Writer at The Technical Investor

Michael Gouvalaris is the author of The Trading Playbook: Two Rule Based Plans for Day Trading and Swing Trading. He is the author of the Technical Investor blog (formerly Mikes Trading Journal) which began in 2009 and has provided timely and accurate technical analysis of the markets and ... more


Stock Market & Economy Recap - Saturday, June 12
The S&P 500 earnings per share increased to $191.93 this week. The forward EPS is now +20.7% year-to-date. All but three S&P 500 companies have now reported Q1 earnings. Q1 was another record quarter.
Stock Market & Economy Recap - Sunday, June 6
The economic recovery appears to remain in place. There are some signs the growth rate may be peaking, but that is to be expected. I’m watching for the shift in consumer spending from goods to services now that the economy is starting to reopen.
Stock Market & Economy Recap - Sunday, May 23
It was a slow week for economic data. Retail earnings took center stage. Earnings continue to be stellar, as 2021 earnings growth estimates are now +35%, and 2022 and 2023 earnings growth projections are +12% and +9%, respectively.
Stock Market & Economy Recap - Saturday, May 15
The earnings per share for all S&P 500 companies combined increased to $190.12 this week, which is an increase of +0.08% for the week and +19.6% year-to-date. 91.4% of S&P 500 companies have now reported Q1 results, and 87% have beaten estimates.
Stock Market & Economy Recap - Saturday, May 8
88% of S&P 500 companies have now reported Q1 results. 87.2% have beaten earnings estimates and results have come in +22.8% above expectations. 2021 earnings growth is now +34% and rising.
Stock Market & Economy Recap - Saturday, May 1
60% of S&P 500 companies have reported Q1 results. 87% of companies have beaten earnings expectations, and earnings have come in +22.8% above estimates. Q1 earnings growth is now +46.3%, and 2021 earnings growth projections have risen to +32.3%.


Latest Comments
Should Investors Be Cautious On Short Term Bonds?
5 years ago

Thanks for reading Alexa, I appreciate that.

In this article: UST
August Lows Could Be Revisited
5 years ago

Agreed. Good news is bad and bad news is good... It's really made the job more difficult.

Financial Markets Week In Review: September 14-18
5 years ago

Thanks for the kind words! Good points, It seems as if the Fed's new policy of additional transparency has only made uncertainty (and as a result, volatility) increase. Thanks for reading.

Tough Market...
6 years ago

True. Don't forget the inevitable rising Fed Funds Rate after 6 years at 0% as well.

In this article: DJI, SPX, AGG
Why Is There A Common Perception That The Stock Market Is Rigged?
6 years ago

Hi Terry. I was thinking more in terms of the macro picture but you make an excellent point. Individual stock manipulation or front-running is a problem. Thanks for reading.

In this article: SPY
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Work Experience

Investment Advisor Representative
James D. Maxon Financial Advisors LLC
2013 - Present (8 years 7 months)
Technical Analyst/Trader
Sole Proprietor
November 2007 - Present (13 years 10 months)
Series 63 and Series 65. Contributor for Investing.com Work has been featured by regular contributors to CNBC, Forbes, Business Insider and more... Some of my work: Technical analysis web site: mikestradingjournal.blogspot.com