It may be that time again

For traders, the old adage to “Sell in May” is now upon us. Over the past 40-plus years this recommendation has worked over 70% of the time. Should you go with the statistics or ignore them? As regular readers know, the S&P 500 Index has already reached my target...

Markets hold on to weekly gains

It was a struggle, but the stock market indexes stubbornly refused to cave in despite some really horrendous earnings reports. A battle is being waged among bulls and bears right here, right now. Who will win? Remember last week when I reported that earnings have been...

The Doha Dilemma

Will they or won’t they freeze oil production this weekend at the OPEC meeting in Doha, Qatar? All the main oil producers will show up. The direction of oil prices (and the markets) may hinge on the outcome. As expected, various energy players continue to make...

Markets remain choppy

It was a nothing week, although on any given day investors saw the averages gain or lose one percent or more. Next week offers more of the same. In my last column, I said that the markets are caught in a trading range and will remain so until the OPEC meeting...

Economy stronger, stocks weaker

Investors can expect the stock market to carve out a new trading range over the next few weeks. The good news is that range will be higher than it has been all year. The bad news is that we should not expect a repeat performance of March. March was a good month for...

The Fed keeps traders on edge

It has only been a week since the last Fed meeting. Yet several members of the central bank are already contradicting the message their leader, Federal Reserve Bank Chairwoman Janet Yellen, delivered to the markets. Yellen’s statements last week led markets to believe...