Volatility reigned in January on elevated volume as stock investors shifted their focus from global events to U.S. earnings reports, which have ranged from amazing (e.g., Apple) to crushing (e.g., Microsoft). Although the earnings reports have brought plenty of surprises, the volatility is no surprise, as I and many other market commentators predicted for the New Year.

Scott MartindaleOnce again, stocks have shown some inkling of weakness. But every other time for almost three years running, the bears have failed to pile on and get a real correction in gear. Will this time be different?

Repeating Friday’s market performance, today, the S&P 500 sold off in the last 30 to 40 minutes, giving up its entire daily gain for a loss of 0.27%.  Nevertheless, it did gain 0.1% last week for its eighth consecutive weekly gain. 

david / Tag: VIX, AMZN, EBAY, MRVL, NUS, NXPI / 0 Comments

Thunder is good, thunder is impressive; but it is lightning that does all the work.” — Mark Twain

If you go by Wall Street’s scorecard, the economy seems to be going gangbusters, as evidenced by the upward trajectory of the major equity indices.

daniel / Tag: SPX, DJIA, NASDAQ, COMP, GOOG, AMZN, EBAY, PCLN, YHOO, CRM, NFLX, AKAM, LNKD, FB, consumer sentiment / 0 Comments

I am always doing that which I can not do, in order that I may learn how to do it.” -- Pablo Picasso

So now the fun really begins.

That is, if you consider fun the sort of thing that happens when Wall Street has way too much information to process in a very short period of time.

daniel / Tag: VIX, VXX, FDN, DJIA, SPX, COMP, GOOG, AMZN, EBAY, PCLN, YHOO, CRM, NFLX, AKAM, FB, LNKD / 0 Comments

You must live in the present, launch yourself on every wave, find your eternity in each moment. -- Henry David Thoreau

Well, that party didn’t last long, and the hangover was on the nasty side.

Wall Street had a few days to entertain a little early-week exuberance as a couple of Fed-centric news cycles spurred the equity market towards yet another round of record highs. That exuberance, however, was severely “tapered” when a conflicting message from another Fed officer sent the market reeling towards steep losses, cutting into its midweek gains.

"The general who wins the battle makes many calculations in his temple before the battle is fought. The general who loses makes but few calculations beforehand.”—Sun Tzu

Don’t look now, but the Dow could easily end the year about where it started. All it will take is another few rounds of weaker-than-expected earnings reports to seal the deal, accompanied by a resultant move downward of about 7% for the Blue-Chip index.

daniel / Tag: DJIA, SPX, NASDAQ, APPL, AMZN / 0 Comments

Jobs

david / Tag: ABG, AMZN, DOW, DTLK, GGAL, MA, NNBR, STX, WHR / 0 Comments

Fear Factor Up . . . So is the Market Despite Mid-East Turmoil

by David Brown, Chief Market Strategist, Sabrient Systems

The market shrugged off the serious instability in the Middle East today, after tanking on those fears on Friday. The Dow, the Nasdaq, and the S&P 500 were all up, with the S&P 500 up the most, +0.77%.

david / Tag: AMZN, AVT, AVX VLO, AXP, CAT, DD, F, NFLX, ROC, VIX, VXX / 0 Comments

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