Weekly Commentary for June 21, 2011 1250 on the S&P is the next support line for the markets. If you are looking at individual stocks and mutual funds, a simple back-of-the-envelope test is to compare the current price to the recent lows set in March. The March lows are another level of support, and you… [Read More] Investment Advice: Breaking 1250 on the S&P 500 is a Big Deal
The stock market has been posting gains the past few days. After two very tough months to start 2009, what could go wrong? Plenty, especially if you are focused on just the Dow Jones Industrial Average. [Read More] How GDP Numbers Being Released Will Affect The Market In March 2009
Take a walk with me down Memory Lane: 1973: S&P down over 17% (ouch) 1974: S&P down over 29%. (ouch again) The bottom for the S&P was reached in October 1974. And the bottom was reached — yet again — in December 1974. There was no advantage to jumping 100% back in, immediately. October 19,… [Read More] Buying Opportunities : No Need to Jump Right Back Into the Market
Exxon reported nearly $12 billion in profits for the previous quarter recently. $12 billion! More net profits in one quarter, than ever recorded in the history of mankind. And what did the stock do? It went down. Numbers like $12 billion generate emotional responses: anger, jealousy, envy, and even pride. The media does a good… [Read More] Exxon Stock : Quarterly Earnings and Performance
The Dow Jones industrial average dropped below 12,000 today, March 7. In technical terms, this is a significant move. On my point and figure charts this represents another sell signal and tells us that the average may have further to fall. Not that I want to be in the prediction business, but it appears there… [Read More] Dow below 12,000 = Sell Signal
In my previous message, I talked about how we moved to defense twice in 2004, but it seemed the market didn’t go down either time. If the markets weren’t going down, why get defensive? It’s an example of where the “generals” stay to fight, but the “soldiers” were leaving the battlefield. Sometimes, when the market… [Read More] Am I the Only One With Losing Stocks?