Friday’s surprisingly strong employment report is both good and bad news. The good is pretty obvious in that it suggests further strong profit growth ahead, which is always a plus for stocks. Another plus is that it probably gives a boost to President Bush. Read More

After an uneventful week, stocks scored solid gains today. With the monetary, economic, and technical background still favorable as evidenced by a Master Key of 3.45, we continue to give the bulls the benefit of the doubt. Read More

Though the market was clearly overdue for some sort of reaction, the fact that it has occurred with very favorable technical, monetary, and economic conditions strongly suggests that the tragic events in Spain last week have had an impact. Read More

Stocks were hard hit today as most of the big cap averages lost well over 1 percent. There was no obvious catalyst other than profit taking and especially profit taking in some of the high flying commodity plays. Growth holding Apex, for example, tumbled nearly 10 percent. Read More

Still bullish after all these months. We are running out of ways to say the same thing. Stocks continue to have strong tail winds, and, as far as we can see only one potential headwind. First the tail winds. Read More

The market has a sloppy feel. We are even starting to complain. Though our Growth Portfolio remains up on the year and even somewhat ahead of the market, we sure don’t like seeing stocks like Tiffany and Intel dropping by double digits so far this year – especially since their internal operations have been good. Read More

As hard as I try I still can’t find much to say bad about the market or the economy. Technically breadth remains excellent, while corrections seem to be contained. Despite the relentless uptrend stocks are not overbought – at least by the tried and true measures we use. Also our favorite sentiment measure, specialist shorting, is remarkably bullish. Read More

We tried fighting it – at least a bit – when the Fed changed the wording in their policy statement. Our argument was that the market was likely to enter a trading range as investors recognized the best news on monetary policy was in the past and that we were leaving the seasonally strong December-January period. Read More

Stocks, after a bout of late afternoon profit taking, finished slightly higher today. As we said on our mid week update last week (see Bank of New York alert), we think the odds have shifted to favoring a trading range over an immediate continuation of the uptrend. Read More

Despite last week’s dip in the Dow and OTC, the broad market continued to fly with advancers for last week outnumbering decliners by about a 2 to 1 ratio. At once this tells you that market breadth and positive divergences remain very supportive technical factors. Read More