Recent Blog Entries
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January 24th, 2012
(KORS, INVN) In the Know Week of 1/22/2012
General Market Outlook: The market is in a continued uptrend. Institutional money is finding its way into the market as evidenced by the number of accumulation days this year. Last week the Nasdaq rose 2.8%, the S&P 500 rose 2.0 %, and the Dow rose 2.4%. Earnings season in underway and the market is rewarding and punishing companies based on their own merits. The “macro risk-off” trade appears to have abated, quality stocks are being rewarded. Continued…
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January 17th, 2012
In the Know 1/17/12
General Market Outlook: Last week the market continued to move higher despite continued negative news out of Europe. The S&P 500 rose 0.9%, the Nasdaq rose 1.4% the Dow rose 0.5%. There appears to be a change in tone, the last two weeks the market has been to be able to shrug off bad news and move higher. It appears that signs of institutional selling have abated and there appears to be more institutional appetite for stocks. Still one should remain vigilant since last Friday we saw a 0.5% loss on the S&P 500 which came in on higher volume than the day before, thus adding another distribution day. Despite Friday’s negative close, once again we saw the market was able to come off the lows and move higher coming into the close.
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January 9th, 2012
In the Know 1/8/12
General Market Outlook: The market is still in a cautious uptrend. This last week the S&P 500 rose 1.6%, the Nasdaq rose 2.7% and the Dow 1.2%. Positive economic data for the week was well accepted, but the fireworks really did not go off, as gauged by the action of leading stocks. Despite the move by the general indices the leaders were somewhat muted. Continued…
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January 2nd, 2012
In the Know: 1/1/12
General Market Outlook: The market is still in a cautious uptrend. Last week’s action did little to convince the bulls are back. The SP 500 has suffered from 3 distribution days since the follow-through of December 20th. The Nasdaq Composite has suffered from 2 distribution days. These distribution days occurred mostly during the holiday week, thus we will get more insight into the market direction this week, as traders return from the Holidays. Continued…
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December 26th, 2011
In the Know: 12/26/11
General Market Outlook: As mentioned in last week’s brief Interim Report, the market staged a follow-through day on Tuesday December 20th, the 17th day after its first rally attempt. (Please see the Interim report 12/20/21). We remain optimistic but cautious especially since Wednesday the following day, December 21, the Nasdaq suffered from a higher volume selling day (distribution day). Continued…
