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, […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
