The Stock Market Blog for Individual Investors by an Individual Investor
S&P 500 close May 17 2013 at 1667.47
The market once again pushed the naysayers aside and moved up to another all time high. The S&P 500 finished the day up 17 to 1667. The bears tried to gain some headway early on and kept the index under … Continue reading
S&P 500 close May 16 2013 at 1650.47
A little dose of reality entered the market today. The S&P 500 closed down 8 to 1650. The bulls tried to move up today but were beaten back twice in the day. Twice the market attempted to push through 1660, … Continue reading
S&P 500 close May 15 2013 @ 1658.78
Another day and another gain for the markets. The market rallied again today moving up 8 to close at 1658. At this point the S&P 500 has become something of a spectator sport. At these levels, committing capital seems extremely … Continue reading
S&P 500 close May 14 2013 at 1650.34
We certainly did move away from 1530 in a hurry. The market put on another strong rally today climbing 16 points to finish at 1650. From here this is getting a little stupid, but the market has never been accused … Continue reading
S&P 500 close May 13 2013 at 1633
The market once again is showing its resiliency as we closed flat for the session. The support level is shoring up at 1630 with the last four sessions trading above or at this level. The few minor hiccups below have … Continue reading
S&P 500 close May 10 2013 at 1633.70
Not the move I was hoping for, but it is the one I got. The market rallied today to finish up 7 to 1633. I thought we were going to sell off early on when we sort of wobbled in … Continue reading
Shareholder Interest-J P Morgan’s Point of View
With all of the turmoil surrounding J P Morgan and its CEO/Chairman the bank has recently come under fire by a couple of its biggest shareholders. In response to this the bank has put out a letter by two members … Continue reading
Structural Rotation
We just keep going. This bull market has been different in a lot of ways. Since reaching its post election lows just before Thanksgiving 2012, the market has moved up steadily and in the face of issues that have historically … Continue reading
What Kind of Economy Do You Want?
There has always been a distinction and to some degree a disconnect between Wall Street and Main Street. For some it is as simple as living your daily life, going to work, owning a home, raising a family and planning … Continue reading
The Most Important Move in Stocks in 12 Years
One of the principles in technical analysis is that markets have repeatable patterns. Technicians also know that, on average, certain types of events do or do not follow through. For example, most breakouts from a trading range fail. The more … Continue reading
April Head and Shoulders Forming?
I found this article on CNBC’s website. It highlights a classic (bearish) chart pattern known as a head and shoulders pattern. I do not really agree with their assessment that this pattern is forming for a few reasons. First, the … Continue reading
If Apple Breaks $419, the Stock Market Will Break
This article appeared on Yahoo Finance today. It’s a good representation of support and resistance lines. It is also important because of the implications for the S&P 500 since Apple has such a huge market cap in a market cap … Continue reading