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 […]
S&P500
Sell Rosh Hashanah, Buy Yom Kippur?
Friday’s triple witching (option and futures contract expiration) provided an expected and significant expansion of volume for US equity markets. Volume on the New York Stock Exchange rose by 63.36%. […]
Great Expectations
Last Week’s Trade: The COVID-19 rally remains intact after a solid stock market performance last week. Though software names attracted modest sell interest on Friday, the fact of the matter […]
US equities close in on record territory, again
Large-cap sponsorship, in the form of 3M, CAT, and Intel, helped to deliver positive traction for US equity markets last week. Large-cap tech sponsorship in the form of Tesla, AMD, […]
A Washout Trade and Rising Risks
The breakdown in equity market pricing last week was more follow-through from the previous week’s performance than it was an event in and of itself. As discussed in last week’s note, […]
Sell in May and go away?
An old and frequently-used adage on Wall Street, “Sell in May and go away,” often gets a re-examination at this time of year – for obvious reasons. That cliché always […]
Wall Street tumbles on global economic slowdown fears
Reuters-March 22, 2019 By Stephen Culp NEW YORK, March 22 (Reuters) – Wall Street stocks sold off sharply on Friday, with all three major U.S. stock indexes dropping between 1 […]
S&P Capital IQ Consensus estimates: reduced operating EPS for 2019
Not unexpectedly, the S&P 500 ran into resistance at its 200 DMA last week. However, that resistance yielded only a fractional trade lower. So brief and nascent was the trade […]
The Specter of Knightian Uncertainties
As is the case with nearly all equity market strategists, I usually look at markets through the lens of quantifiable knowledge -corporate earnings, economic data and modeling, and historical trends. […]
US equity markets post largest weekly gain of 2018, poised to move higher
My stubborn insistence, outlined in this note over the past month, that U.S. equity markets would ultimately stabilize and snap back from the most recent downtrend in the near term […]