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Blog posts of '2020' 'July'

Technically a depression
Technically a depression

Technically a depression...

Or coming close to it.  The steepest contraction in the U.S. economy since the Great Depression has just rung in for Q2 2020 (2Q20 GDP). Not surprisingly, real gross domestic product (GDP) fell at an annual rate of 32.9 percent in the second quarter. In the first q...

Market Daily Report for 7/24/2020
Market Daily Report for 7/24/2020

The running of the bulls...

Well, at least that was what things were looking like when the Golden Cross hit earlier this month.  As discussed in our prior blog, there was a breakout in consolidation as the early parts of the re-opening got underway and the July earning season started to kick in...

The bar has been lowered.  Earning Season!
The bar has been lowered. Earning Season!

Earnings...Earnings...Earnings

as the mantra goes...We kick off into the earning season tomorrow with the big banks.  Wells Fargo, J.P. Morgan, etc.  After that, we have Netflix on Thursday with their earnings report.  Over the next couple of weeks, we get a glimpse into the earnings for all pu...

Next leg up...
Next leg up...

Next leg up...

Since the high of June 8 and discussed in our previous blogs, the market has been in a perpetual consolidation period. At that time, the short-term bearish signals kicked in and you could see SPY trade in ranges between high of 315.7 and low of 298.93.

July 2, 2020, was a differen...

A Tale of Two Tapes
A Tale of Two Tapes

Tale of Two Tapes

What a ride it has been this year for investors.  If you are still here with us then you certainly have seen two extremes in the market this year.  By all measures, COVID-19 spread as a regional crisis in China's Hubei province to a global pandemic that has disrupted global econ...