebound highs, which began just after the Independence Day holiday, has frozen-up like an […]

Earnings Hopes Trump Tariff Fears

July 16th, 2018|

By Pete Biebel, Senior Vice President

Stocks tacked on substantial follow-through upside last week after a break-out Friday in the previous week.  The Dow Jones Industrial Average (DJIA) led the major indices with a 2.30% gain.  The NASDAQ Composite Index (COMP) was next best, up 1.79%.   That gain lifted COMP to a new all-time high, just […]

Half-Year Take

July 2nd, 2018|

By Pete Biebel, Senior Vice President

It seems hard to believe, but we’re already halfway through 2018.  I should probably get around to taking down my Christmas decorations.  The year began with stocks ripping higher right out of the gate.  The averages extended their late-2017 gains on the promises of lower taxes and higher earnings.  That […]

A Sub-Par Average

June 25th, 2018|

By Pete Biebel, Senior Vice President

You may have heard that there was a change in the composition of the Dow Jones Industrial Average (DJIA) last week.  One of its thirty component companies was removed and a new stock added in its place.  Such changes are rare, and thus noteworthy.  I mention this only because the […]