Hang on for the Home Stretch
A relatively benign economic calendar this week and a dwindling number of companies yet to report Q3 results will allow traders to focus on calendar-centric year-end trading, whatever is left […]
Author: Peter Kenny
Markets on a Tear. What’s Next?
A couple of quick thoughts… Last week certainly did provide for a dramatic trade higher and in the process allowed for the Nasdaq to finally eclipse the 12K level with […]
While Rome Burns & The “January Effect”
There is a growing chorus of highly respected market technicians calling for a pullback in the market. Using the Nasdaq Composite as a proxy for the broader market, it is […]
Alfred E. Smith IV
Friday, November 20th marks the sad 1 year anniversary of the passing of Alfred E. Smith IV. Al was a friend to all and an ally to many. His soul […]
Thank a Veteran
In my morning note to you, dated 10/26, I led with: “Never short a dull market.” Last week’s price action, though fueled by an unusual confluence of forces and events, […]
“Never short a dull market.” – HJK Jr.
US equity markets have alternatively found justification for an intermittent trade higher from either news of progress in the current coronavirus aid/stimulus talks or better than expected earnings or even […]
Kenny’s Commentary in Barron’s…Oscillation
Make Up Your Mind, Already: Inside the Stock Market’s Indecisive Week: “When in doubt, trade away.” By Ben Levisohn Oct. 16, 2020 By all appearances, investors can’t decide what they […]
Stock market posts best week since July
US equity markets had a good week last week as all three majors, and the Russell 2K gained ground. The Russell out-performed its piers on the week. The Russell gained […]
50-Day Moving Average, line of demarcation
Last week’s price action and volume metrics on US equity markets left investors in search of clear directional cues. For the week, the Dow Industrials gained a healthy 508.85 points […]
I have some really BIG news to share…
I am a Grampa! Charli Louise Kenny arrived this past Thursday evening. Everyone is home, happy and healthy. Current Market Outlook: Market in correction US equity markets quietly slipped into […]