Gene Peroni's Daily Podcast

December 5, 2022 05.12.2022 6:22 ↓

Resiliency is the predominant technical characteristic playing in the stock market these days, and I think that reflects positively on the ongoing shift in investor psychology. 

November 29, 2022 29.11.2022 5:19 ↓

Yesterday’s market action, which followed what I would characterize as a trading vacuum rally last week, reinforced the downtrends in the Nasdaq and S&P 500. 

November 28, 2022 28.11.2022 3:40 ↓

I think we could see some consolidation and triggering factors for a pullback — China being one of the headlines this morning. 

November 25, 2022 25.11.2022 4:29 ↓

In many cases, we’re seeing a more contoured pattern playing out in the leadership categories, but for certain sectors such as technology the pattern is more choppy. 

November 22, 2022 22.11.2022 3:03 ↓

All things considered technically, it seems the market is going to remain in a restricted trading range at least over the short run, but this is allowing the Dow to… 

November 14, 2022 14.11.2022 3:11 ↓

Last week’s high-volume advance in the Nasdaq drove it above its 50-day moving average. It was a very significant event… 

November 11, 2022 11.11.2022 4:31 ↓

Soon after yesterday's closing bell, a famous investor was quoted as saying that yesterday’s market advance was more than a bear market rally. 

November 10, 2022 10.11.2022 4:12 ↓

Year to date the DJIA stands out as the best-performing major index, down about 10.5%, whereas the S&P 500 is down about twice that. 

November 9, 2022 09.11.2022 3:47 ↓

If the Dow can move decisively above its 34,200 resistance line it would bolster the formation that developed in late summer and early fall. 

November 8, 2022 08.11.2022 3:10 ↓

Since 1946 the stock market has rallied 17 out of the last 19 midterm elections, but that is not what I’m basing my outlook on… 

November 4, 2022 04.11.2022 2:45 ↓

The market’s near-term upside has probably been defined by the intraday rally that followed the Fed’s decision on Wednesday…

November 3, 2022 03.11.2022 2:16 ↓

It was a technical analysis 101 reaction following yesterday’s announcement by the Fed to raise rates by 75 basis points. 

November 2, 2022 02.11.2022 3:01 ↓

Arguably a portion of the market’s recent recovery is attributable to the expectations that the Fed will begin to moderate its rate hikes after today’s announcement. 

November 1, 2022 01.11.2022 4:19 ↓

October has been known for its historical declines, but it has also produced some historical pivots along the way. This October may have been one of those...

October 31, 2022 31.10.2022 3:32 ↓

Happy Halloween! All treats on Friday with strung-across-the-board rallies, very uniform too. 

October 28, 2022 28.10.2022 5:02 ↓

The DJIA continues to present itself as the standout index year to date and is by far outperforming the Nasdaq and considerably outperforming the S&P 500. 

October 27, 2022 27.10.2022 3:35 ↓

Yesterday morning investors were bracing for reactions to disappointing earnings results among several big tech names, but… 

October 26, 2022 26.10.2022 2:25 ↓

Year-to-date there’s been a big divergence between growth and value if we consider the Dow vs the Nasdaq. 

October 25, 2022 25.10.2022 3:29 ↓

A couple of weeks ago I observed that the CBOE VIX — “fear index” — might be forming a significant head-and-shoulders formation. I saw that as a constructive indication that… 

October 24, 2022 24.10.2022 3:01 ↓

For investors seeking technical evidence that the stock market may be bottoming and even turning to the upside, the 50-day moving average trend lines among the major market indices might be something worth considering, but…