Economic and Technical Analysis 2015 Year End Wrap Up

Stocks didn’t do much last year and it seemed like the big money managers had a hard time with several major hedge taking huge losses.  The S&P 500 rose .22 percent with a high but it was more than flat for most money managers. Oil continued to be a wealth taker and I was clear[…]

The 3 Most Important Highlights From The FOMC Rate Decision May 1 2013

FOMC Does Not Signal End To QE: The FOMC’s statement today was strong/bullish but most of the attention was not on the lack of inflation or that the FOMC could make additional bond purchases.  ADP’s data today showed the economy is exceptionally weak with only 119 private jobs in April 2013 The 3 Most Important[…]

Disappointing First Quarter 2013 GDP Growth At 2.5 Percent Will Keep Fed On Hold

Disappointing First Quarter 2013 GDP Growth At 2.5 Percent Will Keep Fed On Hold: Sometimes bad news is good news.  Yes, everyone would prefer better economic numbers, but that’s not happening and the political economy risk that has threatened the U.S. economy for the last few years is taking root again. Sequestration and the increase[…]

Jobless Claims Fall 16,000 For Week Of April 20, 2013 As Relative Strength Indicators Point To Stock Weakness:

The Jobs Market April 2013 Is Characterized By Confusion: Initial jobless claims decreased last week but the economy doesn’t seem too strong.  Claims for initial jobless benefits fell by 16,000 for the week ended April 20 to 339,000 the Labor Department said today.  The reading was the lowest since March 9 but market participants weren’t[…]

Durable Goods Orders March 2013 Fall 5.7%, FOMC May Hold QE Signals

No need to worry about the Fed ending QE with mixed economic data: Durable goods orders fell in March as businesses cut back on investment in capital equipment. The Commerce Department said durable-goods orders for long lasting manufactured goods fell by 5.7 percent from the prior month.  Some of the decrease in durable goods orders[…]

U.S. Equities Fail To Follow Through On Poor ISM Data March 2013

Market may be overextended and pausing for next leg of the rally. The stock market gave back some of last week gains as poor economic data decreased bullish trading sentiment.  Stocks lost luster after a gap up in the early part of the session and continued to lose ground throughout the day.  What appeared to[…]

U.S. Consumer Confidence Down, Housing Prices Up As S&P Closes In On All-Time High Of 1,565

Mixed Economic Data Helps Lift Markets, No Reason For Fed To Pull Punchbowl: The S&P 500 broke out of a tight range today to close higher and neared the all-time high of 1,565 today as sentiment among traders shifted.  The S&P 500 has been rangebound for the past few sessions and made it harder for[…]

Dow Has First 9 Day Winning Streak Since 1996 On February 2013 Retail Sales, Traders Cautious

Dow Has First 9 Day Winning Streak Since 1996 On February 2013 Retail Sales, Traders Cautious: When will we start talking about the Fed again? Traders picked up on upward momentum in midday trading as the Dow rose marginally in a cautious trading environment. The Dow Jones Industrial Average barely gained for the day closing[…]

Unemployment Rate Drops To 7.7 from 7.9 Percent: Is QE Over?

Unemployment Rate Drops To 7.7 from 7.9 Percent: Is QE Over? Unemployment rate drops to the lowest level in 4 years. Yesterday the unemployment report showed the U.S. economy is gaining strength.  The U.S. economy added 236,000 jobs last month, according to the Labor Department report released Friday.  The January data was revised down from[…]