The Dow managed to finish in the plus column for the fourth week in row…

THE MARKETS On the heels of Monday’s 202-point surge, the Dow Jones Industrial Average managed to finish in the plus column for the fourth week in row. Despite last Thursday’s 114-point decline, the Dow is up over 10% for the year and 22% from the March lows. Further evidence that this rally is the real [...]

By | June 23rd, 2003|Market and Portfolio Commentary|Comments Off on The Dow managed to finish in the plus column for the fourth week in row…

The market continued to plow ahead…

THE MARKETS Despite a slew of negative news, the market continued to plow ahead last week as the Dow Jones Industrial Average finished up for the third week in a row. The Dow has gained over 800 points (+9.5%) since April 25th, and has finished higher for six of the last seven weeks. As of [...]

By | June 16th, 2003|Market and Portfolio Commentary|Comments Off on The market continued to plow ahead…

The bulls went on a stampede last week…

THE MARKETS The bulls went on a stampede last week as the majority of the averages took out major resistance areas and never looked back. The recent run up by the Dow has been confirmed by the broader indexes suggesting further gains down the road. However, the market is significantly overbought and will need to [...]

By | June 9th, 2003|Market and Portfolio Commentary|Comments Off on The bulls went on a stampede last week…

The bulls remained in control last week…

THE MARKETS The bulls remained in control last week as the major averages posted impressive gains for the holiday-shortened week. Although the market appears to be overbought at this juncture, the internals point to higher prices down the road. The Dow Jones Industrial Average ended the week up 249 points (+2.90%) and closed at 8850. [...]

By | June 2nd, 2003|Market and Portfolio Commentary|Comments Off on The bulls remained in control last week…

The bears unable to muster any serious selling pressure…

THE MARKETS Despite the markets coming too far, too fast, the bears were unable to muster any serious selling pressure as the markets finished the week in the plus column. Since the March 11 low, the Dow Jones Industrial Average is now up 15%. For the most recent week, the Dow gained 74 points (+0.86%) [...]

By | May 19th, 2003|Market and Portfolio Commentary|Comments Off on The bears unable to muster any serious selling pressure…

Stocks continued to move higher…

THE MARKETS Stocks continued to move higher for the past two weeks as all of the major averages posted impressive gains. Market internals have continued to be very positive as the new bull market continued to gain momentum. For the past two weeks, the Dow Jones Industrial Average has gained 298 points (+3.59%) and closed [...]

By | May 12th, 2003|Market and Portfolio Commentary|Comments Off on Stocks continued to move higher…

The markets continued their winning ways…

THE MARKETS The markets continued their winning ways early last week until running into major resistance later in the week. After making a run at their January highs on Wednesday, all of the major averages pulled back for the remainder of the week. Prior to the sell off, the Dow Jones Industrial Average was up [...]

By | April 28th, 2003|Market and Portfolio Commentary|Comments Off on The markets continued their winning ways…

Investors turned their focus to a slew of mixed corporate earnings reports…

THE MARKETS As the war wound down, investors turned their focus to a slew of mixed corporate earnings reports. The Dow Jones Industrial Average managed to close above its 200-day moving average (the average closing mark on the index for the last 200 days) on both Monday and Tuesday. This was the first time the [...]

By | April 21st, 2003|Market and Portfolio Commentary|Comments Off on Investors turned their focus to a slew of mixed corporate earnings reports…

The possibility of a long, drawn out war…

The possibility of a long, drawn out war took its toll on the market last week as both the Dow Jones Industrial Average and the NASDAQ gave back a large chunk of their previous weeks gains. Trading was dictated by hourly headlines and rumors, which resulted in triple digit rallies and retreats. […]

By | March 31st, 2003|Market and Portfolio Commentary|Comments Off on The possibility of a long, drawn out war…

The bulls celebrated with a blistering eight-day rally…

THE MARKETS As the “wave of steel” rumbled towards Baghdad, the bulls celebrated with a blistering eight-day rally. Prospects of a quick end to the war, falling oil prices and a stronger dollar all contributed to the rally that has carried the Dow Jones Industrial Average up over 12% since it bottomed last a week [...]

By | March 24th, 2003|Market and Portfolio Commentary|Comments Off on The bulls celebrated with a blistering eight-day rally…