IBM Update

IBM Update

Back on April 17th IBM took a big hit.  This earnings inspired flush(-4.15%) attracted the heaviest volume in months.  IBM remained fairly stable through the rest of April and into early May but it was clear a bear channel was building.  By late May shares were down...
Quite A Week

Quite A Week

The S&P 500 Index gained just shy of 4.5% last week, the best weekly gain of 2019.  This type of strength is rare.  Measured from Monday’s close to Friday’s close the index jumped an even great amount(4.7%).  What’s next?  OddStats put up some...
What Streak?

What Streak?

The S&P 500 Index entered last week with a four week losing streak.  Since March of 2009 it has only made it to five straight once.  What happens when investor optimism reaches dramatically low levels?  Losing streaks end abruptly.  The SP 500 Index closed Friday...
Job Growth Slows

Job Growth Slows

From MarketWatch.com: The numbers: The U.S. created just 75,000 new jobs in May and employment gains earlier in the spring were scaled back, an ominous turn that points to a slowing economy and is likely to put more pressure on the Federal Reserve to cut interest...