1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. Stocks Lay the Foundation For a Rebound – The economic data were solid, market indicators hit extremes and stocks started a rebound. – The rebound was mediocre, and while the big after-hours earnings reports were good, reactions were mixed. Meanwhile, […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. More Lethargy – We saw more lethargy as the stimulus “talks” are nothing more than tag lines for the news outlets. – It is a tale of two markets. The small-cap stocks and the mid-cap stocks jumped. However, the large-cap […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. A Big Gap Lower to Near Support – Stocks opened the third selling session with a big gap lower… to near support. – The large amount of negative sentiment accompanying the early downside helped, along with a -10:1 breadth, to […]
************ Special Replay ************* I had the pleasure of being on a call with many paid Eagle subscribers this past week. In it, we discussed what is going to drive the market in the fourth quarter and how to profit for the remainder of the year. As a valued reader of this e-letter, I wanted […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. The Overall Economic Figures Are Improving – There is still lots of talk about stimulus, but parts of the market are rallying anyway. As job losses are starting to pile up, there is a big impetus for Congress to act. […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. News of no stimulus talks stalls Thursday’s gains, but the market action is constructive. – Stocks post low, to high, to not so high actions that just missed being really positive. – Stocks were cruising until a report that there […]
1. Market Summary No “opposite day” for stocks following Wednesday’s post-FOMC selloff. – No “opposite day” for stocks following Wednesday’s post-Federal-Open-Market-Committee (FOMC) selloff. Sharp gaps lower, then some recoveries. – Initial jobless claims still 800K+, perplexing experts. The answer is, however, quite obvious if you just look at what is happening versus the hallowed “data.” […]
1. Market Summary Leadership definitely ragged in many quarters, leaving the market with few potential drivers – The bounce continues in the morning session but rolls over to stronger losses. – GOP failure to pass stimulus-light bill adds to selling impetus. – Indices again at the 50-day moving average (MA), along with the mega-cap techs, […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. No Real Catalyst, Just Gravity – After the Wednesday breakouts, Thursday featured a nasty reversal as the market did not wait for Friday’s jobs report. – We saw big price losses, heavy volume and serious downside breadth. – There was […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. A Test Is Coming – Big tech leaders fade after the surge while recovery stocks bounce. – Chairman Powell says what everyone knows — the Phillips curve just doesn’t work. – Chips are not helping the market, as technical indicators […]
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