Market Condition: Uptrend continues ↑
This edition looks at TSCO, CLR
General Market Outlook: The market is in a continued uptrend. The markets got a boost from the Federal Reserve delivering the message that rates will not be increased until 2014. Markets celebrated as did gold and silver. Last week the NASDAQ rose 1.1%, the S&P 500 inched up 0.1 %, and the DOW slipped 0.5 %. Earnings season continues, as European news leans on the markets.
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.
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.
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.
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.
