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%. […]
Batten Down the Hatches Ahead of Election: Peter Kenny (Radio)
September 14, 2020 — 10:40 AM MDT Bloomberg Markets With Paul Sweeney and Vonnie Quinn Peter Kenny, founder of Kenny’s Commentary and Strategic Board Solutions, on merger mania, and why […]
The most important week of trading since March 23rd
It is difficult to overstate just how important this week is for equity market traders and investors. I believe this week is potentially the most pivotal week since the week […]
Silver Lining in NASDAQ’s Friday Reversal
Last week’s equity price action left investors of all stripes and sizes with an ageless reminder: what goes up must come down. And though last week’s price action was particularly […]
Zippo Lighter
A special Labor Day watercooler: Some of my earliest memories are sounds. The sound of my father’s worn metal Zippo cigarette lighter flopping open with a satisfying “click” is one […]
NASDAQ and S&P500 positive for the year in the sharpest stock market recovery on record
U.S. equity markets posted a solid performance last week. The Nasdaq composite once again led the charge, posting a gain of 3.39% for the week. The S&P 500 gained 110.85 […]
Stronger PMI and housing data shove stocks higher into record territory
As equity markets continue to trade higher – fueled by momentum, improving economic data, and better-than-expected earnings, the urge to sell into this trade higher is undeniable. The leaders in […]
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 […]
Wall of Worry
Investors in US equities have been handsomely rewarded since late March – particularly those with overweight exposure to large cap tech specifically, and the Nasdaq more generally speaking. The robust […]
Mr. Robot
The primary theme in last week’s note was that the Nasdaq’s outperformance to the upside, relative to the Dow and S&P 500 since our March 23rd bottom, was likely to […]