MEMBER SIGN IN
Not a member? Become one today!
         iBerkshires     Williamstown Chamber     Williams College     Your Government     Land & Housing Debate
Search
Home About Archives RSS Feed
@theMarket: It May Be That Time Again
By Bill Schmick,
01:12PM / Saturday, April 30, 2016

For traders, the old adage to "Sell in May" is now upon us. Over the past 40-plus years this recommendation has worked over 70 percent of the time. Should you go with the statistics or ignore them?

As regular readers know, the S&P 500 Index has already reached my target of 2,100. We did so over two weeks ago and until yesterday the bulls have been trying to break over that line and get back to the historical highs around 2,134.

The perfect excuse to do so should have occurred on Wednesday when the central bank's Federal Open Market Committee announced their latest decision to keep rates where they are.

The wording of the news release was almost identical

0 Comments
Read More >>

@theMarket: Markets Hold on to Weekly Gains
By Bill Schmick,
09:19AM / Saturday, April 23, 2016

It was a struggle, but the stock market indexes stubbornly refused to cave in despite some really horrendous earnings reports. A battle is being waged among bulls and bears right here, right now. Who will win?

Remember last week when I reported that earnings have been revised down so low that it was practically impossible for most companies to disappoint the market? Well, that proved to be not quite accurate. Not only did some really big companies in industry, technology, banking and finance fail to beat, they actually came in less than anticipated on both earnings and revenues.

Although traders punished these companies' stock prices in after-hours trading and through the

0 Comments
Read More >>

@theMarket: Economy Stronger, Stocks Weaker
By Bill Schmick,
04:10PM / Friday, April 01, 2016

Investors can expect the stock market to carve out a new trading range over the next few weeks. The good news is that range will be higher than it has been all year. The bad news is that we should not expect a repeat performance of March.

March was a good month for the S&P 500 Index. Stocks gained about 3 percent, and as of today, are positive for the year. Friday, investors worked overtime as they digested a slew of data.

The day kicked off with employment data which was good: 215,000 jobs gained, while hourly wages increased by 7 cents an hour. And more Americans are looking for jobs.

The bad news was that we are still losing jobs in the manufacturing sectors, since

0 Comments
Read More >>

@theMarket: Fed-Driven Rally Grinds Higher
By Bill Schmick,
09:51AM / Saturday, March 19, 2016

Just when you thought it couldn't get any better, the Federal Reserve Bank gave investors everything they wanted this week. As a result, the indexes racked up their fifth week of gains in a row. Could there be six?

A combination of events has unfolded over the last few weeks that have driven the markets higher. A potential bottom in oil and its subsequent rise to over $40 a barrel has provided support as well as fuel for stock gains. Given my belief that "where oil goes, so goes the market," it should be no surprise that the stock markets have now regained all the losses suffered in 2016. Oil, by the way, is also at around the same price it was at the beginning of the

0 Comments
Read More >>

@theMarket: Markets Are at an Important Level
By Bill Schmick,
04:24PM / Friday, March 11, 2016

Stocks spent the last week consolidating. It was a necessary exercise, since stocks were overbought. Now that condition is behind us, and markets climbed higher by the end of this week. We are now at an important level. Call it a moment of truth that will indicate to investors whether the correction is over.

Up until now, the majority of traders have considered the 11 percent rally we have enjoyed in the S&P 500 Index since February nothing more than a bear market rally. But breaking above the 200 Day Moving Average (200 DMA) would make this an entirely new ballgame.

As I have written in the past, the 200 DMA is a technical level. It is simply a security's average

0 Comments
Read More >>

Williamstown.com is owned and operated by: Boxcar Media 106 Main Sreet, P.O. Box 1787 North Adams, MA 01247 -- T. 413-663-3384 F.413-663-3615
© 2008 Boxcar Media LLC - All rights reserved