It was a wild ride last week and perhaps the worst week the markets have seen since we began publishing this newsletter in 2004.  But today the bulls stampeded and the shorts ran for cover as the S&P 500 gained +4.4% for the day! Read more about WHAT THE MARKET WANTS: Wild Ride is Over . . . For Now

david / Tag: COF, NEM, RFMD, sectors, XEC / 0 Comments

This week should be another interesting one, but it’s hard to say whether it can match the market’s behavior last week when it donned rose-colored glasses to view four days of mixed economic data. Read more about WHAT THE MARKET WANTS: Pausing to Refresh or Retreat?

david / Tag: AA, AMD, ATW, BAC, GE, GME, GS, IBM, JPM, sectors, SYA, UPS, WCRX, YUM / 0 Comments

It has been a week of sparse market-moving news, but what news there was continued to be generally supportive of the market’s slow growth recovery. Remarkably, volatility continues to be very low. Unlike the 6 to 10% gyrations (in both directions) of late 2008 and early 2009, we’ve seen very few days this year when the market has moved more than 1% in either direction. Read more about WHAT THE MARKET WANTS: Steady as She Goes . . .

david / Tag: AA, BAC, GE, GOOG, INTC, JPM, ORRF, sectors, UGI, USMO, VMW / 0 Comments

The market continued its slow but persistent trek upward, inching along as it did during the holiday-shortened past week. In fact, the S&P 500 set an 18-month high today at 1187.73 and closed very near the high. Read more about WHAT THE MARKET WANTS: Market Inches Ahead

david / Tag: Add new tag, GPRE, PL, sectors, SVR, VRX / 0 Comments

The market continued to inch ahead today, with the S&P 500 taking another aim at the 18-month high of 1180 which it reached last Thursday before backing off a bit on Friday.  The only thing nudging the market forward seems to be the lack of anything really negative. The economic releases over the past week and today were either at or slightly above projections, and we seemed to have dodged the bullet on a couple of portentous events. Read more about WHAT THE MARKET WANTS: It's a Tortoise, Not a Hare

david / Tag: CVS, GILD, RTN, sectors, small-caps, UNM / 0 Comments

Despite the global gloom that continues to cause significant concern about economic recovery virtually everywhere, the market pushed right through the resistance wall last week, threatened to give it back on Friday and this morning (Monday), but then continued forging ahead today. Read more about WHAT THE MARKET WANTS: Market Pushes Through Resistance

david / Tag: DFG, ENDP, RKT, sectors, UVV / 0 Comments

If the bulls had been paying attention to the economic indicators reported last week, you’d assume the market would be down substantially by now.  The fact is, however, that the S&P 500 is just down about -0.4% for the past calendar week, and today it’s up over a full percent. Obviously, the bulls didn’t see the surprising drop in Consumer Confidence, which fell to 46.0 from 56.6 in January, its lowest reading since early last year. Read more about WHAT THE MARKET WANTS: Seems Bulls Don't Read The Wall Street Journal

david / Tag: AIG, BZ, CBEH, CYH, RGA, sectors / 0 Comments

Forget that the market was down for the fourth consecutive week on Friday.  Investors woke up in a new world today and sent the market soaring.   It is Monday, after all. Read more about WHAT THE MARKET WANTS: Monday Mania Rides Again

david / Tag: ALGT, CBST, DV, HUM, Manic Monday, sectors, TRV / 0 Comments

Perhaps it was the new senator from Massachusetts who let the bears out, but I suppose it was a bit more than that. When the week began on Tuesday, after the Martin Luther King holiday, the bulls were grazing happily on GARP stocks, as contented as California cows.  But then somebody opened that gate, and the bears roared through and the bulls ran for cover. Read more about WHAT THE MARKET WANTS: Who Let the Bears Out?

david / Tag: AAPL, AMTD, AZO AFL, BAC, C, EGAY, Manic Mondays, MS, NTRS, NVO, PH, RIMM, SCHW, sectors, WFC / 0 Comments