Dennis Slothower Blog | Talkmarkets | Page 1
President at Alpine Capital Management, LLC.

Dennis Slothower is a veteran financial analyst, widely read author, popular speaker, and the editor of Stealth Stocks. Dennis is consistently ranked as one of the top investment advisors by many ... more

All Contributions

Latest Posts
1 to 16 of 21 Posts
1 2
Brexit: The Day After
As we suspected following the dramatic plunge in markets over the previous two sessions a bounce was likely.
Too Much Good News
The stock market took a sharp turn for the worse on economic data that raised the issue the Fed may yet raise interest rates at their next FOMC meeting in June as no less than three Fed President’s look for a rate hike coming up.
Phony Retail Sales Report
The Commerce Department said retail sales surged up by 1.3 percent in April after slipping by 0.3 percent in March. Economists had expected sales to climb by 0.9 percent.
Does Anyone Care About Jobs?
The jobless-claims data came one day after a weaker-than-expected report on private-sector payrolls and a decline in worker productivity, which pushed stocks to finish lower on Wednesday.
The Crude Oil "Freeze"
The government/Fed/big banks have achieved quite an accomplishment in getting the stock market at the highest level it can right before April 15th and earnings season which began today with Alcoa’s less than stellar performance.
Secret Unscheduled FOMC Meeting
Don’t expect any rate hikes. Some economists last week cut their tracking estimates for growth in first-quarter gross domestic product to near zero, following a 1.4 percent gain in the last quarter of 2015.
Dollar – Oil – Equity Triangle
The early strength on Wall Street once again reflected the linear relationship of the dollar and crude oil prices, as the dollar dropped and crude oil prices bounces – along with a minor advance in equity prices.
Earnings Shock Straight Ahead
Investors have been warned that this quarter could be a poor earnings quarter and I think the probabilities increase sharply, especially after today’s latest trade data, which showed the U.S. trade deficit widened to $47.1 billion in February.
Decent Jobs Reports Has Warts
After coming under pressure early in the session, stocks showed a substantial rebound during Friday. The turnaround lifted the Dow to its best closing level for the year, while the Nasdaq and the S&P 500 reached three-month closing highs.
Fed Remains Cautious
As is typical of FOMC days the stock market was goosed higher today along with crude oil prices which rallied $2.12 a barrel to $38.46 a barrel given the Fed smash on the US dollar today.
ECB Stimulus Disappoints
Today’s European Central Bank’s announcement has set in motion a number of markets.
The Impact Of The ECB Rate Cut
For the bulls to take charge of this market beyond just a countercyclical rally lasting a few weeks, the S&P 500 index must trend above its 200-day moving average.
Crude Oil’s Amazing Run
Global crude oil prices have climbed 46% since making a 12-year bottom on February 11th at $26. WTI finished $1.98 today to close at $37.90. This in just 16 trading days.
Stocks Breakout Above 50 Day Moving Average
This was the week where all major U.S. equity indexes finally broke above their 50-day moving averages. But most of them are still hovering well below their 200-day moving averages as well, which represents a broad and strong level of resistance.
Rally At Key Resistance
Though buying pressure began to wane today traders still managed to push the indexes into an even greater overbought market condition – the major indexes are now approaching key resistance levels.
Super Tuesday Markets
Talk about a Super Tuesday for the stock market, which spiked sharply higher on the first day of March building on the late February rally and advancing oil prices as the bankers help fight back.
1 to 16 of 21 Posts
1 2