Posted by on October 24, 2014

What a difference a week makes!

I have to comment quickly before leaving for the weekend on a remarkable month this has been!  An incredible last 8 trading days! The October 2014 market “correction” may go down in history as the shortest market pull back in history. Wednesday October 15th, 12 noon Chicago time, the S&P 500 index stood at 1820.66…  Continue Reading
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Posted by on October 24, 2014

The Market

For all of you who fell asleep on the market over the summer, welcome to your wake up call. Volatility is back! The big moves are to the upside this week causing the bulls to remain steadfast in their faith in the market. According to the AAII Investor Sentiment Survey, 49.7% of investors are bullish…  Continue Reading
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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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