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

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Stock Market & Economy Recap - Saturday, Dec. 18
The data continues to support the economic expansion; earnings are great and valuation remains reasonable. But it was all about the Fed this week. The Fed’s sharp pivot could have a negative effect on financial conditions in 2022.
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Stock Market & Economy Recap - Saturday, Dec. 11
In a slow week for earnings and data, it was all about inflation. Annualized CPI only got worse, but some downward pressure could be coming from the recent drop in oil prices.
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Stock Market & Economy Recap - Saturday, Dec. 4
The week began with some positive news regarding Black Friday sales, with total sales coming in +29.8% above last year, as store traffic increased 42.9% (still down 28% compared to 2019). Still the COVID-19 variant loomed in the background.
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Stock Market & Economy Recap - Saturday, Nov. 27
The slew of economic data this week largely reinforced that the expansion is still well in tact, as well as the inflation threat. Personal incomes are rising, but not at the pace of cost increases when we subtract government transfer payments.
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Stock Market & Economy Recap - Saturday, Nov. 20
Upbeat news from retail giants Walmart and Home Depot kicked off the week. Both companies reported earnings that beat expectations and both raised forward guidance. The total retail sales confirmed with a beat, coming in above the inflation rate.
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Stock Market & Economy Recap - Saturday, Nov. 13
S&P 500 earnings per share showed another modest decline this week, dropping from $214.95 to $214.77. 92% of S&P 500 companies have now reported Q3 results. 81% have beaten estimates and results have come in a combined +10.3% above expectations.
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Comments

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
6 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
6 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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STOCKS I FOLLOW

DIA SPDR Dow Jones Industrial Average
QQQ PowerShares QQQ Trust Series 1
SPY SPDR S&P 500

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Investment Advisor Representative
James D. Maxon Financial Advisors LLC
2013 - Present (9 years 2 months)
Technical Analyst/Trader
Sole Proprietor
November 2007 - Present (14 years 5 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

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