The Stock Market Is Being Pushed Higher By A Few Tech Stocks
The stock market’s breadth stinks. Breadth is the measure of the rally’s broad based support. In my last article, I mentioned how Apple is responsible for all the gains in the Dow. The chart below shows that since March 1st, the fantastic five tech stocks which are Facebook, Apple, Amazon, Netflix, and Alphabet gained $260…
The B-List Rises?
Stocks remain mostly flat today as some money flowed into a few B-list tech stocks who's earnings growth surprised investors. In tonight's market update we will look at a few stocks to find opportunity in a sideways, low volatility market...
Apple Accounts For All The Dow’s Gains In 2017
Apple is often a topic in these articles because it’s such a large company with outsized effects on the indices it’s in. Proof of that is Apple’s gains this year account for 102% of the Dow Jones Industrial Average’s gains. Large cap firms are outperforming small cap ones. Apple is exhibit A of this trend.…
The VIX Closes Below 10 Again
The top story in the markets is the lack of volatility. The VIX has been hovering between 9 and 10 which is historically low. Actual price volatility is 48% of its long run average and has been near that point for 77 days. The chart below shows the lowest closes the VIX has had since…
Caution to the Wind, Nasdaq Froth Continues
Stocks remain mostly flat today as some money flowed into a handful of tech stocks. The story of the day was how the Volatility Index, VIX, hit the lowest level in 24 years and closed below 10 for the 2nd day in a low. In tonight's market update we will look at a variety of…
The VIX Falls Below 10
The stock market closed flat on Monday. The big movement was in the VIX which closed down 7.57% to 9.77. It makes sense that the VIX is near its all-time low given the lack of volatility. The VIX being below 10 is very rare territory. The close today was the lowest since 1993. Volatility is…
Does “Sell in May and Go Away” Still Work?
Stocks saw volatility fall out of bed this morning after the none event French presidential election. The very tight range on low volume was only bucked by Apple's big move thanks to positive comments from Warren Buffett. In tonight's video let's discuss the idea of "Sell in May and Go Away" and see if this…
The Market Is Reveling In Great Q1 Earnings
The stock market had the tailwind of Macron’s victory at its back, but it didn’t rally Monday morning. As I was predicting from a few weeks ago Macron, the centrist investment banker, won the French presidential election in a landslide. Macron received 66.1% and Le Pen received 33.9% which was below what most of the…
The Bitcoin Price Briefly Soars Above $1,600
Bitcoin Temporarily Explodes Higher Bitcoin has been skyrocketing lately. One month ago, the price of bitcoin was $1,139. By early Thursday it was at $1,567. That’s a 37.6% rally. It’s a hyperbolic increase which is unsustainable. Whenever any asset goes hyperbolic, it’s best to step out of the way and stop buying. As a reminder,…
A Tale of 3 Indices
Stocks end the week with a small rally brushing off any concerns about the French election on Sunday. However, once again stocks close the week within the expected move and that is why we have been sharing these crucial levels each week. Watch this important weekend video to find out what trades I'll be doing…