Another record high

  This off again, on again market continues to grind higher, if only by a few points, but it is the direction that counts. This week it was the S&P 500 Index’s turn to chalk up another record gain. And so it goes. If you recall last week, we were at the...

Noise in, noise out

The market did another round trip on investors this week, testing both the lows and the highs of the recent trading range. At some point, the markets have to break. The only question is will the break be to the upside or the downside? There were a number of sharp...

Hero to zero in one week

It was just a week ago that the NASDAQ made a new, 15-year high. The other indexes also chalked up new trading records. Equity strategists were predicting greater gains just around the corner. Four days later we are at the bottom of the trading range again. As I write...

Buy on the news

The worst of earnings season is behind us and it isn’t nearly as bad as investors feared. Led by the tech sector, market averages are once again near their highs and appear to be on their way to even higher highs. If you recall that last week at this time, world...

Right back into the range

The first week of earnings season is behind us. The results were not nearly as bad as investors feared. Some averages, such as the Russell small and mid-cap indexes, actually made new highs. However, all the indexes fell back into a trading range by the close on...

Earnings on deck

This week launched the beginning of first-quarter earnings results for American companies. Wall Street doesn’t expect much. It is bracing for a disappointing season, especially from U.S. exporters. Has the market discounted that news already? Analysts expect that...