Weekly Investment Outlook: June 12, 2017

Investment Outlook | Financial Services | Certified B Corp | Buffalo, NY   Investment Outlook | Financial Services | Certified B Corp | Buffalo, NY   "Investing is the only business I know that when things go on sale, people run out of the store." - Mark Yusko   This quote very well reflects the market psychology for what happened on last Friday and continued on Monday. The returns in the so called ‘FANG’ stocks (Facebook, Amazon, Netflix and Google)…
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Weekly Investment Outlook: May 29, 2017

  The technical indicators for the different indexes moved in the bullish territory during the week and internal breadth improved with the Advance/Decline line for the NYSE making a new high each day of the week, although the NYSE advance-decline for the common stocks was still shade below its previous high The new 52-week highs expanded on both the NYSE and NASDAQ was also positive for the…
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Weekly Investment Outlook: May 22, 2017

  Last week the markets were dealt with a tough hand in sometime and we saw VIX (volatility index) spiking almost 45% on 05/17/2017 and that was the 8th largest 1-day increase since 1990. The equity markets have recovered well since the rout, clawing back to its 50-Day moving average. According to the Association of Individual Investors (AAII) the bullish sentiment of the equities has now b…
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Weekly Investment Outlook: May 8, 2017

weekly update   The equity markets rallied on Friday on the heels of strong jobs report and The S&P 500 touched a new high on Friday although did not close at the all-time high. The breadth remained mix as the NYSE advance-decline lines remained flat. The NYSE composite has not followed the expansion in the breadth in April 2017 and must rally to confirm the bullish thesis.   Another focal point ha…
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Weekly Investment Outlook: May 1, 2017

weekly update   The S&P 500 got a big boost last week from the French election results, Trump tax plan and better-than expected earnings. The key break-out was from the downtrend channel line and now keeps the key support at 2380. The S&P 500 held that support on Friday buoyed by the earnings results from big tech names. The internal breadth was positive with the NYSE Advance/Decline line set a series of…
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Weekly Investment Outlook: April 10, 2017

weekly update   The payroll report for the month of March 2017 came in at 98000 jobs, much weaker than expected (median forecast 180000). The weather and retail jobs losses were mostly blamed for the poor report, so yes there was lot of noise, but no way can we put a lipstick on this pig. Besides the payroll data was revised lower by 38000 for both January and February. The disappointing payroll report o…
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Weekly Investment Outlook: April 3, 2017

weekly update   The breadth was positive at the NYSE (read improved) last week as the Advance-Decline line gained 3574 units and the number of 52-week highs out did the new lows on all the five sessions. At this point a bigger than the most recent drop of 3.29% might not be the worst thing. There is a strong support in the range of 2275-2300. This is the first time since the election that the S&P 500 has…
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