Stress Test?

Posted on: by .

The market continues to struggle to push higher and the broader indices came under pressure yesterday. The VIX is still pricing in an either/or scenario. If we solely listen to politicians and Keynesian leaning economist, the economy is recovering and everything is great, but is it? Stress Test? I have previously been critical of the Read more…

Bank of America earnings!

Posted on: by .

While JP Morgan’s earnings disappointed, the stock didn’t suffer. The market actually rebounded after the previous sharp sell-off. I also noticed that the 10-year yield is holding in that 2.85-2.9% range, after coming off. While we will continue to pay attention to earnings, there are stirrings now as to whether or not the Fed will Read more…

Earnings Season Kick-off!

Posted on: by .

The market has been stalled since the beginning of the year. There was hope that the Labor Report would drive some clarity into the market (good or bad), but that didn’t happen. Instead, we received a rather convoluted report, with an amazing drop in unemployment and horrible job creation. I showed how it didn’t make Read more…

Earnings BAC and YHOO

Posted on: by .

The Dow Jones and S&P 500 continue to struggle to break-out above their resistance levels. Earnings are pouring in and they are showing a mixed picture. The banks are beating expectations and “seem” to be doing better. A few other names also showed stronger top line revenue and beat expectations as well. However, there have been some Read more…

Strength in Equities

Posted on: by .

We continue to inch higher and wait for another shoe to drop, but so far nothing has. We do know that two storms are brewing on the horizon (sequester and debt ceiling), but for now we ignore them. We are seeing some intra-day volatility which has created more head fakes of possible break-outs higher or Read more…