Tale of the Tape Good evening folks and happy Spring! All the major indices closed higher today and so that’s one in a row. If we close higher again tomorrow, it will be the first time for two in a row since Feb 12, though it seems like forever. The Russell 2K did a thing … Continue reading Manic Depression is a Frustrating Mess
Tale of the Tape Good evening folks. Well, we failed to make it two up days in a row and we failed in epic 2020 fashion. The sawtooth lower continues mercilessly and it’s getting to the point where the comparisons to ‘87 and ‘29 are warranted. Today was the fourth trading day in 8 in … Continue reading Niedermayer Dead…
Tale of the Tape Stocks bounced back today after yesterday’s historic sell-off. The S&P 500 closed up 6.00%. We’re now down 6.71% on the week and 21.5% year to date. This rally was the latest in sawtooth volatility. One day up big, the next day down bigger. The one thing we really need to see … Continue reading Can We Make It 2 in a Row?
Tale of the Tape Good evening, folks. We hope you are all staying safe and healthy. Last Thursday, the S&P 500 dropped 9.5% and then on Friday, it rebounded right back to make up most of that big loss. All-day, we were watching that Thursday close of 2480 and, sure enough, we took it out … Continue reading No Words 🙊
Here’s a quick look at some of the stuff you will want to know for the week ahead. First, here’s the weekly S&P 500 chart: S&P 5002,711-8.79%Nasdaq7,874-8.17%Russell 20001,210-16.50%Dow Jones23,185-10.36%Weekly percent changes The VIX Last week the S&P 500 Volatility Index, $VIX, hit levels not seen since 2008. Sheesh 😲 Here’s some learning material on the … Continue reading This Market is Gnarly: Please Proceed with Caution
Tale of the Tape Good evening, folks. Thankfully, this week is in the books. Pour yourself a cold one and lift your glass in gratitude for what we have. Stocks ripped today, capping one of the most volatile weeks in the history of markets. The S&P 500 rose 9% on the day and closed near … Continue reading The End of an Historic Week
Tale of the Tape It is safe to say that the markets are crashing. We closed down 9.51% on the day and we’re now down 26% on the S&P 500 from the February 19, 2020 high close. That’s a big chunk for those who are investing, whether they are saving for retirement or trading for … Continue reading Dumpster Fire 🗑🔥
Tale of the Tape Good evening, everyone. Extreme volatility continued today and the S&P 500 closed down 4.89%. This was bad and we gave back all of yesterday’s gains plus a smidge more. The index is now down 7.7% for the week. The Dow fared worse due to Boeing’s troubles (see below) and the small-cap … Continue reading Punch Drunk and Without Bail
Tale of the Tape Stocks rallied with gusto today and closed on the highs. The S&P 500 was up 4.94% making up more than half of yesterday’s precipitous decline. The crazy volatility continues but this time to the upside. Stocks are still down 3% for the week but, as is becoming more clear, anything can … Continue reading Lunatic Oil Binge
Tale of the Tape Minutes after the opening bell, the S&P 500 dropped 7% causing the Level 1 circuit breaker to trigger. The market was halted for 15 minutes and trading resumed for the rest of the session. The S&P closed down 7.6%, its worst day since 2008. Small caps dropped 9.37%. The Russell 2000 … Continue reading Halt, Who Goes There?