Brexit Buying Opportunity

Brexit Buying Opportunity

Much has been said and debated about the UK leaving the EU. From a financial viewpoint this is a fantastic buying opportunity for stocks. Buy on the dips. Many bargains abound this morning especially in banking and the financials. All things European are now on sale....
Dow 18,000

Dow 18,000

Dow closed above 18,000 for the first time since July 21, 2015. This is more of a psychological event rather than a technical indicator, still it is very encouraging. Let’s hope this summer is much better than 2015 and that the market can hold onto the recent...
Bottom Fishing

Bottom Fishing

The S&P 500 hit a new 52 week low today 1810, so did the NASDAQ 4209. The Dow almost hit a new low 15503, and then with just a hint that there might be a reason for oil to move up the markets started a brief rally.  This brief recovery shows the pent up demand for...
Bottoms Up

Bottoms Up

The 16,000 level for the Dow, 1,900 for the S&P 500 and 4,400 for NASDAQ appear to be fairly solid bottoms for buying opportunities. We started buying again today near those levels. While it is hard to predict an exact bottom it does appear that the markets want...
Correction or Bear Market

Correction or Bear Market

I dislike the term stock market “correction”. It sounds like the markets were wrong and needed to be corrected by someone. But for lack of a better term a correction is defined as a 10% pullback in stock prices, we are there. A Bear market is a 20% decline in stock...

Pin It on Pinterest