Jobs Report and the Fed

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The markets have moved back down close to those recent support levels. Earnings have been driving more concern into the market as well. This week we have seen the media giants pummeled, Disney alone sent the Dow Jones down over 50 points. So what can give this market some confidence? Jobs Report and the Fed Read more…

Hawkish or Dovish?

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Was the FOMC statement Hawkish or Dovish? I think the market is as puzzled as some economists, even CNBC economics reporter Steve Liesman (Keynesian) was puzzled. The market reaction was muted for the most part and I think needs to adsorb what was said and then also look what has changed (if anything). For the Read more…

Job Landscape

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The market is struggling to move higher at these levels. The bounce off the lows was strong and solid, but to continue to fuel such a powerful rally needs more than just confidence, it needs capital. We are seeing leverage in the markets reaching new highs daily and the strong dollar doesn’t help as capital Read more…

Walmart Earnings

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The market seems to have found the support area and seems to be getting a decent bounce if we look at the Dow Jones, S&P 500, and the NDX. However, when we look at the Russell index it seems to have been having difficulty getting above that 1150 area. Unless we can get the Russell Read more…

Earnings: GM and Ford

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I believe, despite some big earnings names, the week will remain in a low volatile range, barring any geopolitical explosions. The market seems poised to go higher, but the confidence boost will not come from economic data, not even earnings. What the market wants to hear is the continuing accommodative blessing from Janet Yellen and Read more…

Global Volatility

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It looks like we may be in for not a quite summer after-all. Oil prices on the rise as violence increases in Iraq, the IMF is warning about the rise in prices in the global housing market, more economist are stating the Fed has economic growth to high and ignoring inflation risk, CPI breached the Read more…

Don’t Drink the Kool-Aid

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Dow Jones fell over 100 points yesterday and tested that critical support, only to bounce the next day and move right back into this range bound market’s sweet spot. Focus has recently shifted to the 10-year yield (which has been holding up above 2.6% for the last 10 months) ever since the taper possibility became Read more…

Economic Spin Zone

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Have we put a new support level in here or is this just a fake out and retracement? While that is certainly a valid question, the answer really depends on which index you are monitoring. The Russell stalled heavily over the last two days and is back down to its lows, testing a significant support area. Read more…

Job Growth?

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It’s the last day of a volatile and uncertain quarter. The market has done a fantastic job bucking the bad news, weak economic data, taper, and Russian politics; however, it has also not broken out of a range all month and it seems to be waiting for some type of confirmation of confidence before moving Read more…

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