(KORS, INVN) In the Know Week of 1/22/2012

Market Condition: Uptrend Continues ↑

This Issue looks at: Recent IPOs INVN, KORS

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.

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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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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.

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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.

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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).

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In the Know: Interim Report 12/20/11

General Market Outlook: The Market staged the elusive follow-through day today, the 17th day after its first rally attempt. Both the SP 500 and the Nasdaq were up more than 3% on increased volume. Proceed with caution on the long side as this is still a headline driven volatile market.

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In the Know: 12/18/2011

General Market Outlook

The Market is still in a correction, and this week’s action makes the chances for a  follow-through more elusive.  Indications are that funds are selling into the rallies, and this is still a headline driven volatile market.

This post looks at: HIBB, RAX, BWLD, MA

Market Condition↓ In a correction attempted rally failing

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In the Know: 12/11/2011

General Market Outlook

The Market is still in a correction, and we are still waiting for a follow-through day which would confirm serious institutional commitment of money into the market. Any new market rally (as past sustainable rallies) needs this type of institutional support to have some staying power.

This post looks at: DG, GNC, CXO, GPOR, CJES, MA, V, UA, RHT, TCBI, SBNY, BWLD

Market Condition↓ In a correction attempting to rally

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What have we learned?

Photo by danielmoyle

The market headlines Monday focused on the failure of a large Financial firm- MF Global. Led by ex-Goldman Sachs Chief Jon Corzine, MF Global threw risk to the breeze and sallied forth with no care about risk management.

It reminds me of something I wrote to client back in October of 2008 Read the rest of this entry »

Farewell To An Icon

The stock market is a result of the core driver of business that has made the United States a dominant economic power over the course of the last 200 years. The stock market has been volatile in the past ten years, but fundamentally it represents an opportunity for investors to participate in the upside of a companies growth. One of those companies is Apple Inc. (AAPL).

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