Posted by on October 22, 2014

The Market

I think that traders everywhere are taking a moment right now to take a breath. Pre-market is pretty close to fair value indicating that neither bull nor bear is really set to make a push at the open. That may be warranted given the S&P Index has risen over 120 points or over 6.5% from…  Continue Reading
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Posted by on October 21, 2014

The Market

Apple did not disappoint. Where the US market did not seem fazed by the 7% miss by IBM yesterday, we seem to have jumped on the Apple bandwagon. The numbers came in well above the company’s guidance. It posted earnings of $8.5B with revenue of $42.1B. This comes on the heels of the recent iPhone…  Continue Reading
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Posted by on October 20, 2014

The Market

Last week was a tale of two halves as we saw a broad market decline through mid-day Wednesday. After that the bulls took over and pushed for a rally that left the market in comparatively a good place. There may be more wild swings to come. Earnings season is upon us and Reuters is reporting…  Continue Reading
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Posted by on October 17, 2014

The Market

With pre-market trading at 1.2% above fair value we saw a decent open to the market today, however, the recent history likely had bullish traders concerned that the early gains wouldn’t hold.  At the midpoint of the trading day the early gains actually built additional momentum and it seems that traders are breathing a collective sigh of…  Continue Reading
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Posted by on October 16, 2014

The Market View

Ok. So yesterday was quite the day. So bad in fact that when the Dow closed with a 173 point loss we regarded it as a victory. And things today don’t look much better. Domestically the pre-market is trading down 1.49% and foreign markets haven’t done much better. France is down 2.27% and Spain is…  Continue Reading
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