Pivot Week

IMPORTANT DISCLOSURE INFORMATION Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by BigFoot), or any […]

Disconnect

Equity markets had a pretty solid pull-back last week.  The question is why?  Is there a fundamental shift in the economic data?  Profit taking? It may have been a derivative of the ‘Trade War’ with China.  China has threatened to sell off $3B or so of US Treasuries.  Assuming this is credible, the front running […]

If You Ignore the News…

If you ignore the news, the technical picture for this market looks strong.  The past several weeks have seen volatility reign in, so the over-bought conditions are a lot less menacing than they were a few weeks back.  As of right now, traders seem content with 2900 has the support for the SPX. With Canada […]

Trade Wars are Easy to Win (We Hope)

Last week Trump threatened to triple down on China with even more tariffs if they didn’t come to the table for a trade discussion. Meanwhile, the politics of the day have the country so split along partisan lines, there may be very little political advantage to Trump to deviate from this position.  So the game […]

Get Back to Work

Vacation season is officially in the rear-view mirror.  Almost every school in the country is done with summer and back to the grind.  And the next break in the action won’t really occur until the Thanksgiving Holiday.  Look for volume to start climbing. Let’s skip the fluff and get right to the chase:  the technicals […]

Breakout (Almost) Confirmed

Last week the SPX closed out the week at the highs for the year.  Good sign.  It’s tempting to call this a break-out situation.  And, in the simplest sense of the term, that’s true.  But we want to see some follow-through this week to see if upward momentum will continue and strengthen.  That’s the real […]

S&P500 Eyes All-Time Highs

While it is difficult to forecast a breakout in stocks in advance, the S&P500 is less than one percent from closing above its all-time highs.  That can easily be taken out in a single day.  The question is which day? Given the way data will be released this week — with the majority of market […]

Taking out the 2018 Highs May Be Tough This Week

The wind has been in the sails for a few weeks now, and the S&P500 is close to reclaiming the highs for the year.  The trade wars have shown little effect on the domestic market’s rise… until Turkey made the headlines. The instability seems to have thrown a wet blanket on the market’s climb.  What […]

Tech Shift

The big news last week was the 20% drops for both Facebook and Twitter.  The entire tech sector seemed to catch a cold last week.  But here’s a little perspective: Both Facebook and Twitter had been on phenomenal runs for the year (with Twitter nearly doubling).  Both companies are reinventing their privacy rules.  And both companies […]

Monday July 23, 2018

IMPORTANT DISCLOSURE INFORMATION Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by BigFoot), or any […]

Within Striking Distance

Now that the SPX has closed above 2800 it’s within striking distance of re-taking the 2018 highs up near 2870.  Crazy enough, this could happen quite quickly.  Economic data is light this week so eyes are on earnings.  Absent a black swan event, the stage is set for this market to go higher. That’s really […]

Now the Stock Markets Can Start July

True, there was some pretty strong jobs data and a reassurance from the FOMC last week that rates aren’t going to go rocketing higher any time soon.  Still, the 4th of July holiday fell on a Wednesday, and Tuesday was a shortened day.  PLUS, it was the beginning of the 3rd quarter.  What does this […]

Does this Week Even Count?

Because the 4th of July holiday falls on a Wednesday this week — and the 4th-of-July-Eve holiday apparently justifies a half-day for the markets on Tuesday — you can expect a couple things this week: Volume will likely be lower than average Volatility may be higher than average (on lower volume) There’s actually a fair […]

Is this Pull-Back Nearly Complete?

Futures indicate a lower open on Monday for the SPX.  It’s been tough for large-caps lately given the loud shouts of ‘Trade Wars’ from media outlets.  It’s still quite unknown as to what may really happen there.  Some winners and losers will definitely get tossed around, but will the overall markets be harmed?  It’s too […]